Hefring Marine closed a financing round led by the New Business Venture Fund

Hefring Marine, a Reykjavik, Iceland-based software developer for boat manufacturers and owners, announced raising a capital funding round.

The money was raised from existing investors from Nýsköpunarsjóður (The New Business Venture Fund), from Iceland, joined by the German fund Innoport and the American fund TechNexus. According to Northstack, the funds should cover a run rate of 18-24 months.

Niklas Koerner, investment manager at Innoport, will join Hefring's board.

Hefring ehf., founded in 2018 by Karl Birgir Björnsson, Björn Jónsson and Magnús Þór Jónsson, developed a software product that aims to enhance the safety of seafarers and provide boat owners with a better overview of boat schedules.

Hefring Marine previously raised capital from Nýsköpunarsjóður in 2019.