Fundraising Fox

Norrsken VC

Impact investor

Stockholm · Seed–Growth · 25 people tracked

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Investment thesis

Norrsken VC positions itself as Europe's leading early-stage investor in 'tech that matters,' backing founders tackling the world's hardest problems across energy, industry and healthcare. The firm believes technological breakthroughs have shifted the economics of progress — clean energy can now undercut fossil fuels, healthcare can scale with fewer resources, and industries can do more with less. It sees these global challenges as the source of the next generation of trillion-euro companies and backs founders who outperform legacy incumbents. Norrsken VC draws on the broader Norrsken ecosystem, a large platform connecting investors, founders, operators and experts to provide portfolio companies access to customers, partners and talent.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Growth
Check
$1.1M – $3.2M
HQ
Stockholm, SE
Leads rounds
Follows
Instruments
Equity
Founded
2017
AUM
$507.6M
Tracked investments
75

Team · 25 people

from the firm's website & curated & public directories
Anna Lundin· Investment Managerin
Christian zu Jeddeloh· Investment Managerin
Tove Lilliestierna

Founder mafia

3 people who came through Norrsken VC went on to found or lead other companies.

What they invest in

from 43 of 75 portfolio companies

SaaS ×17AI & Machine Learning ×14Cleantech ×14Climate Tech ×12Enterprise Software ×11Energy ×9Healthtech ×6Circular Economy ×5

HQs:Sweden×9Germany×7United Kingdom×4United States×4Canada×1Switzerland×1

Who they back

founder profiles across 13 portfolio companies
54%
solo founders
7 of 13 mapped founding teams
50%
repeat founders
of 10 founders with career history

Founding team size:solo founder×72 founders×43 founders×14+ founders×1

Where their founders studiedfrom 10 founders with education data

Technische Universität Berlin ×3HEC Paris ×2

Investments · 75 tracked

founders shown can be your intro path

By year:2025 · 12024 · 22023 · 42014 · 18 dated

General Fusiongeneralfusion.comin𝕏NASDAQ: GFUZ

General Fusion develops Magnetized Target Fusion (MTF) technology, combining plasma physics, mechanical compression, and liquid metal systems to build a practical, cost-competitive fusion power plant.

CleantechDeep TechEnergyBurnaby, CA

Michael Laberge(Executive Officer)Michel Laberge(Executive Officer)inNathan Gilliland(Executive Officer, Director)inSusan Koch(Executive Officer)inGreg Twinney(Executive Officer, Director)inMegan Wilson(Chief Strategy Officer)in

Co-investorsBraemar Energy VenturesChrysalixEvolution VC PartnersHelium-3 VenturesJIMCONew Ground Ventures+4 more

Evrocevroc.comMar 2025✓ verified

evroc is building a European cloud platform designed for the AI era, aimed at organizations that need strong data security.

AI & Machine LearningCleantechCloud ComputingStockholm, SE

Co-investorsBlisceEQT VenturesGiant Ventures Global Llp

Material Evolutionmaterialevolution.comin✓ verified

Material Evolution produces ultra-low carbon cement replacements for concrete manufacturers, ready-mix producers, and construction companies seeking to reduce embodied carbon in their projects.

Circular EconomyCleantechConstruction TechNew Materials

Co-investorsKOMPAS VCAt One VenturesHG VenturesPlayfair Capital

Syresyre.comin✓ verified

Syre is a textile impact company that produces circular polyester through textile-to-textile recycling, offering quality on par with virgin polyester while reducing CO2e emissions by up to 85%.

Circular EconomyClimate TechNew MaterialsStockholm, SE

Susanna Campbell(Chair & Co-founder)Dennis Nobelius(CEO)inJad Finck(Chief Commercial Officer)Scott Pearson(Chief Technology Officer)

Co-investorsLeitmotifGiant Ventures Global Llp

1KOMMA5°1komma5grad.comin𝕏

1KOMMA5° provides home energy systems that combine solar panels, heat pumps, battery storage, and EV wallboxes, coordinated by its Heartbeat AI software to optimize electricity use and offer dynamic pricing.

CleantechClimate TechEnergy

Co-investorsCarbonCoastCapeCAPITAL ENTREPRENEURIAL PARTNERSFranz Haniel & Cie. GmbHG2 Venture Partners

1KOMMA5°1komma5.dein𝕏

1KOMMA5° provides residential energy systems that combine solar panels, heat pumps, battery storage, and EV wallboxes, coordinated by its Heartbeat AI software to optimize electricity use and offer dynamic, individualized electricity pricing.

