Valka raises capital, NSA Ventures and Frumtak exit the company

NSA Ventures and Frumtak have sold their 37% share in food processing tech company Valka. New shares were also issued in the transaction, to current shareholders. The shares were sold to a group of current investors – Fossar, Vogabakki, Vortindur (the holding company of founder Helgi Hjálmarsson), and other investors.

The price the investment funds got for their share remains undisclosed. However, Huld Magnúsdóttir, CEO of NSA Ventures commented to Morgunblaðið that the investment had turned a profit and been “very good” for NSA Ventures. NSA Ventures invested in Valka in 2008. Frumtak joined the shareholder group in 2011.