Norrsken Accelerator
Norrsken Accelerator is the impact-focused pre-seed venture and accelerator arm of the Norrsken Foundation (founded by ex-Klarna co-founder Niklas Adalberth), running Stockholm-based cohorts since 2021 that take small minority stakes in early-stage startups tackling UN SDG challenges across climate, health, fintech, agri and education in Europe and Africa; in August 2025 it rebranded and expanded as Norrsken Evolve (norrskenevolve.vc), closing the first close of its inaugural pre-seed fund.
Key facts
Recent exits
No exits recorded yet.
Coverage notes
1 fund tracked, 87 portfolio companies (87 active · 0 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
87 companiesFunds & portfolio
Every fund Norrsken Accelerator has raised, with its portfolio companies. Hand-checked from public filings.
Norrsken AcceleratorVCActive2021 · 5yr87 active
Unrealized
87 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| ClimateTech |  France | 2024 | |
| PropTech |  Sweden | 2024 | |
| HealthTech |  Germany | 2025 | |
| ClimateTech | Sweden | 2023 | |
| Construction |  US | 2024 | |
| HealthTech | Mexico | 2022 | |
| Logistics | Mozambique | 2022 | |
| Fintech | US | 2021 | |
| ClimateTech |  UK | 2025 | |
| HealthTech | US | 2022 | |
| ClimateTech |  Spain | 2024 | |
| Cloud Infrastructure | Sweden | 2025 | |
| Fintech | Nigeria | 2023 | |
| Energy | UK | 2023 | |
| Biotech | Sweden | 2024 | |
| HealthTech | Sweden | 2025 | |
| Industrials | France | 2025 | |
| ClimateTech | Sweden | 2021 | |
| Biotech |  Portugal | 2025 | |
| InsurTech | Sweden | 2023 | |
| Fintech | Kenya | 2023 | |
| HealthTech | Nigeria | 2022 | |
| AgTech | Ghana | 2021 | |
| Biotech | UK | 2024 | |
| HealthTech | Nigeria | 2021 | |
| Industrials | Sweden | 2024 | |
| Fintech | Uganda | 2022 | |
| Energy | Sweden | 2024 | |
| HR Tech | Sweden | 2021 | |
| HealthTech | Sweden | 2026 | |
| Energy | Germany | 2025 | |
| HR Tech | Rwanda | 2022 | |
| ClimateTech | Sweden | 2024 | |
| ClimateTech | UK | 2023 | |
| EdTech | Nigeria | 2021 | |
| FoodTech | Sweden | 2022 | |
| HR Tech | UK | 2023 | |
| AgTech | US | 2023 | |
| Fintech | Rwanda | 2021 | |
| Energy | Estonia | 2025 | |
| Energy | Turkey | 2023 | |
| Fintech | Kenya | 2021 | |
| EdTech | India | 2023 | |
| HealthTech | Sweden | 2022 | |
| Fintech | Kenya | 2021 | |
| Energy | Sweden | 2024 | |
| Biotech | Sweden | 2021 | |
| Fintech | Ghana | 2022 | |
| Fintech | Kenya | 2021 | |
| PropTech | Sweden | 2024 | |
| Biotech |  Netherlands | 2025 | |
| FoodTech | Argentina | 2021 | |
| AgTech | Sweden | 2022 | |
| PropTech |  Finland | 2024 | |
| AI/ML |  Denmark | 2025 | |
| ClimateTech | Sweden | 2025 | |
| ClimateTech | Spain | 2023 | |
| InsurTech | Nigeria | 2023 | |
| Fintech | Kenya | 2022 | |
| Cybersecurity | Sweden | 2024 | |
| Industrials | France | 2025 | |
| Energy | Germany | 2024 | |
| EdTech | Nigeria | 2023 | |
| Energy | UK | 2024 | |
| Fintech | Nigeria | 2023 | |
| MedTech | Slovakia | 2022 | |
| AgTech | India | 2021 | |
| HealthTech | US | 2022 | |
| ClimateTech | Estonia | 2026 | |
| ClimateTech |  Norway | 2022 | |
