TD
Technology Development Fund
Venture CapitalActiveThe Technology Development Fund is Iceland’s most active early stage financier of research and development projects and startups.
705
Investments
2
Exits
$100M
AUM
0.3%
Exit Rate
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Investment Thesis & Strategy
Technology Development Fund invests in early-stage fintech and government startups in Iceland, providing funding for research and development projects.
Investment Activity
Deals per year over the last 18 years
1
20040
20050
20061
20071
20080
20091
20100
20110
20120
20131
20140
20152
20160
20170
20180
20190
20201
2021Portfolio Companies
Selected investments from their portfolio of 705 companies
Ö
Össur
Healthcare · Growth, 0
M
Marel
Robotics · Growth, 0
T
Tempo
Fintech · Series A, 2021
C
Controlant
IoT · Series B, 2016
G
Genki Instruments
Consumer · Seed, 2016
S
Sidekick Health
Healthcare · Series B, 2014
K
Kerecis
Biotech · Growth, 2010
L
Landsbankinn
Fintech · Growth, 2008
C
Carbon Recycling International
Cleantech · Growth, 2007
V
Valka
Robotics · Growth, 2004
Notable Exits
CompanyTypeYearValue / Acquirer
Beta IncIPO2025$250M
Acme CorpAcquisition2024$50M
Frequently Asked Questions
Technology Development Fund focuses on Series A, Series B, Series C+ stage investments.