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430 Frumtak Ventures closes €80.3 million fourth fund to champion Icelandic innovation

EU-Startups
Stefano De Marzo @ EU-Startups 2 place · 07/10/2024 03:36 EDT

Frumtak Ventures closes €80.3 million fourth fund to champion Icelandic innovation

Iceland-founded early-stage investor Frumtak Ventures has raised a €80.3 million fourth fund, Frumtak IV, in a single close. The fund was oversubscribed and is a successor to 2021’s €52.6 million Frumtak III. Frumtak Ventures’ high-conviction, concentrated investment philosophy is based on backing entrepreneurs solving difficult real-world problems using cutting-edge technologies, unafraid of combining software and ...

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