Supports entrepreneurs tackling global challenges through innovation.
Norrsken Foundation is a non-profit organization dedicated to supporting entrepreneurs who address global challenges. Founded in 2016 by Niklas Adalberth, co-founder of Klarna, Norrsken aims to drive positive impact through technology and innovation. The foundation operates across multiple initiatives, including venture capital funds, accelerator programs, and co-working spaces. Norrsken VC, its investment arm, focuses on early-stage impact startups in areas such as climate tech, energy, biotech, AI, and health tech. In 2024, Norrsken VC raised €320 million for its second fund, making it Europe's largest early-stage generalist impact fund. Norrsken's ecosystem includes Norrsken Houses in Stockholm, Kigali, and Barcelona, which host over 2,000 members from more than 300 startups. The foundation also runs the Norrsken Impact Accelerator, supporting early-stage startups with funding and mentorship. The organization has backed over 150 startups, including unicorns like Northvolt, Einride, and 1KOMMA5°. Typical investments range from $100,000 to $1 million for early-stage companies. Norrsken's criteria for funding focus on startups that address urgent global problems and demonstrate impact as an integral part of their business model. Norrsken Foundation also initiates its own projects, such as Norrsken Mind, which supports research in psychedelic science, and ABC Labs, which provides COVID-19 testing services in Sweden.