Thule Investments

Thule Investments is an asset management firm based in Reykjavik, Iceland, founded in 2003. The firm specializes in managing venture capital and private equity funds, including Bru Venture Capital ehf, Bru II Venture Capital Fund S.C.A. SICAR, and Bru Fasteignir (Realty). Thule Investments targets post-seed stage investments in various sectors, focusing primarily on companies located in Iceland, Europe, and the east coast of the United States.

Gísli Hjálmtýsson

CEO, Partner

Past deals in Iceland

Borealis Data Center

Venture Round in 2017
Borealis Data Center ehf. is a Reykjavik-based company that specializes in operating sustainable data centers. It focuses on providing data center facilities powered by renewable, clean, and carbon-free energy. Borealis offers long-term energy contracts, allowing clients to secure energy prices for over ten years, which helps them achieve their sustainability goals while maintaining predictable and economical operational costs. The company's infrastructure incorporates power usage effectiveness (PUE) indicators, which enhance its commitment to sustainable computing and secure data backup solutions.
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