Icelandic VC closes $87M fund as country’s startup scene comes of age
Amid increasing interest in Iceland’s tech ecosystem, Reykjavik-based Frumtak Ventures has closed a $87M fund aimed at local startups. This is the venture capital firm’s fourth fund, following a €57mn predecessor in 2021. While sector-agnostic, Frumtak Ventures has so far mostly invested in B2B SaaS startups at the seed or Series A stage. The new fund will focus on the intersection of AI, software, and deeptech. It will especially target historically strong industries in Iceland, such as ocean tech... Читать дальше...