is unveiling a $5 million investment fund and coaching program to help grow tech startups in .

Reykjavík-based Iceland Venture Studio has raised more than $1 million of the fund and is now in the process of raising the remainder, said Bala Kamallakharan, founder and CEO of both Iceland Studio Venture and Startup Iceland, in an email to VentureBeat.

I enjoyed visiting Iceland, a steamy land with volcanic spas. But it’s also hot for startups. Iceland

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