Atvinnulífsins Nýsköpunarsjódur has sold a 70% stake in Kaptio to new investors, aiming to finance further investments in emerging startups while enhancing Kaptio's capabilities in the travel software market.

Target Company Overview

Kaptio is a leading software company specializing in booking solutions for the travel industry. Established within the Salesforce ecosystem, Kaptio focuses on providing tailored solutions to travel agencies and planners. Since its inception, Kaptio has garnered a strong client base, primarily consisting of large, international travel service companies that offer customized trips and group travel services, including cruise and rail tour operators.

In 2014, Atvinnulífsins Nýsköpunarsjódur invested in Kaptio, becoming one of its key stakeholders. The recent decision involves the sale of a 70% stake in Kaptio by Atvinnulífsins Nýsköpunarsjódur, as part of a strategic move to capitalize on the company's growth and market position, thereby enabling further investments in emerging startups.

Industry Overview in Iceland

The travel and tourism industry in Iceland has witnessed significant growth over the years, driven by the increasing influx of international tourists attracted by the country’s un