"Norrsken VC Raises €320M Fund to Back 30+ Impact Startups" | FunderLyst

TLDR:

Stockholm-based Norrsken VC closes oversubscribed second fund at €320M.
Backed by institutional investors and unicorn founders, the fund aims to invest in 30+ impact startups.

Stockholm-based Norrsken VC has successfully closed its oversubscribed second fund at €320M, exceeding the original target of €250M. The fund, which is the largest early-stage generalist impact fund in Europe, is backed by almost 50 LPs, including institutional investors like AP1, Folksam, and KfW Capital. Norrsken VC II fund aims to invest in over 30 impact startups, focusing on sectors like climate tech, energy, biotech AI, and health tech. The fund follows strict criteria aligned with the United Nations Sustainable Development Goals and the EU’s Sustainable Financial Disclosures regulation. The team at Norrsken VC is predominantly Sweden-based with a global investment thesis, and is committed to finding impactful founders who share their vision for creating a better future.

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Adrian Johnson

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