| Fintech | Nigeria | 2024 | |
| FoodTech | US | 2023 | |
| Fintech | Nigeria | 2022 | |
| Energy | UK | 2025 | |
| Fintech | Kenya | 2024 | |
| Energy | Spain | 2025 | |
| AI/ML | Sweden | 2025 | |
| Biotech | Spain | 2026 | |
| HealthTech | UK | 2022 | |
| AI/ML | Denmark | 2025 | |
| Logistics | US | 2023 | |
| Software | Sweden | 2023 | |
| Mobility | Sweden | 2023 | |
| HealthTech | Sweden | 2022 | |
| HealthTech | Ghana | 2021 | |
| InsurTech | Nigeria | 2021 | |
| FoodTech | Mexico | 2021 |
France· Entry 2024Sweden· Entry 2024Germany· Entry 2025Sweden· Entry 2023US· Entry 2024US· Entry 2021UK· Entry 2025US· Entry 2022Spain· Entry 2024Sweden· Entry 2025UK· Entry 2023Sweden· Entry 2024Sweden· Entry 2025France· Entry 2025Sweden· Entry 2021Portugal· Entry 2025Sweden· Entry 2023UK· Entry 2024Sweden· Entry 2024Sweden· Entry 2024Sweden· Entry 2021Sweden· Entry 2026Germany· Entry 2025Sweden· Entry 2024UK· Entry 2023Sweden· Entry 2022UK· Entry 2023US· Entry 2023Sweden· Entry 2022Sweden· Entry 2024Sweden· Entry 2021Sweden· Entry 2024Netherlands· Entry 2025Sweden· Entry 2022Finland· Entry 2024Denmark· Entry 2025Sweden· Entry 2025Spain· Entry 2023Sweden· Entry 2024France· Entry 2025Germany· Entry 2024UK· Entry 2024US· Entry 2022Norway· Entry 2022US· Entry 2023UK· Entry 2025Spain· Entry 2025Sweden· Entry 2025Spain· Entry 2026UK· Entry 2022Denmark· Entry 2025US· Entry 2023Sweden· Entry 2023Sweden· Entry 2023Sweden· Entry 2022Saved GPs appear in your watchlist, one click from your workspace.
About Norrsken Accelerator
Norrsken is Europe's largest early-stage generalist impact fund platform with approximately $450 million (€400 million plus) across Norrsken VC funds as of December 2024 (Fund II closed May 2024 at €320 million), headquartered in Stockholm with houses in Barcelona, Kigali, Brussels and Amsterdam. The Norrsken Foundation was founded in 2016 and Norrsken VC in 2017 by Klarna co-founder Niklas Adalberth, operating as a non-profit foundation-backed platform with independent fund vehicles (Norrsken VC, Launcher, Evolve, Norrsken22, Africa Seed).
Investment thesis
Norrsken deploys capital through approximately five distinct funds, targeting early-stage (pre-seed to Series A) generalist impact-tech VC plus a separate Africa growth fund (Norrsken22, Series A-C) and accelerator and community houses. Sector focus spans climate tech, energy, health tech, biotech, food systems, AI and sustainable technology. Geographic deployment spans Europe (Norrsken VC), Africa (Norrsken22, Africa Seed) and global (Launcher). The platform pairs venture capital with physical Norrsken House community hubs and the Norrsken/100 impact ranking.
Recent activity
Recent realised exits are limited in public disclosure with approximately 14 exits cumulatively reported. Recent acquisitions include cement and construction AI (2024), industrial energy optimization AI (2024) and renewable energy storage (2024). The platform continues active deployment across the multi-fund impact-tech franchise. Detailed buyer names and multiple data available on Pro at €29/month.
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