All-female leadership raises Iceland’s largest VC fund, Crowberry Capital

A trio of female VCs has raised Iceland’s largest VC fund ever and one of Europe’s largest all female-led funds. 

Crowberry Capital, led by founders Hekla Arnardottir, Helga Valfells and Jenny Ruth Hrafnsdottir, said Thursday they had raised a $90m seed and early-stage fund. The firm also plans to close an additional $40m in July 2022. The team’s first fund, a $40m vehicle, was launched in 2017 and backed 15 companies.  

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