Frumtak Ventures' fourth fund has raised $84 million, focusing on the intersection of AI and deep technology

The fourth fund of Frumtak Ventures, the Icelandic early-stage investor, has been oversubscribed, raising a total of $84 million.
Frumtak Ventures hopes to use the fourth fund to further invest in the intersection of software, artificial intelligence and deep technology, focusing on Iceland's historical strengths in marine technology, logistics, healthcare, tourism, energy, climate and gender equality.