15 Nov '06 New investor – new opportunities
Recently, The New Business Venture Fund, an Icelandic venture capital investor, invested in Marorka. After the deal, the NBVF share in Marorka will be 20%. According to Dr. Jón Ágúst Þorsteinsson, managing director of Marorka, the involvement of the venture fund will strengthen the company considerably and create new opportunities enabling further growth. The new capital will be used to aid Marorka in seeking wider markets as well as to strengthen R&D.
Mr. Finnbogi Jónsson, managing director of NBVF says that Marorka is comprised of a strong team of experts and that the company has a good chance of becoming a leader in its field. Marorka has conducted its development phase with a clear goal in sight and the early stages of marketing and sales have also been very successful, Mr. Jónson also said when NBVFs investment in Marorka was made official.