TLDR: Norrsken VC has secured €320 million for their second impact fund, surpassing their initial target of €250 million. The fund, backed by notable investors like the H&M family and financial institutions SEB and Nordea, focuses on tech unicorns in Europe with a track record of successful investments. The fund’s emphasis on impact investing is attracting top-tier limited partners and driving change in the European tech landscape.
Norrsken VC, led by Niklas Adalberth, co-founder of Klarna, has closed a €320 million fund, exceeding its €250 million target.
Notable backers include the H&M family and leading financial institutions such as SEB and Nordea.
The fund focuses on tech unicorns in Europe, with successful investments in companies like Northvolt and Einride.
Adalberth highlights the fund’s track record, with investments in three unicorns demonstrating the potential for impact investing to yield substantial returns.
The fund’s success is attracting top-tier limited partners who see both the financial and social value of their investments.
This strategic shift is bolstering Europe’s tech landscape, particularly in green tech and impact-driven startups.
Agate Freimane, General Partner at Norrsken, emphasized the growing interest from investors in impact alongside financial returns.
The fund focuses on the Nordics, Germany, and the UK, prioritizing sectors aligned with the UN Sustainable Development Goals, like climate action and biotech.
With a strong emphasis on impact investing, Norrsken continues to expand its influence globally, driving change for a sustainable future.
