Norrsken VC secures 320 million euros for impact startups in the DACH region

Marc Nemitz Marc Nemitz | 14.05.2024

With the final closing of its second fund of 320 million euros, Norrsken VC is sending a clear signal for impact investing. Norrsken VC plans to support over 30 impact startups in the DACH region

Stockholm, May 14, 2024 - Norrsken VC has successfully closed its second fund of EUR 320 million with a focus on impact startups in Germany and the DACH region. This development makes Norrsken VC the largest early-stage impact investor in Europe.

The oversubscribed fund, which was originally designed for 250 million euros, illustrates the continued strong interest in impact investing. This shows that awareness of social and environmental responsibility is growing in the financial sector.

Focus on innovative solutions

Norrsken VC plans to invest in over 30 impact start-ups that develop innovative solutions to pressing global challenges. This includes areas such as climate tech, energy, biotech, artificial intelligence and health tech.

The fund is supported by a wide range of investors, including the European Investment Fund and major German backers such as KfW Capital, the Otto Group and the BMW Group. This underlines the confidence of the investor community in the potential of impact startups.

The high level of interest in our Fund II confirms our belief that sustainability can be combined with high financial returns

Tove Larsson, General Partner at Norrsken VC

The founders of Norrsken VC, including personalities such as Niklas Adalberth and Tove Larsson, pursue the vision that any capital invested should have a positive impact on people and the environment. They are committed to promoting sustainable unicorns that can positively change the lives of one billion people.

Targeted support for German impact start-ups

Norrsken VC aims to drive the rapid growth of promising companies in the DACH region by providing targeted support. The German market is considered particularly attractive due to its significant increase in impact start-ups.

Norrsken VC Team

A significant signal for impact investing

Norrsken VC follows strict environmental and social criteria when selecting its investments. They are guided by the United Nations Sustainable Development Goals and are committed to ensuring that their entire investment process has a positive impact.

With its second fund, Norrsken VC is setting an important example for impact investing. They show that financial success and social responsibility can go hand in hand. Compliance with the EU regulation on disclosure of sustainable financial instruments underlines their commitment to transparency and sustainability.


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KfW Capital
Investor 2018 Frankfurt am Main KfW Capital KfW Capital is a public institutional investor that invests across sectors and stages in venture capital, venture debt and growth equity funds with exposure to Germany.

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