CleantechClimate TechEnergy

Co-investorseCAPITAL ENTREPRENEURIAL PARTNERSb2venture

Aerskaaerska.io
alcemyalcemy.de

Berlin-based alcemy sells machine-learning software that predicts and controls cement and concrete quality to cut clinker and CO2.

Robert Meyer(Founder)in

Co-investorsEntrepreneur FirstHAWKTAILLa Famiglia

Alightalight.comin𝕏

Alight is a technology-enabled services provider offering AI-powered care navigation and employee benefits platforms to help organizations manage health and financial security for their workforces.

AI & Machine LearningEnterprise SoftwareHealthtechHR TechSaaS

Co-investorsTime Zero Capital

Altruistiqaltruistiq.comin

Altruistiq provides a platform that helps high-emitting organizations make data-driven decisions to reduce their environmental footprint.

Climate TechData & InfrastructureEnterprise SoftwareSaaS

Saif Hameed

Co-investorsMolten Ventures

Ankaraiankar.ai

Ankar builds an operating system for innovation that helps R&D and patent teams accelerate their work through tools for idea generation, drafting, prosecution, and protection.

AI & Machine LearningEnterprise SoftwareLegalTechSaaSLondon, GB

Tamar Gomez(Founder)inWiem Gharbi(Founder)

Co-investorsBOOOMDaphniIndex VenturesAtomico

Bezerobezerocarbon.comin𝕏

BeZero Carbon provides independent, risk-based ratings and risk analytics for carbon credit projects across their full life cycle, using expert analysts, proprietary sector-specific models, and curated datasets.

AI & Machine LearningClimate TechData & Infrastructure

Tommy Ricketts(Founder)in

Co-investorsContrarian VenturesHitachi VenturesMolten VenturesTransLink CapitalExtantia CapitalIlluminate Financial

Biorcebiorce.comin

Aika is an operating system that uses AI and automation to orchestrate clinical trial development end-to-end, helping organizations accelerate protocol creation, prevent amendments, and interpret complex datasets across all stages of trial development.

AI & Machine LearningDeep TechMedical Devices

Pedro Coelho(Founder)in

Co-investorsEndeavor CatalystMSMYZR Capital

Bluubluu.bioin

BLUU develops marine cell-based ingredients derived from cultured fish cells for personal care, health, and food applications.

BiotechDeep TechFoodTech

Dr. Sebastian Rakers(Co-Founder & Chief Executive Officer)in

Co-investorsLBBW Venture Capital GmbHLever VCManta Ray Ventures

Ceezerceezer.earthinJan 2024 · $11M

CEEZER operates an enterprise platform for building and managing corporate carbon credit portfolios, combining procurement, tracking, retirements, and reporting with in-house climate expert advisory services.

CleantechClimate TechSaaSBerlin, DE

Carla Luisa Woydt(Co-Founder & Chief Impact Officer)inHannes Nützmann(Co-Founder & CPO)inMagnus Drewelies(Founder & CEO)in

Co-investorsCarbon Removal PartnersPICUS CAPITALHV Capital

Ceezerceezer.comin

CEEZER provides a platform and advisory services to help large enterprises manage climate action initiatives, verify carbon projects, and meet net-zero commitments with science-backed guidance and investment structuring.

CleantechClimate TechData & InfrastructureEnterprise SoftwareSaaS

Magnus Drewelies(Founder and CEO)Carla Woydt(Chief Impact Officer)Hannes Nützmann(Chief Product Officer)Juliane Sterzl(Chief Revenue Officer)

ClimateViewclimateview.ioin

ClimateView provides a platform for cities to model, cost, and govern their climate transition from strategic planning through implementation.

Climate TechGovTechSaaS

Collectivcollectiv.food
Collectiv Foodcollectivfood.comin

Collectiv Food operates an automated food supply service for professional kitchens, sourcing meat, seafood, and plant-based products directly from producers and delivering them via a sustainable, patented logistics model.

FoodTechLogistics & Supply ChainLondon, GB

Jeremy

Co-investorsOctopus VenturesColle Capital PartnersFrontline VenturesKima VenturesPartech VenturesStart Capital+1 more

Commonscommons.com
Doctrindoctrin.sein

Doctrin provides a communication platform that helps healthcare providers digitize the patient journey, including structured medical history intake and case triage to the right clinical professional.

Digital HealthHealthtechSaaS

Einrideeinride.com
Elsaelsa.health
Elyptaelypta.comin𝕏

Elypta develops a metabolism-based liquid biopsy that measures the GAGome, a set of biomarkers of tumor metabolism, and applies machine learning to noninvasively detect cancer signatures.

