Fundraising Fox

Norrsken22

Growth equity

Johannesburg · Seed–Late Stage · 13 people tracked

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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.

Stage
Seed–Late Stage
HQ
Johannesburg, ZA
Leads rounds
Leads
Instruments
Equity
Tracked investments
12

Team · 13 people

from the firm's website
Hans Otterling· Founding Partnerin

Founding 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.

Lexi Novitske· General Partnerin

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.

Natalie Kolbe· Managing Partnerin

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.

Ngetha Waithaka· General Partnerin

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.

Niklas Adalberth· Founding Partnerin

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.

Bernard Ghartey· Principalin

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.

Maina Murage· Principalin

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.

Nivesh Pather· Principalin

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.

Amanda Plowes· Executive & Admin Assistantin

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.

Laurie Clark· Chief of Staffin

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.

Olamide Balogun· Finance & Admin Assistantin

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.

Precious John-Adeyemi· Investment Analystin

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.

Stine Foss· CFOin

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 companies

Fintech ×1HR Tech ×1SaaS ×1

HQs:Nigeria×1United States×1

Investments · 12 tracked

founders shown can be your intro path
Autochek

Platform enabling and enhancing commerce within the automotive sector

Credrails

Provides accurate, fast, and automated reconciliation for African businesses

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

Raenestraenest.comin

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

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

Smile ID

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

Stitch

Provides modern payment infrastructure enabling businesses to move and manage money seamlessly across Africa

Taager

An Egypt-based platform providing online sellers and social media entrepreneurs with a complete suite of solutions to run their businesses

Tyme

A multi-country digital banking group for emerging markets

Workpay

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

Norrsken22 photo

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