Thule Investments

Thule Investments is an asset management firm based in Iceland, established in 2003. The firm specializes in managing venture capital and private equity funds, focusing on post-seed stage investments. Currently, it oversees several active funds, including Bru Venture Capital ehf, Bru II Venture Capital Fund S.C.A. SICAR, and Bru Fasteignir, which is dedicated to real estate. Thule Investments targets opportunities in companies located in Iceland, Europe, and the east coast of the United States.

Björn Brynjúlfsson

Venture Partner

Gisli Hjálmtýsson

CEO

Linda Metúsalemsdóttir

CFO

Jean Francois Regnauld

Partner

Jean-Francois Regnauld

Partner

Sigurður Sævarsson

Partner

Past deals in Iceland

Borealis Data Center

Venture Round in 2017
Borealis Data Center is a Reykjavik-based company that operates sustainable data centers powered by renewable energy. The firm focuses on building facilities that utilize clean, carbon-free energy sources, ensuring high power usage effectiveness (PUE) for efficient operations. Borealis offers long-term energy contracts, allowing clients to secure energy at a fixed price for over a decade, which helps them achieve their sustainability objectives while maintaining predictable and economical operational costs. Through its commitment to renewable energy services, Borealis Data Center provides innovative solutions for secure data management and backups, aligning with the growing demand for environmentally responsible computing services.