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Thule Investments

Venture capital

Reykjavík · Growth · 2 people tracked

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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.

Invests inSector AgnosticEuropeUnited States

Source: firm website, verified Aug 7, 2026.

Stage
Growth
Check
$2M – $10M
HQ
Reykjavík, IS
Instruments
Equity
Founded
2003
AUM
$90M
Tracked investments
8

Team · 2 people

from the firm's website & public directories

What they invest in

from 7 of 8 portfolio companies

AI & Machine Learning ×2Cleantech ×2Crypto & Web3 ×2Cybersecurity ×2Enterprise Software ×2Climate Tech ×1Cloud Computing ×1Data & Infrastructure ×1

HQs:Iceland×2

Investments · 8 tracked

founders shown can be your intro path
Bdcbdc.isin

Borealis Data Center operates colocation and AI/HPC data center facilities powered entirely by renewable energy, aimed at customers running high-density, high-availability computing workloads.

AI & Machine LearningCleantechCloud Computing

CCP Gamesccpgames.comin𝕏

Fenris Creations develops and operates EVE Online, a massively multiplayer online game launched in 2003.

GamingReykjavik, IS

Cricri.isin

Carbon Recycling International develops and licenses ETL technology that converts captured CO₂ and hydrogen into sustainable methanol at commercial scale.

CleantechClimate TechEnergy

Datacticsdatactics.comin𝕏

Datactics provides data quality, matching, and data readiness solutions for regulated industries including financial services, public sector, and enterprises.

Data & InfrastructureEnterprise SoftwareGovTech

Idplizzidplizz.com

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

Resiliantresiliant.com

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

Theatermogultheatermogul.com

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

Voicecommercegroupvoicecommercegroup.com

Frequently asked questions

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.

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