Norrsken22
Growth equityJohannesburg · Seed–Late Stage · 16 people tracked
Find your way into Norrsken22
2,032 people in our graph share verified history with the Norrsken22 team — schools, employers, funds. One of them is your warm intro.
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.
Team · 16 people
from the firm's website
What they invest in
from 25 of 27 portfolio companiesFintech ×17SaaS ×8AI & Machine Learning ×7B2B Marketplaces ×4Enterprise Software ×4Logistics & Supply Chain ×4Cybersecurity ×3E-commerce ×3
HQs:Nigeria×5United States×5Kenya×2South Africa×2United Arab Emirates×1Egypt×1
Who they back
founder profiles across 11 portfolio companiesFounding team size:solo founder×42 founders×54+ founders×2
Where their founders studiedfrom 17 founders with education data
University of Lagos ×2
What their founders studiedfrom 14 founders with field-of-study data
Business & Management ×6Computer Science ×3Engineering ×3Economics ×2
Accelerator rootsportfolio companies that came through a program
Investments · 27 tracked
founders shown can be your intro pathBy year:2026 · 72025 · 12024 · 12023 · 312 dated
Orca provides an AI-powered fraud orchestration platform designed to detect and prevent digital fraud in traditional and decentralised financial systems, with a focus on emerging markets in Africa.
AI & Machine LearningCybersecurityFintechCape Town, ZA
Thalia Pillay(CEO)Carla
Co-investorsCV VCEnza CapitalFirst CircleMusha Ventures
Workpay provides HR and payroll management software for small-to-medium-sized businesses across Africa, covering employee lifecycle processes including onboarding, attendance, payroll, performance management, and offboarding.
B2B MarketplacesE-commerceFintechHardwareHealthtechHR TechLogistics & Supply ChainMobility & TransportationSaaSLagos, NG
Spencer Horne(CEO)Doaa Ibrahim Mahmoud Aref(CEO and Co-founder)Anton Erasmus(Chief Engineer)Mbali Gushu(COO)
Co-investorsAcadian Ventures Management, LlcSaviu VenturesY CombinatorVerod Capital Management
Arc Waste Compactors manufactures waste and recycling equipment including self-contained, stationary, apartment, and vertical compactors, as well as cardboard balers for commercial, industrial, and institutional facilities.
Advanced ManufacturingCircular EconomyHardware
Co-investorsH.I.G. CapitalNovastar VenturesProparco
Autochek is an automotive technology company that builds solutions for auto loans, vehicle maintenance and after-sales services, warranties, and transactional marketplaces within Africa's automotive sector.
FintechMarketplacesMobility & Transportation
Iyamu Mohammed(Founder)inEtop Ikpe(Founder)in
Co-investors4DX VenturesCapria VenturesEndeavor CatalystEnza CapitalLateral CapitalMSA Novo+6 more
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
Co-investorsAcasia VenturesCairo Angels Syndicate FundFirst CircleSamos InvestmentsSoftBank Investment Advisers’ Emerge ProgramUnicorn Growth Ventures+2 more
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
Co-investorsTechstars20VCFlourish VenturesP1 VenturesTwenty Two VenturesY Combinator
Lua is an AI workforce platform that enables teams to work alongside AI agents in a shared workspace with unified memory and governance.
AI & Machine LearningEnterprise SoftwareSaaSLondon, GB
Lorcan O Cathain(Founder)inStefan Kruger(Founder)in
Co-investorsDigital Currency GroupEnza CapitalP1 VenturesTRAC (Third Round Analytics Capital)Y Combinator20VC+1 more
Money254 is an online platform that lets users compare over 150 verified loans from banks, microfinance institutions, and digital lenders for personal and business needs.
FintechMarketplaces
Co-investorsEnza CapitalOverton Venture Capital
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
Co-investorsAcrew CapitalAmplo VenturesBessemer Venture PartnersDigital Currency GroupLiquidity CapitalNyca+8 more
Sabi is developing a thought-to-text wearable, a beanie with custom neuroimaging sensors that wirelessly reads brain signals to interpret what the wearer thinks or attempts to speak.
AI & Machine LearningDeep TechHardware
Co-investorsKhosla VenturesScribble VenturesCommerzVenturesCRE Venture CapitalFluent VenturesJANNGO Capital
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)inErik Engellau-Nilsson(Co-founder)inFredrik Jung Abbou(Co-Founder)inWillem Vriesendorp(Co-founder Norrsken Brussels)Marc Jordana(Co-founder Norrsken Barcelona)inSara Kappelmark(Co-CEO)in
Co-investorsFarvatn Venture
Orca Water builds a water monitoring and predictive leak detection system that uses ultrasonic sensors and machine learning to visualize and localize water use down to specific fixtures via an interactive dashboard.
AI & Machine LearningCleantechIoT
Co-investorsForesightInnovation UBCAnkona CapitalBrighton Park CapitalEnza CapitalMizMaa Ventures+2 more
.png)
Orca is a software platform that modernizes venture capital fund management by automating operations and streamlining workflows.
Enterprise SoftwareFintechSaaS
Shalom(CEO and Founder)Itzik(Head of Growth)Artem(Chief Product Officer)Meital(CFO)
Co-investorsF2 Venture CapitalState of Mind VenturesAnkona CapitalBrighton Park CapitalEnza CapitalMizMaa Ventures+2 more
Raenest provides financial infrastructure and payment solutions to enable individuals and businesses in emerging economies to participate in global finance.
