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Norrsken VC is a venture capital firm founded in 2017 in Sweden by four individuals committed to impact investing. It operates as the venture capital arm of the non-profit Norrsken Foundation, which aims to direct capital towards entrepreneurs building impactful businesses. The firm has raised a total of $345 million across its funds, with a focus on aligning investments with the United Nations' 17 Sustainable Development Goals (SDGs).
Currently, Norrsken VC manages a portfolio of 50 companies, reflecting its active engagement in the startup ecosystem. The firm is classified as an SFDR Article 9 or 'Dark Green' fund, indicating that all investments are tied to measurable impact goals. Norrsken VC's headquarters is located in Stockholm, Sweden, and it operates primarily in Europe while maintaining a global reach.
Notable milestones include the backing of numerous early-stage startups across various sectors, showcasing the firm's commitment to addressing significant societal challenges through innovative solutions. Norrsken VC's approach emphasizes both financial performance and positive societal impact, helping startups scale effectively while tackling global issues.
Norrsken VC invests in early-stage startups across a diverse range of sectors, including climate, healthcare, fintech, energy, artificial intelligence, and consumer products. The firm targets companies at various stages of development, specifically Pre Seed, Seed, Seed Plus, Series A, and Series B. Norrsken VC's investment strategy is centered around supporting entrepreneurs who are addressing significant societal issues while building scalable businesses.
The firm emphasizes a pragmatic approach to impact investing, seeking both financial returns and measurable societal outcomes. Norrsken VC is particularly focused on sectors that align with the UN's Sustainable Development Goals, including education, electrification, energy efficiency, sustainable data/AI, sustainable food systems, and transportation. This alignment ensures that all investments contribute positively to global challenges.
Check sizes typically range from early-stage investments to larger rounds as companies progress, although specific figures are not disclosed. Norrsken VC's geographic focus is primarily on Europe, but it also considers opportunities globally, reflecting its commitment to impactful innovation.
Norrsken VC's portfolio includes a diverse array of companies that are making significant strides in their respective fields. Notable companies include:
This diverse portfolio reflects Norrsken VC's commitment to investing in companies that address pressing global challenges while achieving financial success.
To pitch to Norrsken VC, founders should visit their website at norrsken.vc. The pitch deck should include a clear overview of the business model, market analysis, and how the startup aligns with impact goals. Norrsken VC prefers pitches that demonstrate a strong understanding of the problem being addressed and the potential for scalable solutions.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are beneficial but not mandatory.
Norrsken VC has been actively building its portfolio, which currently includes over 50 companies. The firm has recently backed several early-stage AI startups in Europe through its €320 million Fund II, which closed in 2023. This fund is part of the broader Norrsken ecosystem, which has raised over $750 million across five funds.
In addition to its investment activities, Norrsken VC is recognized as a leading early-stage impact investor in Europe, classified as an SFDR Article 9 fund. The firm has been featured in various publications, including Hello Tomorrow and ImpactAlpha, highlighting its commitment to sustainability and impact investing.
What are Norrsken VC's investment criteria?
Norrsken VC invests in early-stage startups that align with the United Nations' Sustainable Development Goals. The firm focuses on sectors such as climate, healthcare, fintech, energy, AI, and consumer products. They seek companies that address significant societal issues while demonstrating potential for financial returns.
How can I apply or pitch to Norrsken VC?
Founders can pitch their ideas through the Norrsken VC website at norrsken.vc. It is advisable to include a clear business model, market analysis, and how the startup aligns with impact goals in the pitch deck.
What makes Norrsken VC different from other investors?
Norrsken VC is recognized as a leading early-stage impact investor in Europe, classified as an SFDR Article 9 fund. This classification ensures that all investments are tied to measurable impact goals, distinguishing it from traditional venture capital firms.
What is Norrsken VC's geographic scope?
The firm primarily focuses on investments in Europe but is open to global opportunities that align with its impact investment strategy.
What kind of post-investment involvement does Norrsken VC have?
Norrsken VC adds value to its portfolio companies by leveraging its extensive network within the Norrsken ecosystem, providing strategic guidance, and ensuring alignment with impact goals. The firm focuses on both financial performance and measurable societal impact.
What is the typical fund size and check size for Norrsken VC?
Norrsken VC has a fund size of $345 million, with investments typically made at various stages from Pre Seed to Series B. Specific check sizes are not disclosed but vary based on the stage of investment.
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