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Private Equity
thuleinvestments.is

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Investments

18

Portfolio Exits

3

Funds

2

About Thule Investments

Thule Investments is a private equity and venture fund management company. Founded at the end of 2003 by Straumur-Burdaras Investment Bank to hold and manage its venture and other privately held assets, the shareholders now include a number of Icelandic pension funds. Thule Investments currently manages two funds, Bru Venture Capital and Bru II Venture Capital Fund S.C.A. SICAR. The portfolios include assets in Iceland, USA, UK and Scandinavia. The company invests in post-seed stage companies in Iceland, Europe, and the east coast U.S.

Thule Investments Headquarter Location

Kringlunni 7 10th Floor

Iceland

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Thule Investments Investments

18 Investments

Thule Investments has made 18 investments. Their latest investment was in Theriak as part of their Growth Equity on June 6, 2010.

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Thule Investments Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/30/2010

Growth Equity

Theriak

$0.61M

No

1

5/17/2010

Series E - III

Cyntellect

$6M

No

3/19/2010

Series E - II

Cyntellect

$3M

No

11/17/2009

Unattributed VC

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$99M

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10

3/19/2009

Unattributed

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$99M

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0

Date

6/30/2010

5/17/2010

3/19/2010

11/17/2009

3/19/2009

Round

Growth Equity

Series E - III

Series E - II

Unattributed VC

Unattributed

Company

Theriak

Cyntellect

Cyntellect

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Amount

$0.61M

$6M

$3M

$99M

$99M

New?

No

No

No

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Co-Investors

Sources

1

10

0

Thule Investments Portfolio Exits

3 Portfolio Exits

Thule Investments has 3 portfolio exits. Their latest portfolio exit was Muzicall on October 28, 2013.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/28/2013

Acquired

$99M

1

8/17/2011

Acquired - II

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$99M

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0

7/7/2008

Acquired

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$99M

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0

Date

10/28/2013

8/17/2011

7/7/2008

Exit

Acquired

Acquired - II

Acquired

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

1

0

0

Thule Investments Acquisitions

1 Acquisition

Thule Investments acquired 1 company. Their latest acquisition was Cadec Global on February 13, 2006.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

2/13/2006

Other

$99M

$4M

Acquired

Date

2/13/2006

Investment Stage

Other

Companies

Valuation

$99M

Total Funding

$4M

Note

Acquired

Sources

Thule Investments Fund History

2 Fund Histories

Thule Investments has 2 funds, including Bru II Venture Capital Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/6/2007

Bru II Venture Capital Fund

Early-Stage Venture Capital

Closed

$46.88M

1

12/31/2003

Bru Venture Capital Fund

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10

Closing Date

2/6/2007

12/31/2003

Fund

Bru II Venture Capital Fund

Bru Venture Capital Fund

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$46.88M

Sources

1

10

Thule Investments Team

4 Team Members

Thule Investments has 4 team members, including current Chief Executive Officer, Gã­sli Hjã¡lmtã½sson.

Name

Work History

Title

Status

Gã­sli Hjã¡lmtã½sson

Chief Executive Officer

Current

Gisli Hjalmtysson

Chief Executive Officer

Current

Linda Metãºsalemsdã³ttir

Chief Financial Officer

Current

Linda Metusalemsdottir

Chief Financial Officer

Current

Name

Gã­sli Hjã¡lmtã½sson

Gisli Hjalmtysson

Linda Metãºsalemsdã³ttir

Linda Metusalemsdottir

Work History

Title

Chief Executive Officer

Chief Executive Officer

Chief Financial Officer

Chief Financial Officer

Status

Current

Current

Current

Current

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