Thule Investments
Venture capitalReykjavík · Growth · 2 people tracked
Investment thesis
Thule Investments hf. is an Icelandic fund manager established in 2003 that operates three funds focused on early-stage and secondary investments across Iceland, the United States, the United Kingdom, and Scandinavia. The firm is owned by Icelandic pension funds and manages venture and private equity assets.
Source: firm website, verified Aug 7, 2026.
Team · 2 people
from the firm's website & public directories
What they invest in
from 7 of 8 portfolio companiesAI & Machine Learning ×2Cleantech ×2Crypto & Web3 ×2Cybersecurity ×2Enterprise Software ×2Media & Entertainment ×2Climate Tech ×1Cloud Computing ×1
HQs:Iceland×2
Investments · 8 tracked
founders shown can be your intro path
Fenris Creations (originally Loki margmiðlun) is a video game developer and publisher of interactive entertainment, known for the online game EVE Online launched in 2003.
ConsumerGamingMedia & EntertainmentReykjavik, IS
Co-investorsa16z cryptoBitkraft Esports VenturesEmfarsisNew Enterprise Associates (NEA)Andreessen HorowitzGeneral Catalyst
Datactics provides data quality, matching, and data readiness solutions for regulated industries including financial services, public sector, and enterprises.
Data & InfrastructureEnterprise SoftwareGovTech
Co-investorsClarendon Fund Managers Ltd.Kickstart Innovation
Resiliant provides passwordless digital identity verification and access management using patented IdNFT technology and private permissioned blockchain, storing identity credentials on the user's own device rather than central servers.
Crypto & Web3CybersecurityEnterprise Software
Resiliant provides passwordless, decentralized digital identity verification and access management using its patented IdNFT technology, which stores identity credentials on the user's own device via private permissioned blockchain rather than central servers.
AI & Machine LearningCrypto & Web3Cybersecurity
Co-investorsAvestix Group
Theater Mogul produces, licenses, and manages live theatrical shows ranging from one-man comedy acts to full musical comedies, working with producers internationally.
Media & Entertainment
Frequently asked questions
- How many investments has Thule Investments made?
- Thule Investments has 8 tracked investments.
- What stage does Thule Investments invest at?
- Thule Investments invests at the Growth stage.
- What is Thule Investments's typical check size?
- Thule Investments typically writes checks of $2M – $10M.
- What sectors does Thule Investments focus on?
- Thule Investments focuses on Sector Agnostic.
- Where is Thule Investments located?
- Thule Investments is headquartered in Reykjavík, IS.
- Who does Thule Investments co-invest with?
- Thule Investments most often shares deals with a16z crypto, Bitkraft Esports Ventures, Clarendon Fund Managers Ltd., among 7 tracked co-investors.
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