New Business Venture Fund is an Icelandic evergreen investment fund supporting innovation and startups in various sectors. Founded in 1998, it invests in seed and early-stage companies, contributing to Iceland's economic growth. Typical investments range from $1-5M, and it shows a higher exit rate compared to other Iceland’s based VCs. New Business Venture Fund has shown interest in investing in various sectors, with a particular focus on Consulting and Health Diagnostics. The majority of the fund's investments are in startups based in Iceland, aligning with the location of its establishment. Among its prominent portfolio startups are Kaptio, Mint Solutions, and Yaolan.com.