New Icelandic Venture Studio Aims to Fund Companies Who Provide Decentralized Solutions
Iceland Venture Studio, a new studio in Reykjavik, Iceland has announced that they are pursuing to fund companies that provide decentralized solutions in sectors like energy, logistics, health and more.
They have bought together a toolbox for founders of companies with what they call a Developer’s Ecosystem. The Developer’s Ecosystem is a growing multi-disciplinary team of developers, designers, marketers, analysts, scientists and operators who are passionate about solving hard problems and building companies.
Building a company is hard, especially if you are a first-time founder, a scientist or a technologist. They have had the opportunity to work with a number of Founders and Entrepreneurs who have also built a global network of investors, mentors, advisors, and operators with the same obsession as ourselves in helping founders step up to the next mega-trend.
“Personal data, privacy, and security are acknowledged mega-trends that are ready for decentralization. We believe in investing in founders and companies who understand and are accelerating the adoption of this technology shift to leverage customer centricity. We believe the next generation of founders and companies that are changing the nature of data capture, processing, interactivity and algorithmic development of value with the human-machine interaction will lead us into the age of AI and AR,”
said co-founder Bala Kamallakharan.
The blockchain is not the ultimate technology requirement for considerations of the grant. Although it helps the portfolio. In the beginning, they have decided to fund RetinaRisk, 50Skills, and FLOWVR.
“We understand exponential growth and power-law distributions. We don’t want the founders to walk alone in that journey. We are founders in our own right; we think founders have the uncanny ability to see the future when many do not and to see value where no one sees the value that is true strength,” said the team on their website.