AI & Machine LearningBiotechMedical Devices

Francesco Gatto(Founder and Scientific Advisor)Jens Nielsen(Chairman, Founder)

Co-investorsBonnier CapitalChalmers Ventures ABIndustrifondenNavigare VenturesNina CapitalSciety

Endraendra.aiinMar 2014

Endra provides an AI-powered platform for MEP (mechanical, electrical, plumbing) and fire protection engineers to automate design, documentation, and compliance workflows within Autodesk Revit.

AI & Machine LearningBiotechConstruction TechEnterprise SoftwareAnn Arbor, US

Michael Thornton(Executive Officer)Gustav Hammarlund(Founder)in

BoardAnthony DiGiandomenico(Director)Daniel Landry(Director)Alexander Tokman(Director)Sanjiv Gambhir(Director)

Co-investorsAndreessen HorowitzNotion Capital

evrocevroc.se
Feverfever.energyin

Fever Energy provides a software platform that energy companies use to connect distributed energy assets, manage portfolios, and generate customer and market value from flexibility.

CleantechEnergySaaSStockholm, SE

Klas Johansson(Founder)in

Co-investorsRTP GlobalGoldman SachsL Catterton

Granulargranular.agOct 2023

San Francisco, US

Sid Gorham(Executive Officer, Director)Mike Preiner(Director)

BoardJohn O'Farrell(Director)David Kellog(Director)Mike Kourey(Director)Michael O'Connor(Director)

Co-investorsAndreessen HorowitzAcurio VenturesFall Line CapitalReventValo Ventures

Granulargranular.energy
Granular Energygranular-energy.comin𝕏Oct 2023

Granular Energy provides software for energy suppliers, traders and buyers to manage and trade Energy Attribute Certificates (RECs, I-RECs, GOs, REGOs) and to build clean power products including hourly-matched and 100% renewable offers.

CleantechEnergySaaS

Toby Ferenczi(Co-Founder & CEO)Bruno(Co-Founder)Sam(Co-Founder)

Co-investorsAcurio VenturesJERAKickstart InnovationReventSpinLabValo Ventures+1 more

Grunfingrunfin.com

Co-investorsSuperAngel

Grünfin

Estonia-based platform making values-based sustainable investing simple and accessible.

Co-investorsSie Ventures

Heart Aerospaceheartaerospace.comin𝕏Feb 2024 · $107M

Heart Aerospace develops electric regional aircraft for commercial airline operators.

Advanced ManufacturingCleantechClimate TechHardwareSpace TechLos Angeles, US

Anders Forslund(Founder/CEO)in

Co-investorsBreakthrough Energy Ventures2am VCCastor Ventures (an Alumni Ventures Fund)Sagitta Family OfficeUnruly CapitalY Combinator+4 more

Hygglohygglo.com

Hygglo is a peer-to-peer rental platform operating across Europe that enables individuals to earn money by renting out unused items and access goods on-demand.

Circular EconomyConsumerMarketplacesStockholm, SE

Ola Degerfors(CEO)Henrik Fräsén(Head of Product & Growth)Axel Hellström(Head of Customer Success)

Ignitiaignitia.com
info@norrsken.vc
Invafresh
Julijuli.health

Juli is a digital healthcare startup that analyzes health data to improve care for people with chronic conditions.

AI & Machine LearningDigital HealthHealthtechWellness & Fitness

Dr. Joseph Hayes(Medical Advisor and Co-founder)Bettina Duehrkoop(CEO, Founder)Germaine Oliver(Product Owner, Co-founder)Bettina Hein(Executive Chairwoman, Founder)Joris Straatman(Chief Technical Officer, Co-founder)

Juna AIjuna.aiin

Juna builds operational AI agents for food and beverage manufacturers that optimize and adapt production systems across recipes, lines, tanks, quality gates, and shelf-life constraints.

Advanced ManufacturingAI & Machine LearningEnterprise SoftwareFoodTechBerlin, DE

Matthias Auf der Mauer(Founder)inChristian Hardenberg(Founder)inTuba Vogel(Founding People Lead)in

Co-investorsKleiner Perkins

Karmakarma.life

Karma is a cloud-based restaurant management platform combining POS, loyalty, online ordering, payments, and marketing in one system for restaurants.

FoodTechRetail TechSaaSStockholm, SE

Co-investorsRocketship.vcInitialized CapitalSusquehanna Growth EquityTiger Global ManagementTop Tier Capital Partners

Karmankarman.space
Kognitykognity.comin𝕏

Kognity provides a technology platform that combines pedagogical design with digital tools to support teachers and improve student learning outcomes.

