TLDR:
Norrsken VC has closed a €320m round to support “impact entrepreneurs”. The fund has strict criteria linked to UN Sustainable Development Goals and complies with the EU’s Sustainable Financial Disclosures regulation. Sectors Norrsken VC invests in include climate tech, energy, biotech AI, and health tech.
Article Summary:
Norrsken VC has closed a €320m round to support “impact entrepreneurs”. The fund is the largest early-stage generalist impact fund in Europe and has strict criteria linked to UN Sustainable Development Goals which assess impact and sustainability across the entire investment process.
Norrsken VC also complies with the EU’s Sustainable Financial Disclosures regulation as an Article 9 or “dark green” fund, meaning that 100 percent of investments have a clear environmental or social impact objective. Sectors Norrsken VC invests in include climate tech, energy, biotech AI and health tech.
The fund’s second fund is backed by Folksam, AP1, and the European Investment Fund (EIF) among others. The fund is dedicated to over 30 startup investments and aims to empower force of nature founders to positively impact 1 billion lives.
The team at Norrsken VC is predominantly Sweden-based but operates with a global investment thesis. The fund was established by the four general partners David Frykman, Tove Larsson, Agate Freimane, and Niklas Adalberth. With the second fund, Norrsken VC is committed to finding the best impact founders in the DACH region.
