Norrsken22
Growth equityJohannesburg · Seed–Late Stage · 13 people tracked
Investment thesis
Norrsken22 targets scalable, tech-enabled business models that drive sustainable economic growth across Africa. The fund focuses on four core sectors: fintech (unlocking financial access for consumers and SMEs), market enablement (reducing market inefficiencies through new distribution), medtech (improving healthcare access and affordability), and edtech (reducing educational inequalities). The investment strategy emphasizes impact alongside returns, with a deliberate focus on companies serving underserved, low- and middle-income markets. Backed by successful founders who have built decacorns and unicorns, the fund leverages deep African ecosystem knowledge and local presence across its investment geographies.
Source: firm website, verified Jul 21, 2026.
Team · 13 people
from the firm's websiteFounding Partner with Northzone since 2006, one of Europe's top-ranked venture capital funds with $1.5 billion under management. A successful serial entrepreneur who founded, scaled, and exited three market-leading media and tech businesses before moving into venture capital.
General Partner with over 10 years of investment banking, emerging market private equity, and venture capital experience. He founded Singularity Investments in 2014, focusing on fintech and enterprise platforms including Paystack and Flutterwave, and later launched Acuity Venture Partners with two funds investing in over 20 African tech companies.
Managing Partner responsible for overall fund management with 18 years of private equity and growth experience at Actis, managing USD 2.5 billion in assets across emerging markets. Brings extensive board expertise and governance knowledge to the partnership.
General Partner with over a decade of African investment experience, primarily in financial services and consumer sectors across Kenya, South Africa, Nigeria, and Egypt. He was instrumental in key investments including Fawry and Credit Services Holdings at Actis, and previously worked in growth-stage private equity at PCG Capital Partners and investment banking at Credit Suisse.
Co-founder of decacorn Klarna and founder of Norrsken Foundation in 2016, a non-profit dedicated to helping entrepreneurs solve global challenges. Created the Norrsken ecosystem which operates major entrepreneurship hubs in Stockholm and Kigali and previously incubated Norrsken VC.
Principal with extensive sub-Saharan Africa investment experience, most recently as Head of Investments at Acuity focusing on early-stage West African technology businesses. He brings deep investment banking expertise and experience scaling East African companies.
Principal focused on East African markets with previous experience at DOB Equity on seed to series-A technology businesses across all sectors. He led EdTech investing efforts and brings established relationships with incubators, accelerators, and early-stage startup networks in the region.
Principal with extensive early-stage investment experience across Africa in pre-seed, seed, and series A rounds. Previously a Principal at Newtown Partners focusing on early-stage technology in healthcare, insurance, logistics, and supply chain with nine years of financial services experience.
Executive and Admin Assistant with over 16 years of experience at Actis, where she served as Executive Assistant to senior leadership and supported HR operations across multiple regions. Responsible for administration, human resources, executive assistance, and supporting ESG, impact, and compliance functions.
Chief of Staff responsible for investor relations, reporting, operations, fundraising, and investment team support. Previously at Morgan Stanley in London focusing on investor relations and fundraising for private markets, and at Lighthouse Venture Partners supporting early-stage South African tech businesses.
Finance & Admin Assistant supporting administration, operational, and finance functions. Previously at Acuity Ventures where she worked as Executive Assistant and Finance Manager with Lexi and Bernard, bringing accounting expertise to the team.
Investment Analyst with over three years of experience in Africa's technology ecosystem. Most recently at Founder Institute, she led accelerator startup support programs and helped launch over 100 startups across Africa, building deep networks among entrepreneurs and investors.
CFO responsible for finance, fund compliance, and administration. Previously CFO of Northzone from 2001 to 2019, where she expanded the franchise to become one of Europe's largest venture capital funds with €1.5 billion under management and top quartile returns. Instrumental in building critical processes including fundraising, reporting, and governance.
What they invest in
from 2 of 12 portfolio companiesFintech ×1HR Tech ×1SaaS ×1
HQs:Nigeria×1United States×1
Investments · 12 tracked
founders shown can be your intro pathPlatform enabling and enhancing commerce within the automotive sector
Provides accurate, fast, and automated reconciliation for African businesses
A mobile money transfer service empowering Africans globally to make safe, affordable, and reliable payments to Africa
Raenest provides financial infrastructure and payment solutions to enable individuals and businesses in emerging economies to participate in global finance. The platform facilitates cross-border transactions and financial access for global citizens regardless of geography or regulatory barriers.
FintechHR TechLagos, NG
Victor AladeRichard OyomeSodruldeen Mustapha
Africa's leading provider of enabling infrastructure powering the distribution of goods and services
Helps merchants grow their business by financing trusted customers to make purchases and pay back in installments
Helps African businesses confirm the true identity of their users in real-time
Provides modern payment infrastructure enabling businesses to move and manage money seamlessly across Africa
An Egypt-based platform providing online sellers and social media entrepreneurs with a complete suite of solutions to run their businesses
A multi-country digital banking group for emerging markets
An end-to-end HR, payroll, compliance, benefits, and real-time payment disbursement solution for fast-growing companies in Africa
Frequently asked questions
- What stage does Norrsken22 invest at?
- Norrsken22 invests at the Seed, Series A, Growth, Late Stage stages.
- What sectors does Norrsken22 focus on?
- Norrsken22 focuses on B2B Marketplaces, EdTech, Fintech, Medical Devices.
- Where is Norrsken22 located?
- Norrsken22 is headquartered in Johannesburg, ZA.
- Does Norrsken22 lead rounds?
- Yes, Norrsken22 leads investment rounds.
Images
Similar investors
500 Global's Sustainable Growth practice designs and implements sovereign-aligned strategies that unlock resilient, inclusive, and sustainable economic growth across the Global Majority—Asia, Africa, Latin America, and the Middle East. The practice bridges public priorities and private capital through ecosystem development, blended finance, and localized innovation programs addressing health, agriculture, gender, climate, and education.
B Capital is a venture capital firm managing over $12 billion in assets with a stage-based fund approach. The firm invests across early to late-stage companies in technology, healthcare, and energy & resilience sectors, with 200+ portfolio companies and 9 global offices.
Bessemer Venture Partners is a venture capital firm with a 50-year history supporting entrepreneurs in building enduring companies globally. The firm draws on deep operational expertise and advisory relationships to support portfolio companies through their growth journey.
DCVC is a deep tech venture capital firm with over a dozen years of experience backing entrepreneurs using computational approaches to solve trillion-dollar problems across industries including AI, climate, materials science, robotics, space, and biology.
GV is Alphabet's venture capital arm, established in 2009 as Google Ventures. Operating with long time horizons and over $13 billion in assets under management, the firm invests across technology and life sciences sectors from seed to growth stages, supporting 400 active portfolio companies across North America, Europe, and Israel.
