Fundraising FoxMGMT Ventures
Venture capitalReykjavik · Pre-Seed–Seed · 6 people tracked
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Investment thesis
MGMT positions itself as operators who take a hands-on approach, investing as generalists across technology with the aim of making a difference. It makes early-stage investments in technology companies using its own money and works closely alongside founders. In parallel, the firm develops high-density compute (HPC) infrastructure designed for dynamic energy optimization, monetizing curtailed or stranded power in low-cost energy regions, with operations launched in Iceland and a development pipeline in Finland. A related Luxembourg-based private equity fund deploying capital into flexible compute infrastructure is described as coming soon, pending regulatory registration.
Source: firm website, verified Aug 3, 2026.
Team · 6 people
from the firm's website
Founding Partner and CEO with over 20 years in the technology sector. He co-founded MGMT Energy (formerly GreenBlocks), chairs the board of Viska Sjodir, sits on the board of the Icelandic Blockchain Foundation, and previously directed blockchain technologies at Advania Data Centers (now atNorth).
Founding Partner and co-founder of MGMT Energy and Viska Sjodir. He previously worked at GAMMA Capital Management in alternative investments and corporate finance, holds degrees from Reykjavik University and Cass Business School, and is a certified securities broker in Iceland.
Founding Partner who serves on the board of Viska Sjodir and was Managing Director of the Icelandic Blockchain Foundation. A recognized developer and speaker, he leads Iceland's largest developer community and co-founded a local technology grant fund.
Principal with over a decade in financial analysis and economic research. He previously held senior roles at Statistics Iceland leading corporate financial statistics and holds economics and finance degrees plus an Icelandic securities broker license.
Lead Technician overseeing MGMT's compute operations in Iceland, managing technical communications with operational partners and serving as the primary technical liaison with infrastructure partners.
CFO who was previously CFO of luxury travel group Eskimos Iceland and worked in finance at Bakkavor Group USA. He holds a business administration and finance degree from Reykjavik University.
Frequently asked questions
- What stage does MGMT Ventures invest at?
- MGMT Ventures invests at the Pre-Seed, Seed stages.
- What sectors does MGMT Ventures focus on?
- MGMT Ventures focuses on Cloud Computing, Deep Tech, Energy, Enterprise Software, Fintech, SaaS, Sector Agnostic.
- Where is MGMT Ventures located?
- MGMT Ventures is headquartered in Reykjavik, LU.
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