Comment on Icelandic VC closes $87M fund as country’s startup scene comes of age

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.

 

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