Fundraising FoxMGMT Ventures
Venture capitalReykjavík · Pre-Seed–Series A · 12 people tracked
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Investment thesis
MGMT invests as hands-on operators across three pillars: energy, digital infrastructure, and venture. On the energy side, it deploys high-density compute infrastructure designed to optimize dynamic energy use and monetize curtailed or stranded power. Its digital infrastructure arm operates through a Luxembourg-based manager. The venture pillar makes early-stage investments in technology companies using the firm's own money, working closely alongside founders. The firm launched its first operation in Iceland in 2019 and has purchased over 700GWh of curtailable power since then, with a near-term development pipeline in Finland and significant HPC equipment deployment advisory experience.
Source: firm website, verified Oct 25, 2026.
Team · 12 people
from the firm's websiteFounding Partner and CEO of MGMT Capital Partners with over 20 years in the technology sector at major global tech companies. He co-founded MGMT Energy (formerly GreenBlocks), chairs the board of Viska Sjodir, sits on the board of the Icelandic Blockchain Foundation, and previously was Director of Blockchain Technologies at Advania Data Centers (now atNorth). Holds a diploma in business administration from University College Dublin.
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 at MGMT Capital Partners and co-founder of MGMT Energy and Viska Sjodir. He worked at GAMMA Capital Management in alternative investments and corporate finance and was an alternate board member of the Icelandic Blockchain Foundation. Holds a B.Sc. in Economics and Finance from Reykjavik University and an M.Sc. in Investment Management from Cass Business School, and is a certified securities broker in Iceland.
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 at MGMT Capital Partners and board member of Viska Sjodir. Former Managing Director of the Icelandic Blockchain Foundation, named Developer of the Year (People's Choice) at the Nordic Startup Awards. He leads Iceland's largest developer community, co-founded a local tech grant fund, and is a recognized speaker on technology and digital assets.
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 at MGMT Capital Partners with over a decade in financial analysis, economic research, and data-driven decision-making. Previously held senior roles at Statistics Iceland leading national corporate financial statistics and working with Eurostat and the OECD. Holds an M.Sc. in Economics from the University of Iceland and an M.Sc. in Finance from Florida International University; licensed securities broker in Iceland.
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.
Leads technical oversight for MGMT's compute operations in Iceland, managing day-to-day technical communications with operational partners and serving as the primary technical liaison between MGMT and its infrastructure partners.
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 of MGMT Capital Partners. Previously CFO of luxury travel group Eskimos Iceland for five years, navigating the company through COVID, and earlier worked in finance at Bakkavor Group USA. Holds a B.Sc. in Business Administration and Finance from Reykjavik University.
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, Series A stages.
- What sectors does MGMT Ventures focus on?
- MGMT Ventures focuses on Cleantech, Cloud Computing, Deep Tech, Energy, Enterprise Software, Fintech, SaaS, Sector Agnostic.
- Where is MGMT Ventures located?
- MGMT Ventures is headquartered in Reykjavík, IS.
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