Norrsken VC

Norrsken VC is a Stockholm-based impact venture capital fund dedicated to backing startups that not only aim for significant commercial success but also actively solve pressing global problems. Launched from the Norrsken Foundation, the fund seeks to identify and support the next generation of 'impact unicorns' – companies valued at over $1 billion that demonstrably contribute to a better world. Their investment thesis centers on the belief that the most profitable businesses of the future will be those addressing critical societal and environmental challenges.

The fund primarily focuses on Seed and Series A investment rounds, providing crucial early-stage capital to promising ventures. Norrsken VC successfully closed its inaugural fund at €130 million (approximately $140 million USD) in May 2022. This significant capital pool is backed by a diverse group of investors, including institutional players like SEB, KfW Capital, and the European Investment Fund (EIF), alongside a network of leading tech entrepreneurs who share their vision for impact-driven innovation.

Norrsken VC's investment strategy is broad yet focused on specific impact themes. They actively seek opportunities within areas such as climate tech, health tech, edutech, food tech, financial inclusion, and initiatives promoting democracy and human rights. Their typical initial investment, or first cheque, ranges from €1 million to €5 million (approximately $1.08 million to $5.4 million USD), allowing them to provide substantial support to their portfolio companies as they scale. The fund emphasizes a hands-on approach, leveraging its network and expertise to help founders achieve both their financial and impact goals.