Started in 2017 by four budding impact capitalists, Norrsken VC is a venture capital arm of the non-profit Norrsken Foundation. We exist to drive more capital to entrepreneurs building impactful businesses.
Norrsken VC is an SFDR Article 9 or "Dark Green" fund, with every investment tied to at least one of the 17 SDGs. We work hard with every startup that joins the portfolio to help them define, measure and scale their impact.
We take a pragmatic, results driven approach to impact, and are lucky to back the top 1% of startups in this space – including a growing number of Unicorns.
2016
Norrsken Foundation
launched by Niklas
2017
€25m Norrsken Founders Fund
(all backed by unicorn founders)
2020
Northvolt becomes a 🦄
2021
Norrsken VC Fund I (€125m)
2022
Einride becomes
a 🦄
2022
Open-source impact
investing framework
2023
1KOMMA5° becomes
a 🦄
2024
Norrsken VC Fund II (€320m)
2024
🤫
It’s VC. But different.
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We’re nothing without our people. A 15-strong team of life-long investors and startup doers driving the impact agenda forward.
General Partner
Chief Impact Officer
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Partner
Investment Manager
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Associate
Investment Manager
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Associate
General Partner
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Chief Financial Officer
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Principal
Chief Marketing Officer
General Partner/Founder
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Executive Assistant
General Partner
Controller
Values. Explanation. Behaviours.
With sky high ambitions and limited time, we work smart. This means focusing our time and efforts on what will move the needle. We ask for help, don’t get stuck, and re-prioritise often. We work hard to ensure we’re on fire without burning up. That means we respect work-life balance and empower our team with flexibility to ‘make it work’ and thrive both in the job and at home. To us, this is the smart way to work, both in the short and long-run.
We foster a culture based on trust, where we empower and encourage ownership, risk-taking, and continuous learning. We adopt a supportive “yes and” approach, help each other grow, cherish each other’s differences, and communicate transparently with no hidden agendas.
Our team ethos prioritises collaboration over competition, emphasises celebrating all efforts towards our shared goal, underscores the importance of kindness as a core strength – and tries to have fun while doing all of it.
Our relentless impact focus is intrinsic in all of our decisions. We dare to do things differently because we know that today’s solutions aren’t close to being enough. We need to be curious, challenge the status quo, transform industries, seek out the innovators, and sometimes that means betting on the unexpected. We aim high with the founders we are lucky to back.
With sky high ambitions and limited time, we work smart. This means focusing our time and efforts on what will move the needle. We ask for help, don’t get stuck, and re-prioritise often. We work hard to ensure we’re on fire without burning up. That means we respect work-life balance and empower our team with flexibility to ‘make it work’ and thrive both in the job and at home. To us, this is the smart way to work, both in the short and long-run.
We foster a culture based on trust, where we empower and encourage ownership, risk-taking, and continuous learning. We adopt a supportive “yes and” approach, help each other grow, cherish each other’s differences, and communicate transparently with no hidden agendas.
Our team ethos prioritises collaboration over competition, emphasises celebrating all efforts towards our shared goal, underscores the importance of kindness as a core strength – and tries to have fun while doing all of it.
Our relentless impact focus is intrinsic in all of our decisions. We dare to do things differently because we know that today’s solutions aren’t close to being enough. We need to be curious, challenge the status quo, transform industries, seek out the innovators, and sometimes that means betting on the unexpected. We aim high with the founders we are lucky to back.
With sky high ambitions and limited time, we work smart. This means focusing our time and efforts on what will move the needle. We ask for help, don’t get stuck, and re-prioritise often. We work hard to ensure we’re on fire without burning up. That means we respect work-life balance and empower our team with flexibility to ‘make it work’ and thrive both in the job and at home. To us, this is the smart way to work, both in the short and long-run.
We foster a culture based on trust, where we empower and encourage ownership, risk-taking, and continuous learning. We adopt a supportive “yes and” approach, help each other grow, cherish each other’s differences, and communicate transparently with no hidden agendas.
Our team ethos prioritises collaboration over competition, emphasises celebrating all efforts towards our shared goal, underscores the importance of kindness as a core strength – and tries to have fun while doing all of it.
Our financing is made possible through financial backing of the Swedish Government-owned company Saminvest AB, along with limited partners including Folksam and KfW Capital. Norrsken VC is also supported by European Investment Fund (EIF), with the financial backing of the European Union under Horizon 2020 Financial Instruments and the European Fund for Strategic Investments (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.
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