About us

Karolina Fund is an Icelandic company founded on the 17th of June 2012.

Karolinafund.com is a crowdsourcing and crowdfunding community currently in alpha development. Karolina Fund is not an investment firm, but a social platform, on which creators can obtain funding from the crowd, and others can invest, create, interact and/or offer their services and expertise.

How does the platform work?

The future

Karolina Fund aims to become a next generation crowdsourcing and crowdfunding community that does not only solve funding and employment problems but also addresses lack of trust, transparency, and security in online transactions. Karolina Fund will be different and more innovative than existing solutions in that it goes beyond offering access to finance: it will connect crowdfunding and crowdsourcing with effective project management, and escrow service.

Participants in a project are encouraged to actively take part at all stages. For example, with the help of Karolina Fund's innovative project management tool, participants establish the funding and implementation plan together so that funding needs and implementation processes are based on realistic assumptions. This contributes to the success of the project.

Karolina Fund will offer different all-or-nothing funding possibilities, ranging from pledges to equity investments. The funds obtained through Karolina Fund will be released gradually to the creator and service providers involved after the respective tasks have been completed. This approach provides for more transparency and security in crowdfunding which will be developed and refined throughout the alpha phase, acknowledging user feedback.

The team

Ingi Rafn Sigurðsson, Jónmundur Gíslason, Sævar Ólafsson, Arnar Sigurðsson, Brynjólfur Einar Sigmarsson, Lárus Lúðvíksson, Þórarinn Jóhannsson, Irina Domurath and Julia Boira.

Karolina Fund office is based in The Innovation Centre Kvosin, Lækjargata 12, 101 Reykjavík, Iceland. contact@karolinafund.com vsk 111464 Kt 460712-1570