Fundraising Fox

Norrsken22

Growth equity

Johannesburg · Seed–Late Stage · 26 people tracked

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Investment thesis

Norrsken22 invests growth capital in disruptive, scalable, tech-enabled businesses across Africa, concentrating on the continent's main tech hubs of Nigeria, Kenya, South Africa and Ghana. Managed by general partners deeply embedded in the African tech ecosystem, the fund emphasizes value creation beyond capital, treating each investment as a partnership. It is supported by a board of founders behind companies such as Flutterwave, Klarna, Skype and King, and an advisory council of African business leaders. The fund is a for-profit vehicle sharing the values of its founding partner, the Norrsken Foundation, which reinvests its 22% carry back into the African startup ecosystem.

Source: firm website, verified Aug 7, 2026.

Stage
Seed–Late Stage
HQ
Johannesburg, ZA
Leads rounds
Leads
Instruments
Equity
Tracked investments
22

Team · 26 people

from the firm's website

What they invest in

from 10 of 22 portfolio companies

Fintech ×8SaaS ×5Data & Infrastructure ×2Enterprise Software ×2HR Tech ×2AI & Machine Learning ×1B2B Marketplaces ×1Climate Tech ×1

HQs:United States×3Nigeria×2Kenya×1Sweden×1South Africa×1

Investments · 22 tracked

founders shown can be your intro path
Autochekautochek.africa
ESGwebsite-files.com
Know morecredrails.comin

Credrails provides a financial data aggregation and reconciliation platform that integrates data from multiple sources and formats to give finance teams real-time cash balance visibility, automated audit trails, and consolidated statements.

Data & InfrastructureEnterprise SoftwareFintechSaaS

Luagetlua.comin

Lua is a free online PDF converter that enables users to convert PDF files to Word, Excel, JPG, PNG, PPT, and HTML formats without requiring downloads.

SaaSNew York City, US

Nala

A mobile money transfer service empowering Africans globally to make safe, affordable, and reliable payments to Africa

NALAnala.comin𝕏

NALA operates two payment platforms: one enables consumers to send money across borders to emerging markets, while the other provides stablecoin-based payment infrastructure for businesses in those regions.

FintechNew York City, US

Benjamin Fernandes(Founder)in

Norrskennorrsken.orgin𝕏

Norrsken is a Sweden-founded impact organization comprising co-working Houses, independent venture funds, and a Launcher program that support founders building companies in areas like climate, health, and food systems.

Climate TechHealthtechImpact & Social GoodStockholm, SE

Niklas Adalberth(Founder & Chairman)Erik Engellau-Nilsson(Co-founder)Fredrik Jung Abbou(Co-Founder)Willem Vriesendorp(Co-founder Norrsken Brussels)Marc Jordana(Co-founder Norrsken Barcelona)Sara Kappelmark(Co-CEO)

Raenestraenest.comin𝕏

Raenest provides financial infrastructure and payment solutions to enable individuals and businesses in emerging economies to participate in global finance.

FintechHR TechLagos, NG

Victor AladeRichard OyomeSodruldeen Mustapha

Sabisabi.amin𝕏

Sabi provides infrastructure and platform services for the distribution of goods and services across Africa's supply chain, offering businesses access to supply chain logistics, financial services, and market insights.

B2B MarketplacesData & InfrastructureFintechLogistics & Supply ChainSaaS

Sabi

Africa's leading provider of enabling infrastructure powering the distribution of goods and services

Shara

Helps merchants grow their business by financing trusted customers to make purchases and pay back in installments

Shara Inc.shara.co
Smile ID

Helps African businesses confirm the true identity of their users in real-time

Smile Identitysmileidentity.comin

Smile Identity provides AI-powered identity verification and fraud detection services designed for markets in the Global South.

AI & Machine LearningCybersecurityFintechSilicon Valley, US

Stitchstitch.moneyin𝕏

Stitch provides payment infrastructure enabling businesses to accept, send and manage online and in-person payments while offering consumers in South Africa financial management tools.

FintechSaaSSouth Africa, ZA

Mohamed Oueida(Founder & CEO)

Taagertaager.com
Techcabaltechcabal.comin𝕏
Tethertether.io
Tyme

A multi-country digital banking group for emerging markets

Tymetyme.com

Tyme Group operates GoTymeX, a digital banking platform serving emerging markets, offering financial services such as transactions and credit.

Digital HealthFintech

Workpaymyworkpay.comin𝕏

Workpay provides HR, payroll, compliance, and benefits administration services for businesses with remote and local teams across Africa.

Enterprise SoftwareFintechHR TechSaaSNairobi, KE

Paul Kimani(Founder)inJackson Kibigo Kungu(Founder)in

Frequently asked questions

What stage does Norrsken22 invest at?
Norrsken22 invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What sectors does Norrsken22 focus on?
Norrsken22 focuses on B2B Marketplaces, EdTech, Enterprise Software, Fintech, Healthtech, Logistics & Supply Chain, Marketplaces, Medical Devices.
Where is Norrsken22 located?
Norrsken22 is headquartered in Johannesburg, ZA.
Does Norrsken22 lead rounds?
Yes, Norrsken22 leads investment rounds.

Media · Podcasts & interviews

featuring the team

Lexi Novitske, Norrsken22

The Collective Member Podcast · Lexi Novitske

Startup Founders Should Avoid These Mistakes | Lexi Novitske: Norrsken22 General Partner

The African CEO · Lexi Novitske

Norrsken22's General Partner, Lexi Novitske talks about investment opportunities in Africa.

Kenyan Wall Street · Lexi Novitske

Images

Norrsken22 photo

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