Thule Investments
Venture capitalReykjavík · Growth · 2 people tracked
Find your way into Thule Investments
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 ×3Enterprise Software ×3Cleantech ×2Crypto & Web3 ×2Cybersecurity ×2Data & Infrastructure ×2Fintech ×2Media & Entertainment ×2
HQs:Iceland×4United Kingdom×1
Investments · 8 tracked
founders shown can be your intro path
Borealis Data Center provides colocation and data center services in Iceland and Finland, offering customized infrastructure solutions for organizations requiring compute and IT resources with emphasis on energy efficiency and sustainability.
AI & Machine LearningCleantechCloud ComputingData & InfrastructureReykjavik, IS
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+3 more
.png)
CRI is an energy technology company with expertise in chemical and syngas industries, sustainable energy systems, and process design.
CleantechClimate TechDeep TechEnergyReykjavik, IS
Sindri Sindrason(Board Member (former Chairman 2007-2016, former CEO until 2019))in
Co-investorsEquinor Ventures
Datactics provides data quality and matching capabilities through a cloud-enabled platform designed for master data management and digital transformation programmes.
AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechGovTechSaaSBelfast, GB
Co-investorsClarendon Fund Managers Ltd.Kickstart InnovationKernel Capital
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 identity verification for loan companies and pawn stores using a cryptographic identity token (IdNFT) stored on customer phones, replacing paper ID and manual checks across online and in-store touchpoints.
AI & Machine LearningCrypto & Web3CybersecurityDigital HealthEnterprise SoftwareFintechSaaS
Marc Duthoit(Chief Executive Officer)inEric Eva-Candela(Chief Technology Officer)in
Co-investorsAvestix Group
Theater Mogul produces theatrical productions and stages shows across multiple continents, serving audiences worldwide through regional offices in Iceland, Germany, the United States, and India.
Media & EntertainmentHafnarfjordur, IS
Signy(Founder, Marketing & Chairman of Board)Sigyn(Founder, Accounts)Oskar(CEO – Executive Producer)
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Voicecommercegroup
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.
Similar investors
3TS Capital Partners is a private equity and venture capital investor focused on technology and technology-enabled companies, notably in Central and Eastern Europe.
8VC is a venture capital firm investing across logistics, life sciences, healthcare, IT infrastructure, and government/defense, guided by its Smart Enterprise thesis focused on data integration and platform network effects.
Accel is a venture capital firm that partners with exceptional teams, positioning itself as a first partner to founders globally.
AirTree Ventures runs Pathfinders, a free four-week in-person program in Sydney for young builders (high-school graduates up to age 23) to work on a real product, access the AirTree team and founders, and build a peer network.
Andreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz, known for pioneering the platform model with a large team of operators supporting founders across stages.