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

Published on July 10, 2024

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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