Norrsken VC
Norrsken VC is a Swedish non-profit impact VC platform operating five investment funds (>$700M raised) and five physical co-working hubs across Europe and Africa, serving impact-driven founders and investors tackling climate, health, food, and social challenges.
- Company typePrivate
- Founded2017
- HeadquartersStockholm, Sweden
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Norrsken VC does
Norrsken VC is the impact-focused venture capital arm of the Norrsken Foundation, a Swedish non-profit foundation founded by Niklas Adalberth, co-founder of Klarna. The platform operates five distinct investment funds—Norrsken VC (Europe early-stage), Norrsken Launcher (pre-seed/seed, deep operational support for science-based founders), Norrsken Evolve (pre/early seed for European sustainable future founders), Norrsken 22 (Series A-C growth capital for African tech), and Norrsken Africa Seed (pre-seed/seed for African founders)—collectively raising >$700M USD. It serves impact-driven founders building companies addressing climate, health, food systems, and social challenges, alongside impact investors seeking quality deal flow and policymakers engaging with the innovation ecosystem, supported by initiatives including Norrsken/100, Impact/Week, Africa Week, Fixathon, and Prompt What Matters.
The ecosystem extends beyond capital deployment through Norrsken Houses, physical co-working spaces and members clubs in Stockholm, Barcelona, Kigali, Brussels, and Amsterdam (opening 2026), which provide workspace, community, mentorship, and network access. According to the 2025 Norrsken VC Impact Report, the NVC 1 portfolio reached 344% of long-term impact targets and NVC 2 reached 262% of 2025 targets, with 393 jobs created across the portfolio. Membership tiers range from EUR 35 day passes to Club, Fixed, Flex, and Private Office subscriptions billed annually.
Revenue mechanics combine three streams: recurring membership fees from House operations (annual subscriptions across multiple tiers), managed-services economics from fund investment returns across the five funds, and partner contributions/donations supporting non-profit foundation operations. Go-to-market relies on ecosystem-led deal sourcing through Houses, events (Impact/Week, Fixathon, Africa Week), and the broader network of 6,000+ founders, 2,000+ investors, 150+ portfolio companies, and 65,000+ community newsletter subscribers.
Norrsken VC firmographics
Firmographics- Name
- Norrsken VC
- Legal name
- Norrsken Foundation
- Website
- https://norrsken.org
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Norrsken VC is a Swedish non-profit impact VC platform operating five investment funds (>$700M raised) and five physical co-working hubs across Europe and Africa, serving impact-driven founders and investors tackling climate, health, food, and social challenges.
- Ownership category
- akta.pro rank
Norrsken VC industry classification
Industry- Product category
- Impact Venture Capital
- NAICS
- Other Financial Vehicles (52599), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- SDG / Thematic Sustainable Investment Funds (FSANAJAN)
- akta.pro secondary industry
- Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG)
Keywords
Where Norrsken VC is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices5 records
Markets served
Norrsken VC business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Membership fees: Norrsken Houses generate revenue through membership fees for co-working spaces and community access in Stockholm, Barcelona, Kigali, Brussels, and Amsterdam locations.
- Fund investment returns: Returns from the five Norrsken funds (Norrsken VC, Norrsken Launcher, Norrsken Evolve, Norrsken 22, Norrsken Africa Seed) backing exceptional entrepreneurs who combine profit with positive global impact.
- Partner contributions and donations: Additional funding through partner contributions and donations to support the non-profit foundation's operations and initiatives.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Club Member - Individual access to impact community |
| Subscription | Annual | Fixed Member - Dedicated desk for individuals or teams |
| Subscription | Annual | Flex Member - Open-plan workspace access |
| Subscription | Annual | Private Office - Team workspace |
| Subscription | Pay-as-you-go | Day Pass - Single day access |
| Subscription | Annual | Fixed Member - Brussels dedicated desk |
| Subscription | Annual | Flex Member - Brussels hot-desking |
| Subscription | Annual | Private Office - Brussels team space |
| Subscription | Annual | Flex member - Amsterdam open-plan access |
| Subscription | Annual | Private Office - Amsterdam dedicated space |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels9 records
Norrsken VC product offering
Product offeringCore offering
Norrsken VC is the venture capital arm of the Norrsken Foundation, operating five distinct impact investment funds that back early-stage founders solving global challenges in climate, health, food systems, and social impact across Europe and Africa. The fund platform is complemented by Norrsken Houses—physical co-working spaces and members clubs in five cities—and ecosystem programs (Norrsken/100, Impact/Week, Fixathon, Prompt What Matters) that connect founders, investors, and policymakers.
Product overview
Norrsken VC is an ecosystem of investment funds and support infrastructure for impact-driven entrepreneurs. The core offering consists of five distinct investment funds: Norrsken VC (Europe's leading impact VC for early-stage companies), Norrsken Launcher (pre-seed/seed fund transforming science into businesses), Norrsken Evolve (pre-seed fund with in-person sprint for sustainable future founders), Norrsken 22 (growth capital for African tech giants), and Norrsken Africa Seed (pre-seed/seed for African founders). Complementing the funds are Norrsken Houses—physical co-working spaces in Stockholm, Barcelona, Kigali, Brussels, and Amsterdam—plus initiatives like Norrsken/100 (annual impact startup ranking) and Impact Week (annual event). The organization is a non-profit foundation founded by Klarna co-founder Niklas Adalberth, with over $700M raised across its five funds.
