# Foobar Management

Foobar Management is a Single Family Office based in Reykjavik, Iceland.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Reykjavik, Iceland
- **Region:** Europe
- **Address:** Lækjargata 2, 2nd floor, 101 Reykjavik, Iceland
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** foobar.vc
- **LinkedIn:** https://www.linkedin.com/company/foobar-vc

## Regulatory record

- **Reports private funds:** No

## About

Foobar Management ehf. was established in 2012 by David Helgason. The firm serves as the primary vehicle for managing wealth generated from his role at Unity Technologies. It operates from a single headquarters in central Reykjavik. The firm allocates across ClimateTech, Energy Transition & Renewables, and real estate. It executes through direct co-investments, SPVs, fund-of-funds commitments, and philanthropic vehicles. Confirmed holdings include the Nesvík mixed-use site 30 km from Reykjavik and the S3 residential portfolio in the capital area. Activity centers on Europe with primary deployment inside Iceland. The team includes Benjamin Ratz as Chief Operating Officer, Valdimar Ólafsson as Real Estate Manager, and Lísa Vokes-Pierre as Finance Director. Foobar maintains Transition Labs as an adjacent philanthropic structure and participates in Founders Pledge. No additional offices are disclosed. Foobar's structure ties investment decisions directly to the founding principal's climate mandate rather than external mandates or broad multi-family mandates. Capital deployment remains concentrated in early-stage technology and Icelandic real assets.

## Sectors

- ClimateTech
- Energy Transition & Renewables

## People

- David Helgason — Founder

## Questions

### Who runs investment decisions at Foobar Management?

David Helgason sets the investment direction as founder. Benjamin Ratz supports operations as Chief Operating Officer.

### How does Foobar Management source proprietary deal flow?

The firm draws on David Helgason's network from Unity Technologies and climate-focused events hosted in Reykjavik.

### Does Foobar Management participate in fund commitments or only direct deals?

The firm uses both direct co-investments in startups and fund-of-funds commitments alongside philanthropic allocations.

### What investment stages does Foobar Management typically target?

Activity centers on startup-stage companies in climate technology.

### Does Foobar Management maintain philanthropic structures?

Yes. Transition Labs serves as the primary philanthropic vehicle and David Helgason participates in Founders Pledge.

## Related profiles

- [FONS Family Office Network Service](https://altss.com/profile/fons-family-office-network-service)
- [FORCE Family Office](https://altss.com/profile/force-family-office)

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Last updated: 2026-06-03T20:00:00.000Z

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