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

The Next Web
By Ioanna LykiardopoulouJul 10, 2024, 9:06 am240 pts
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…

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