Foobar Management
Reykjavik-based long-term investment company of Unity co-founder Davíd Helgason, investing mainly through funds, and directly in climate via Transition Labs.
USEFUL FOR Fund managers raising capital · Founders · Business owners seeking a long-term partner · Co-investors
Family & background
- HEADQUARTERS
- Reykjavik, Iceland
- FOUNDED
- 2012
Investment approach
- GEOGRAPHY
- EuropeNorth America
- STAGES
- Pre-SeedSeedSeries ASeries BGrowth
- ROUTES
- Direct investments · Funds (as LP)
- STRATEGIES
- Venture capitalFunds (as LP)Direct investments
Overview
Foobar Management ehf. (Reykjavik) is the long-term investment company of Icelandic entrepreneur Davíd Helgason, co-founder and former CEO of Unity. It invests across private markets mainly through funds and sometimes directly, in technology, climate and resilience; direct climate investments are made through Transition Labs, led by Kjartan Ólafsson. It says it invests on both sides of the Atlantic with a long-term horizon.
Investment thesis
Backs founders at all stages working on the shift from a carbon-based to a sustainable economy, the emergence of the virtual economy and resilience, with patient long-term capital on both sides of the Atlantic.
Holdings & investments
INVESTMENT ARMS & VEHICLES
- Transition LabsInitiative to accelerate the transition to a climate-positive future by deploying climate solutions at scale; vehicle for Foobar's direct climate investments
People
- Davíd HelgasonFounder and CEO; board member · source
- Benjamin RatzCOO; board member · source
- Lísa Vokes-PierreFinance director · source
- Valdimar ÓlafssonReal estate manager · source
- Kjartan ÓlafssonCEO of Transition Labs · source
- Ari HelgasonBoard member · source
- Ryan McDermottBoard member · source
- Jón Elvar GuðmundssonBoard member · source
Classification
Single Family Office. Manages one family's own capital, with no outside investors. The family bears every loss. How family capital is classified →
FAQ
Foobar Management is a single family office based in Reykjavik, Iceland, founded in 2012.
Foobar Management invests directly in companies and in third-party funds as an LP. Its stated asset mix includes venture capital, funds (as lp) and direct investments.
Foobar Management invests at Pre-Seed, Seed, Series A, Series B and Growth stages in Climate & Energy, Artificial Intelligence and Software & SaaS.
Key people at Foobar Management include Davíd Helgason (Founder and CEO; board member), Benjamin Ratz (COO; board member), Lísa Vokes-Pierre (Finance director) and Valdimar Ólafsson (Real estate manager).