Thule Investments

Thule Investments, established in 2003, is a private equity firm headquartered in Reykjavik, Iceland. The company specializes in managing venture capital and private equity funds, with a focus on investing in companies across Iceland, Europe, and the East Coast of the United States.

Gísli Hjálmtýsson

CEO

6 past transactions

Delta Mining

Seed Round in 2022
Delta Mining is a Latam-based bitcoin mining and Data Center colocation services company, utilizing exclusively green power. Bitcoin Mining and Colocation services, utilizing 100% green energy, operating in Paraguay and Brazil

RESILIANT

Seed Round in 2021
RESILIANT is an Identity Credential Access Management (ICAM) SaaS solution designed to deliver proactive cybersecurity solutions for government and businesses. RESILIANT ID is our authentication and digital identity product. An integral part of RESILIANT ID is the IdNFT™, a proprietary blockchain based Digital Identity that utilizes advanced facial liveness detection. This enables RESILIANT to verify that the individual is a real person. Once the individual’ s identity is authenticated, they can connect and access the right applications and services at the right time, and for the right reason. RESILIANT is also combining ICAM with End-to-End Zero Trust. The model provides an unmatched solution to federal agencies and large enterprises that none of the current VPNs and firewalls can deliver.

Borealis Data Center

Venture Round in 2017
Borealis Data Center is a company based in Reykjavik, Iceland, that specializes in operating sustainable data centers. It focuses on building facilities powered by renewable, clean, and carbon-free energy sources. The company utilizes power usage effectiveness (PUE) indicators to provide sustainable computing services and secure backups. By entering into long-term energy contracts, Borealis Data Center enables its clients to achieve their sustainability objectives while ensuring predictable and economical operational costs.

Muzicall

Series B in 2009
Muzicall is a provider of ringback tone (RBT) services tailored for mobile operators and media companies. Founded in 2004 and headquartered in London's Soho, the company aims to optimize the brief sound experience during telephone call setups, focusing on the average 15-second duration. Muzicall offers a comprehensive suite of services, including licensed content catalogues, white-label solutions, and billing services for retailers. Additionally, it specializes in the design, integration, and management of RBT technology platforms, as well as alert and portal management. By partnering closely with its clients, Muzicall invests in marketing and systems to enhance revenue growth and sustainability for its partners, leveraging a team of specialists in telecom, music, consumer engagement, and marketing.

Datactics

Venture Round in 2008
Datactics Ltd., founded in 1997 and based in Belfast, United Kingdom, specializes in developing data quality and matching software aimed at enhancing big data management across various sectors, including banking, finance, government, and healthcare. The company offers the Datactics Data Quality Suite, which includes features such as FlowDesigner for designing data quality processes and DQM for automating these processes. These tools allow business users to visualize and rectify data issues without relying solely on IT departments, thereby streamlining data management tasks like regulatory reporting, compliance, and adherence to anti-money laundering and Know Your Customer guidelines. Datactics focuses on equipping its clients with the means to continuously improve their data quality and to utilize their data assets efficiently, reducing common bottlenecks associated with traditional data management approaches.

Voice Commerce

Private Equity Round in 2008
Voice Commerce is a financial services Group delivering a wide range of payment services.
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