EdTechEnterprise SoftwareSaaS

Co-investorsLiquidity CapitalMars Growth Capital

Material Evolutionmaterialevolution.co.ukin𝕏Jun 2023 · $19M

Material Evolution develops low-carbon cement using a proprietary alkali fusion process that operates at ambient temperatures, significantly reducing emissions compared to conventional cement production.

Circular EconomyClimate TechNew MaterialsBelfast, GB

Elizabeth Gilligan(Founder)in

Co-investorsTechstarsKOMPAS VCPlayfair Capital

Material Evolutionmaterial-evolution.comMay 2023

Dover, US

Elizabeth Gilligan(Executive Officer, Director)Samuel Clark(Director)Sukhjeevan Sunner(Director)

Material Exchangematerial-exchange.comin𝕏

Material Exchange provides an AI-assisted platform for structuring early-stage sourcing, helping product development, sourcing teams, and T1/T2 suppliers align on cost, compliance, and feasibility before decisions move to development.

Advanced ManufacturingAI & Machine LearningSaaS

Darren Glenister(Founder)in

Co-investorsMolten VenturesInventure

Matsmartmatsmart.com

Matsmart/Motatos is an online grocery retailer that sells surplus and near-expiry food and household products at reduced prices to reduce food waste.

Circular EconomyE-commerceFoodTech

North Voltnorthvolt.comin𝕏

Northvolt manufactures lithium-ion battery cells for electric vehicles and industrial applications, with an emphasis on low-carbon production and sustainability.

Advanced ManufacturingCleantechEnergyStockholm, SE

Paolo Cerruti(Founder)in

Co-investorsBoundary HoldingExtantia CapitalDanica Pension

Ochreochre.bio
Ochre Bioochre-bio.comin𝕏

Ochre Bio develops RNA therapeutics and drug discovery platforms targeting liver disease, combining proprietary human liver datasets with AI-driven causal prediction and human tissue validation models.

AI & Machine LearningBiotechHealthtechMedical DevicesLondon, GB

Quin Wills(Founder/CSO)inJack O'Meara(Founding CEO)in

BoardChinwe UkomaduElaine SullivanEliot ForsterJack Castle

Co-investorsBackedBeast VenturesCoastCapEntrepreneur FirstExpaHoxton Ventures+6 more

Olioolio.com

Tessa Clarke(Founder)in

Co-investorsOctopus Ventures

Onepot
Oviva PRIVATE DEBToviva.comin

Oviva offers personalised dietary advice paired with a digital app to help people change eating habits and manage or prevent illness.

Digital HealthHealthtechWellness & FitnessZürich, CH

Manuel Baumann(Founder)

Co-investorsAlbionVCAnkaa VenturesF-Prime CapitalKinnevik

Plansplans.dk

A Danish consultancy providing strategy execution and board leadership services for owner-led growth companies, often with international operations.

Enterprise Software

Prediumpredium.dein

Predium provides an AI-powered ESG analysis platform for real estate portfolios, enriching property data and assessing climate risks, CRREM pathways, and renovation plans.

Climate TechFintechPropTechSaaS

Jens Wax (Thumm)(Founder)in

Co-investors2bXUVC Partners

Quadriviaquadrivia.health
Quizrrquizrr.sein

Quizrr operates a platform for workforce training and human rights due diligence (HRDD) compliance reporting across supply chains, offering learning programs, supply chain insights, and benchmarking.

EdTechEnterprise SoftwareSaaS

Co-investorsWorking Capital Fund

Quizrrquizrr.com
Renaissance Fusionrenaissance-fusion.com
SAVAsava.healthin𝕏

Sava develops a wearable biosensor that continuously monitors multiple biomarkers (glucose, lactate, ketones, sodium, histamine, urea, alcohol, cortisol) in real-time, delivering health data to a mobile app for preventative health monitoring and chronic disease management.

HardwareHealthtechMedical Devices

Renato Circi(Founder)inRafaël Michali(Founder)in

Co-investorsBalderton CapitalExceptional VenturesItalian Founders FundExor Ventures

SpotmyEnergyspotmyenergy.dein

Spot my Energy provides German households with an integrated home energy management system combining a smart meter, HEMS software (SmartRobo), and a dynamic electricity tariff to connect and optimize PV systems, battery storage, wallboxes, and heat pumps.

