Investor profile
Norrsken VC
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Norrsken VC is Europe's leading early-stage impact investor, backing founders solving the world's hardest problems across energy, industry, and healthcare. The firm believes 'the biggest returns come from solving our greatest challenges' — that the next generation of trillion-euro companies will be built by outperforming legacy models in climate, health, and industrial transformation. Founded out of the Norrsken Foundation (established by Klarna co-founder Niklas Adalberth), the fund operates as an Article 9 vehicle where sustainability is the investment thesis, not a checkbox. Every investment is tied to UN SDG-aligned impact objectives, and Norrsken open-sources its entire impact framework to help founders define, measure, and scale their positive outcomes. The firm targets scalable, impact-driven companies that also deliver outsized financial returns, with a vision that 'every dollar invested globally becomes a net positive for people and planet.'
Notable quotes
“Our long-term vision is to see every dollar invested globally as a net positive for people and planet. With Norrsken VC II we aim to find, back and empower force of nature founders, and set them on a path to build impact unicorns – companies that positively impact 1 billion lives.”
“Climate is now the number one biggest vertical in European VC, and for good reason. What sets Norrsken VC apart is our unwavering Article 9 commitment. This means sustainability isn't a checkbox, it's the investment thesis.”
“While more funds have joined the sector since our inception, it remains relatively uncrowded, with less than 1% of global capital dedicated to impact investments. Urgency is evident as we've exceeded six of nine Planetary Boundaries, underscoring the need for investments in innovations for a more habitable world.”
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Oviva | Series D | $220m | 2025-01 |
| Ankar | Series A | $20m | 2025 |
| Biorce | Series A | — | 2026-02 |
| Einride | Series B+ | — | 2019 |
| 1KOMMA5° | Series B | — | 2023 |
| Northvolt | Series B+ | — | 2020 |
| BeZero Carbon | Series B | — | 2022 |
| General Fusion | Series D | — | 2021 |
| terralayr | Seed | — | 2023 |
| Renaissance Fusion | Seed | — | 2022 |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| EQT Ventures | 7 |
| Eurazeo | 6 |
| Creandum | 5 |
| Balderton Capital | 4 |
| Giant Ventures | 3 |
| Kinnevik | 3 |
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