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, Partner

Past deals in Iceland

Borealis Data Center

Venture Round in 2017
Borealis Data Center is a sustainable data center operator located in Reykjavik, Iceland. The company focuses on constructing data centers powered by renewable, clean, and carbon-free energy. By utilizing power usage effectiveness (PUE) indicators, Borealis provides sustainable computing services and secure data backups. The firm also establishes long-term energy contracts, which assist clients in achieving their sustainability objectives while ensuring predictable and economical operational costs.
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