Differentiator
Problem solved
Functional benefit
Brands
- Norrsken VC: Europe's leading impact VC, backing force of nature founders taking on the world's greatest challenges. Focus: Europe, target stage: Early Stage.
- Norrsken Launcher
- Norrsken Evolve
- Norrsken 22
- Norrsken Africa Seed
- Norrsken/100
- Impact/Week
- Norrsken Mind
- Africa Week
- Fixathon
- Prompt What Matters
Products and services
- Norrsken VC Fund
- Norrsken Launcher Fund
- Norrsken Evolve Fund
- Norrsken 22 Fund
- Norrsken Africa Seed Fund
- Norrsken House Co-working and Members Club
Quantifiable outcome
- 344% of long-term impact targets reached by NVC 1 portfolio
- +2 more outcomes
Companies that use Norrsken VC
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
Norrsken VC technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Norrsken VC partnerships and signals
Strategic signalScale indicators14 records
Recent moves6 records
Expansion highlights6 records
Norrsken VC competitors and assessment
Company assessmentDirect peers
- Acumen: Acumen is a long-standing non-profit impact investment organization backing entrepreneurs tackling poverty. Like Norrsken, it combines patient capital with ecosystem support and impact measurement, and operates across multiple geographies including Africa.
- Khosla Ventures: Khosla Ventures is a US impact-aligned VC that has historically taken concentrated impact-style bets (climate, sustainability) alongside commercial venture returns. It is a useful peer for the impact-with-returns proposition Norrsken VC pursues.
- Obvious Ventures: Obvious Ventures is a thesis-driven VC backing founders solving global problems across climate, health, and economic equity. Comparable to Norrsken VC in stage (early) and impact-first investment philosophy.
- Bridges Fund Management: Bridges Fund Management is a UK-based sustainable and impact investment firm deploying capital across private equity, venture, and private credit with rigorous impact measurement — a strong analog to Norrsken's multi-vehicle impact platform.
- Planet First Partners: Planet First Partners is a European sustainability-focused growth investor backing companies in energy, food, and circular economy. It has co-invested with Norrsken VC in Oviva and Rubix Data Centers, and shares the thematic impact mandate.
- Systemiq Capital: Systemiq Capital is a European early-growth investor focused on climate and nature-positive companies. Directly comparable to Norrsken's thematic climate/health mandate and Europe base.
Broad incumbents
- TPG Rise: TPG Rise is the dedicated impact investing platform of TPG, scaling across climate, health, and social equity at growth and infrastructure stages. It is a larger, broader-incumbent impact manager with a more institutional LP base.
- Big Society Capital: Big Society Capital is the UK's social investment institution, channeling capital into impact funds and enterprises. Comparable to Norrsken in mission, but operates more as a fund-of-funds/anchoring LP than a direct VC.
Emerging players
- Creandum: Creandum is a leading European early-stage VC with an active climate/impact thesis and multiple co-investments with Norrsken (e.g., Terralayr). Comparable in geography and stage, with a stronger generalist orientation.
- Atomico: Atomico is a European-founded VC that increasingly invests at the intersection of technology and sustainability. Co-invested with Norrsken in Ankar; comparable as a European-stage peer rather than a direct impact-only manager.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Norrsken VC social profiles
Digital presenceNorrsken VC financial estimates
Financial estimateRevenue estimate
Valuation estimate
Norrsken VC leadership team
Management profileNumber of profiles
Profiles14 records
Norrsken VC subsidiaries and ownership
Company hierarchySubsidiaries1 record
Norrsken VC funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Norrsken VC M&A and investment
M&A and investmentM&A
Investments105 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Norrsken VC
What does Norrsken VC do?
Norrsken VC is the venture capital arm of the Norrsken Foundation, operating five distinct impact investment funds that back early-stage founders solving global challenges in climate, health, food systems, and social impact across Europe and Africa. The fund platform is complemented by Norrsken Houses—physical co-working spaces and members clubs in five cities—and ecosystem programs (Norrsken/100, Impact/Week, Fixathon, Prompt What Matters) that connect founders, investors, and policymakers.
Is Norrsken VC a public or private company?
Norrsken VC is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Norrsken VC founded?
Norrsken VC was founded in 2017. It employs 11 to 50 people.
Where is Norrsken VC based?
Norrsken VC is headquartered in Stockholm, Sweden, in the Europe region.
How does Norrsken VC make money?
Three revenue lines are on record. Membership fees are the primary driver. The others are fund investment returns and partner contributions and donations.
Who are Norrsken VC's main competitors?
Direct peers on record are Acumen, Khosla Ventures, Obvious Ventures, Bridges Fund Management, Planet First Partners and Systemiq Capital. Broad incumbents are TPG Rise and Big Society Capital. Emerging players are Creandum and Atomico.
Does Norrsken VC have an API?
No public API is recorded for Norrsken VC.
What industry is Norrsken VC in?
Norrsken VC's product category is Impact Venture Capital. Its primary akta.pro industry code is FSANAJAN, SDG / Thematic Sustainable Investment Funds, with a secondary code of FSAAALAG, Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure). Its NAICS code is 52599 and its SIC code is 6282.