CleantechEnergyIoT

Exits · 1

IPOs and acquisitions across the tracked portfolio

General FusionNASDAQ: GFUZ

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Norrsken VC made?
Norrsken VC has 49 tracked investments.
What stage does Norrsken VC invest at?
Norrsken VC invests at the Seed, Series A, Series B, Series C, Growth stages.
What is Norrsken VC's typical check size?
Norrsken VC typically writes checks of $1.1M – $3.2M.
What sectors does Norrsken VC focus on?
Norrsken VC focuses on Advanced Manufacturing, AgTech, AI & Machine Learning, Circular Economy, Cleantech, Climate Tech, Deep Tech, Defense Tech, EdTech, Energy, Enterprise Software, FemTech, FoodTech, Healthtech, Impact & Social Good, Medical Devices, Mobility & Transportation, New Materials, Retail Tech, Robotics, SaaS, Space Tech.
Where is Norrsken VC located?
Norrsken VC is headquartered in Stockholm, SE.
Does Norrsken VC lead rounds?
Norrsken VC typically participates in rounds rather than leading them.
Who does Norrsken VC co-invest with?
Norrsken VC most often shares deals with CoastCap, eCAPITAL ENTREPRENEURIAL PARTNERS, Entrepreneur First, among 56 tracked co-investors.

Media · Podcasts & interviews

featuring the team

The Future of Climate Tech Is in Europe | Tove Larsson (Norrsken VC)

VCo2 | The Climate Investing Podcast · Tove Larsson

1KOMMA5°'s #newsolar Revolution | Philipp Schröder (1KOMMA5°) & Agate Freimane (Norrsken VC)

Slush · Agate Freimane

Impact investeringar | Connect Sessions med Fabian Erici från Norrsken VC

Connect Sverige · Fabian Erici

Social Impact Season | Interview with Tove Larsson & Agate Freimane, Norrsken VC | BetaCast

Beta-i | collaborative innovation · Tove Larsson

Images

Norrsken VC photo

Co-investors · 34

Balderton Capital

Balderton Capital is a European venture capital firm that backs technology startups.

Both backed · 2
$5M – $50M
EQT Ventures

EQT Ventures is the venture capital arm within the EQT platform, backing early-stage European founders building what it calls Generation-Defining Companies.

Both backed · 2
$2M – $50M
Atomico

Atomico is an international venture capital firm that invests in growth-stage technology companies across multiple geographies. The firm focuses on scaling disruptive technology businesses globally.

Both backed · 1
PICUS CAPITAL

Picus Capital is a privately financed venture capital investor focused on early-stage technology ventures, having backed over 170 companies with a long-term, entrepreneur-aligned approach.

Both backed · 1
$100K – $300M
Northzone

Northzone is a technology-focused venture capital firm investing across AI and deep tech on both sides of the Atlantic, backing companies from early stage through growth.

Both backed · 1
Stockeld Dreamery
$1M – $50M
HV Capital

HV Capital is a European multistage venture capital firm that backs founders from the first check through IPO, investing across consumer, software, deep tech and AI.

Both backed · 1
$540K – $54M
Working Capital Fund

Working Capital Fund is a venture capital firm that invests in technologies aimed at building resilient, responsible, and sustainable global supply chains.

Both backed · 1
Sequoia Capital

Sequoia Capital is a venture capital firm that partners with founders to build technology companies.

$4.4M – $214M
General Catalyst

General Catalyst is a venture capital firm operating as a partnership focused on company building and accelerating the growth of the businesses it backs.

$30M
Uncork Capital

Uncork Capital (formerly SoftTech VC) is a seed-stage venture firm that invests early in founders, with a focus on AI-native companies building leverage and scale.

$3M – $5M
IVP (Institutional Venture Partners)

IVP (Institutional Venture Partners) is a venture capital firm that backs breakout companies at critical inflection points, helping them grow into enduring market leaders.

$15M – $75M
Headline

Headline is a global venture capital firm investing in early- and growth-stage founders, with teams on the ground across multiple continents.

$661K – $103M
22 more co-investors

Stellar CapitalQED InvestorsLowercase CapitalBase10 PartnersAntlerCausalGeneral AtlanticEXPONENT FOUNDERS CAPITALfirstminute capitalPresight CapitalImmeasurableVera EquityQuona CapitalVisionaries ClubFoundamentalWestCapFuture AfricaMax VenturesPlum Alley InvestmentsPowerhouseLondon Venture PartnersKaya Founders

Firms observed investing alongside Norrsken VC, from public investor directories. Shared companies are the overlap with Norrsken VC's recorded portfolio.

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