Nordic Secondary Fund invests in DTE

Nordic Secondary Fund has invested in DTE. The Fund has acquired common shares from a selected group of DTE’s initial shareholders for $2.4M. This is the first investment in Iceland, from the first and only Fund in the Nordics to invest exclusively in secondary.

Henrik Juul from Nordic Secondary Fund and Karl Ágúst Matthíasson CEO of DTE

“I am extremely proud and happy for some of our earliest common shareholders to finally be rewarded for supporting DTE, having been with us right from the beginning,” says Karl Matthíasson, CEO and one of the two founders of DTE. “This investment also reflects a profound belief in DTE’s mission to revolutionize the metals production industry.”
 
Peter Sandberg, Founding Partner of Nordic Secondary Fund, states: “We are very proud to join as investors in DTE, as we have been in dialogue with Karl for over two years, waiting to buy Secondaries from existing shareholders seeking liquidity. We believe that the business area in which DTE operates is exciting. In connection with its latest external funding round this year, the company has strengthened its already strong investor base with names such as Novelis, Metaplanet, and European Innovation Council applicant support. It is thus in a perfect position prepared for the onward journey.”