Norrsken Evolve Fund Fund II

Norrsken Evolve Fund

cb Email

Status

ACTIVE

Global HQ

Stockholm, Sweden

Countries of investment

Sweden
Netherlands
Germany
France
United Kingdom
Denmark
Norway
Finland
Estonia
Spain
Italy
Portugal
Poland
Belgium
Ireland
Austria
Switzerland

Investment stages

Pre-Seed
Seed

Industries

Renewable Energy
HealthTech
Robotics
AI Infrastructure
Biotech
Next-Generation Materials
Sustainable Manufacturing
Logistics
Construction
Food
Cybersecurity
Climate Resilience

About
Norrsken Evolve Fund is a Stockholm-based venture capital firm focused on backing European pre-seed founders building climate resilience solutions. Their focus spans renewable energy, healthtech, robotics, AI infrastructure, and biotech across Sweden, Netherlands, Germany, France, United Kingdom, Denmark, Norway, Finland, Estonia, Spain, Italy, Portugal, Poland, Belgium, Ireland, Austria, and Switzerland. The firm supports impact founders from pre-seed through seed stages.

Min check size: $270K
Max check size: $1.5M
Fund size: Unlock
NPS: Unlock

Investment Thesis

Norrsken Evolve Fund is a pre-seed and seed stage venture capital firm deploying capital across renewable energy, healthtech, robotics, AI infrastructure, biotech, next-generation materials, sustainable manufacturing, logistics, construction, food, cybersecurity, and climate resilience sectors. They invest €250K-€500K initial checks with follow-on capacity, backing 20-30 European startups per year at the intersection of impact, resilience, and scalability. The firm differentiates itself as part of the €1B Norrsken Foundation ecosystem founded by Klarna co-founder Niklas Adalberth, with highly selective 0.7% acceptance rate and 75% follow-on funding rate from top investors.

Lead investor: Unlock
Co Invest: Unlock
Number of exits: Unlock
Preferred contact method: Unlock

Manager's Experience

Norrsken Evolve Fund is led by General Partners Johan Attby, Alex Bakir, and Rebecka Löthman Rydå. Funda Sezgi continues to lead acceleration programming from her earlier leadership at Norrsken Accelerator. Norrsken Foundation was founded in 2016 by Niklas Adalberth (Klarna co-founder) as an impact-driven ecosystem for entrepreneurs solving global challenges. The broader Norrsken ecosystem manages nearly $1B across five investment funds and operates hubs in Stockholm, Kigali (Rwanda), Barcelona, Brussels, and Amsterdam. Norrsken Evolve Fund closed at €62M in July 2026, oversubscribed from initial €40M target, backed by the European Investment Fund, Saminvest, SmartCap Green Fund, Taavet Hinrikus and Sten Tamkivi (Wise/Skype co-founders), and Skaala. The fund has supported 80+ startups since inception (as Norrsken Accelerator), with 75% securing follow-on funding from top global investors and a highly selective 0.7% acceptance rate.