FintechHR TechLagos, NG
Victor AladeinRichard Oyome(Founder)inSodruldeen MustaphaSodruldeen M.(Founder)in
Co-investorsAjim CapitalHoaQQED InvestorsTechstarsTen13Ventures Platform+2 more
Life Ride offers non-emergency medical transportation with door-to-door assistance for people with mobility challenges, including wheelchair users and those recovering from injury.
HealthtechLogistics & Supply ChainMobility & TransportationLivingston, US
Co-investorsKli CapitalBritish International InvestmentInternational Finance CorporationMirovaNovastar VenturesProparco
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
Anu Adasolum(Founder & CEO)in
Co-investorsAtlantica VenturesCapria VenturesCommerzVenturesCRE Venture CapitalFluent VenturesLoftyInc Capital+5 more
Shara provides collateral-free business loans to small and medium business owners in Nigeria, offering working capital to help them stock inventory and grow.
Fintech
Co-investorsCanaan PartnersEnza CapitalMusha VenturesScribble VenturesTimon CapitalTLcom Capital
Smile Identity offers AI-based identity verification that combines biometrics, device intelligence, network intelligence, and document verification against government databases to confirm a user's identity.
AI & Machine LearningCybersecurityDeveloper ToolsFintechSilicon Valley, US
Co-investors500 GlobalBeta.VenturesPTB VenturesValuestream VenturesCourtside Ventures
Smile ID provides AI-based identity verification using biometrics, device and network intelligence, and document verification against government databases.
AI & Machine LearningCybersecurityFintech
Mark Straub(Founder & CEO)in
Co-investorsCRE Venture CapitalIntercept VenturesNimble PartnersStory VenturesCommerce VenturesCourtside Ventures+4 more
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)Kiaan Pillay(Founder)in
Co-investors500 GlobalCRE Venture CapitalDigital Currency GroupGlynn Capital ManagementHigh AlphaSHAKTI+8 more
Taager is an e-commerce platform that lets merchants start online retail businesses by supplying products, warehousing, shipping, delivery, and cash collection, while the merchant handles only marketing.
B2B MarketplacesE-commerceLogistics & Supply ChainCairo, EG
Ismail Omar(Founder)
Co-investors4DX VenturesA'Z AngelsBreyer CapitalRAED Ventures
Tether is a cryptocurrency company that issues USDT, a stablecoin pegged to the US dollar, and invests in Bitcoin mining, peer-to-peer communications, AI infrastructure, and education initiatives.
AI & Machine LearningCrypto & Web3EnergyFintech
Reeve Collins(Founder)in
Co-investorsAlexia Ventures
Tyme is a digital banking group that builds and operates consumer banks in emerging markets, offering a customer-facing platform for managing and growing money.
Digital HealthFintech
Coenraad (Coen) Jonker(Founder)inCoenraad J. Jonker(Founder & CEO)inDavid Pfaff(Co-CEO)inCheslyn Jacobs(CEO of GoTyme Bank South Africa)Nathaniel D. Clarke(CEO of GoTyme Bank Philippines)John Kane(CEO Merchant Cash Advance Asia)in
Co-investorsBlue Earth Capital AGVU Venture PartnersYolo InvestmentsLavender Hill Capital PartnersTencent Holdings
Tabby is a platform offering buy-now-pay-later and installment payment options for online purchases across the Middle East and North Africa, designed as an alternative to cash-on-delivery and traditional card payments.
B2B MarketplacesE-commerceFintechMedia & Entertainment
Fadi Ghandour(Founder)in
Co-investorsAnnex InvestmentsDASH Ventures
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)inEdwin Njuguna Mwangi(Executive Officer)David Maina Kariuki(Executive Officer)
BoardNgetha Waithaka(Director)inRyosuke Yamawaki(Director)in
Co-investorsY CombinatorAcadian Ventures Management, LlcP1 VenturesSaviu VenturesVKAV (Verod-Kepple Africa Ventures)Launch Africa Ventures+2 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
ESGSmile ID
Portfolio news
latest coverage across their companies
Ride · disruptafrica.com · Sep 9, 2026
Norrsken · europesays.com · Sep 9, 2026
Arc · inforcapital.com · Sep 8, 2026
Raenest · technext24.com · Jun 30, 2026
Stitch · investing.com · Jun 24, 2026
NALA · fintech.global · May 28, 2026
Lua · streamlinefeed.co.ke · Apr 21, 2026
Lua Global Inc · thesaasnews.com · Apr 20, 2026
Frequently asked questions
- How many investments has Norrsken22 made?
- Norrsken22 has 27 tracked investments, including 8 dated in the last 24 months.
- 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.
- Who does Norrsken22 co-invest with?
- Norrsken22 most often shares deals with 4DX Ventures, CRE Venture Capital, Digital Currency Group, among 64 tracked co-investors.
Media · Podcasts & interviews
featuring the teamLexi 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
Similar investors
Khosla Ventures is a venture capital firm founded by Vinod Khosla.
Interlock Partners is an investment firm that backs companies positioned to win, offering a hands-on approach and operating experience to accelerate their success.
Monashees is a Latin American venture capital firm backing technology-driven founders building category-defining companies from the region for global markets.
Fundamentum is an India-focused venture firm backing technology companies after product-market fit, positioning itself as Series B/C scale capital for entrepreneurs building enduring enterprises.
VenturEast is one of India's longest-standing venture capital fund managers, investing since 1997 and managing over $325 million across more than 100 investments in technology, healthcare, and clean environment.