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Fund profile

Norrsken VC

Norrsken VC

Sweden

Not leading

About

Norrsken VC is a prominent European venture capital firm focused on impact investing, founded in 2017 in Sweden. The firm supports startups that address significant global challenges while aiming for substantial financial returns. Norrsken VC specializes in sectors such as climate tech, energy, biotech, AI, and health tech, ensuring each investment aligns with the UN Sustainable Development Goals (SDGs)​​. Norrsken VC's portfolio includes high-impact companies like Northvolt, a battery manufacturer; Einride, which develops electric autonomous transport; and 1KOMMA5°, focused on sustainable energy solutions. These companies exemplify Norrsken's commitment to backing startups that positively impact both people and the planet​. The firm recently closed its second fund at €320 million, surpassing its original target of €250 million, making it the largest early-stage generalist impact fund in Europe. This fund is supported by major institutional investors, including Folksam, AP1, and the European Investment Fund (EIF), and aims to empower "force of nature" founders to create impact unicorns​. Norrsken VC's team comprises experienced venture capitalists and industry experts, including General Partners Niklas Adalberth, Tove Larsson, Agate Freimane, and David Frykman. The team is dedicated to finding visionary founders across Europe who share their passion for creating a better future through innovative solutions​.

Details

Average check

$100K-$500K
$1M-$3M
$3M-$10M
$10M-$50M
$0-$100K
$500K-$1M

Round

Pre-Seed
Seed
Series A
Series B
Series C+
Venture Round

Previous Investments

Biotech
CleanTech & Sustainability
Consumer Goods & Electronics
Data & Analytics
E-commerce & Retail
Energy & Utilities
Fashion & Apparel
Food & Beverage
Hardware. Robotics & IoT
Healthtech & Wellness
Natural Resources
Other
Pharma
Real Estate & Proptech
Software & Apps

Geo focus

Europe

Highlights

$3.5M

Historical average check

$150M

Historical max check

January 2025

Last investment date

86

Investments

Fashion & Apparel

Data & Analytics

Software & Apps

Real Estate & Proptech

Pharma

Biotech

Healthtech & Wellness

Hardware. Robotics & IoT

Energy & Utilities

Natural Resources

Food & Beverage

E-commerce & Retail

Consumer Goods & Electronics

CleanTech & Sustainability

Other

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Contacts

Website

norrsken.vc

Email

info@norrsken.vc

Social

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