Fundraising Fox

Norrsken22

Growth equity

Johannesburg · Seed–Late Stage · 16 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
Founded
2016
Last 12 months
3 investments
Tracked investments
21

Team · 16 people

from the firm's website

What they invest in

from 19 of 21 portfolio companies

Fintech ×13SaaS ×6AI & Machine Learning ×4Enterprise Software ×3B2B Marketplaces ×2Cybersecurity ×2Data & Infrastructure ×2HR Tech ×2

HQs:Nigeria×4United States×4Kenya×2Egypt×1United Kingdom×1Sweden×1

Who they back

founder profiles across 6 portfolio companies

Accelerator rootsportfolio companies that came through a program

Y Combinator ×2

Investments · 21 tracked

founders shown can be your intro path

By year:2026 · 32025 · 12024 · 15 dated

Autochekautochek.africa

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+5 more

Credrailscredrails.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

Co-investorsAcasia VenturesCairo Angels Syndicate FundFirst CircleSamos InvestmentsSoftBank Investment Advisers’ Emerge ProgramUnicorn Growth Ventures

Luagetlua.cominApr 2026 · $5.8M

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 Global Incheylua.aiinApr 2026 · $5.8M

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

Money254money254.co.kein𝕏Apr 2026 · $5.8M

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

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

Co-investorsAcrew CapitalAmplo VenturesBessemer Venture PartnersDigital Currency GroupLiquidity CapitalNyca+6 more

Non-invasive brain computer interfacesabi.com𝕏

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 VenturesCommerzVenturesFluent Ventures

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)inErik 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)

Co-investorsFarvatn Venture

Raenestraenest.comin𝕏Feb 2025 · $11M

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 Oyome(Founder)inSodruldeen MustaphaSodruldeen M.(Founder)in

Co-investorsAjim CapitalHoaQQED InvestorsTechstarsTen13Ventures Platform+2 more

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

Co-investorsAtlantica VenturesCapria VenturesCommerzVenturesCRE Venture CapitalLoftyInc CapitalNimble Partners+3 more

Shara Inc.shara.co

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 ID

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

Smile Identitysmileidentity.comin

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

Mark StraubWilliam Bares

Co-investors500 GlobalBeta.VenturesPTB VenturesValuestream VenturesCourtside Ventures

Smile Identityusesmileid.comin

Smile ID provides AI-based identity verification using biometrics, device and network intelligence, and document verification against government databases.

AI & Machine LearningCybersecurityFintech

Co-investorsCRE Venture CapitalIntercept VenturesNimble PartnersStory VenturesCommerce VenturesCourtside Ventures+4 more

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)Kiaan Pillay(Founder)in

Co-investors500 GlobalCRE Venture CapitalDigital Currency GroupGlynn Capital ManagementHigh AlphaSHAKTI+6 more

Taagertaager.comin

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

Tethertether.io

Tether is a company in the digital asset industry, known as the issuer of stablecoins.

Crypto & Web3Fintech

Co-investorsAlexia Ventures

Tymetyme.com

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

Digital HealthFintech

Coenraad (Coen) Jonker(Founder)in

Co-investorsBlue Earth Capital AGVU Venture PartnersYolo Investments

Wamdawamda.comin𝕏

Wamda is a media and analysis platform covering the startup and investment ecosystem in the Middle East and North Africa (MENA), publishing news, funding reports, and thought leadership.

Media & Entertainment

Co-investorsAnnex InvestmentsDASH Ventures

Workpaymyworkpay.comin𝕏Jun 2024

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)Paul Njoroge Kimani(Executive Officer, Director)

BoardNgetha Waithaka(Director)

Co-investorsY CombinatorAcadian Ventures Management, LlcP1 VenturesSaviu VenturesVKAV (Verod-Kepple Africa Ventures)Musha Ventures

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Norrsken22 made?
Norrsken22 has 17 tracked investments, including 1 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 66 tracked co-investors.

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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