foobar.vc

Overview

Family office of David Helgason, supporting scalable solutions to the global warming crisis. Based in Reykjavik, Iceland, foobar.vc is a venture capital and direct investment firm that provides capital to technology startups with a specific focus on accelerating global decarbonization and sustainability. The firm operates Transition Labs, a dedicated initiative designed to develop processes and deploy climate technology solutions at scale to address the ongoing global climate crisis. The organization's leadership team includes Chief Operating Officer Benjamin Ratz, who previously worked at Nordic Makers, and Finance Director Lísa Vokes-Pierre. While specific assets under management and portfolio sizes remain undisclosed, the firm leverages the extensive operational experience of its leadership, who have collaborated closely over the past two years to identify promising sustainable ventures. The investment firm was founded by Icelandic entrepreneur and climate investor David Helgason, who previously co-founded the major software company Unity Technologies in 2003. foobar.vc has more than 26 tracked investments across 26 companies. The latest tracked deal is $23.0M Series A in Flow Engineering in October 2025. The firm's portfolio includes companies such as Fractal 5, Varjo, HelixNano, Climate Capital, 1910 Genetics, RefaceAI, Lockwood, Monerium, Voyager, and Vitro Labs. These investments span various sectors, including FinTech, Drug Technology, Virtual Hardware, Investment Design, BioTech, Artificial Intelligence, and Software. foobar.vc's investment strategy focuses on early-stage ventures, particularly in the Seed and Early Stage phases, with investments ranging from $1.5 million to $5 million. The firm's geographical focus includes Iceland, Finland, the United States, the United Kingdom, and Canada, reflecting a commitment to supporting innovative solutions to the global warming crisis across multiple regions.