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Eyrir Venture Management, now known as ReykVC, is a venture capital firm based in Reykjavík, Iceland. Founded with a mission to support innovative companies addressing global challenges, ReykVC has evolved from its roots in Eyrir Invest. The firm operates independently under the ownership of Fræ Capital hf., managing specialized funds including Vöxtur, Sprotar, and Ventures. As of 2023, ReykVC manages a fund size of $45 million, focusing on early-stage and growth companies.
The firm emphasizes active ownership and company-building support, leveraging its extensive experience in investment, strategic guidance, and ESG practices. ReykVC's team is dedicated to fostering growth and scalability for its portfolio companies, ensuring that founders receive the necessary resources to succeed. The firm is strategically positioned to invest in sectors such as AI, climate technology, healthcare, fintech, cybersecurity, food-agtech, energy, and biotech, with a geographic focus on the Nordics and global markets.
ReykVC has established itself as a key player in the venture capital landscape, particularly in the Nordic region, where it seeks to partner with exceptional founders who are building solutions with international growth potential. The firm’s commitment to creating lasting impact through its investments aligns with its mission of driving meaningful change in the world.
ReykVC invests in exceptional founders who are developing solutions to address global challenges. The firm focuses on sectors such as AI, climate technology, healthcare, fintech, cybersecurity, food-agtech, energy, and biotech. It seeks to partner with startups that demonstrate potential for international growth and scalability. The investment strategy emphasizes active ownership, where ReykVC provides not just capital but also strategic guidance and operational support to help companies scale effectively.
Investment stages include Seed, Series A, and Growth Equity, allowing ReykVC to engage with companies at various points in their development. The firm is particularly interested in deep tech and life sciences, where it believes it can make a significant impact. ReykVC looks for founders who are not only innovative but also committed to creating lasting change through their ventures. The firm’s approach includes a preference for companies that align with its mission of sustainability and global impact.
ReykVC has a diverse portfolio of companies that exemplify its commitment to addressing global challenges. Notable portfolio companies include:
These companies reflect ReykVC's focus on sectors that are critical for sustainable development and innovation. The firm actively supports its portfolio companies through strategic guidance and resources to enhance their growth trajectories.
Kristinn Pálmason — Managing Director. Kristinn has extensive experience in venture capital, private equity, M&A, and corporate finance. He has worked across various sectors, including software, industrials, and life sciences, and is recognized for his strategic insights in investment.
Marta Hermannsdóttir — Investment Manager. Marta specializes in ESG and has over 15 years of international experience in investment banking and startups. She studied at the London School of Economics and has a strong background in financial analysis and strategic investment.
Sigurður Ingibergur Björnsson — Investment Manager. Sigurður has a wealth of leadership and investment experience, having served as CEO of multiple companies. He co-founded Thule Investments and has a background in business development at deCODE Genetics, focusing on life sciences and technology.
Haraldur Óli Haraldsson — Analyst. Haraldur has a background in financial engineering and research experience at the FinTech Center of Reykjavík University. He focuses on product development and risk management, bringing analytical skills to the investment process.
To pitch Eyrir Venture Management, founders should visit their website at evm.is. The firm prefers a concise pitch deck that outlines the business model, market opportunity, competitive landscape, and team background. Founders should also highlight how their solution addresses global challenges and its potential for international growth.
ReykVC values warm introductions but also accepts direct submissions through their website. Founders can expect a response within a few weeks, depending on the volume of submissions. It is advisable to follow up if there is no response after this period.
In 2023, ReykVC participated in a $6 million extension of DTE's Series A2 funding round, contributing to a total of $16 million raised. This investment highlights ReykVC's commitment to supporting innovative companies in the AI sector.
Additionally, ReykVC has been active in the healthcare space, with Hedera Dx receiving attention for its liquid-biopsy oncology solutions. The firm continues to seek opportunities in sectors aligned with its mission of addressing global challenges.
What are Eyrir Venture Management's investment criteria?
ReykVC invests in exceptional founders who are building solutions to address global challenges. The firm focuses on sectors such as AI, climate technology, healthcare, fintech, cybersecurity, food-agtech, energy, and biotech. It seeks companies with potential for international growth and scalability.
How can I pitch to Eyrir Venture Management?
Founders can submit their pitches through the firm's website at evm.is. It is recommended to include a clear business model, market analysis, and the team’s background in the pitch deck.
What makes Eyrir Venture Management different from other investors?
ReykVC emphasizes active ownership and company-building support, providing not just capital but also strategic guidance and operational assistance to its portfolio companies. This hands-on approach helps startups scale effectively.
What is the geographic scope of Eyrir Venture Management's investments?
The firm focuses on the Nordic region and seeks to invest in companies with global-market potential. It aims to support ventures that can create significant impact on a global scale.
What is the typical check size for investments?
While specific check sizes are not disclosed, ReykVC invests across Seed, Series A, and Growth Equity stages, indicating a flexible approach to funding based on the needs of the startup.
What kind of post-investment involvement can founders expect?
ReykVC provides active support post-investment, including strategic guidance, operational support, and assistance with scaling the business. The firm aims to be a collaborative partner throughout the company's growth journey.
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