Norrsken launches €57M fund to back early-stage impact startups in Europe

Norrsken, the impact ecosystem founded by Klarna co-founder Niklas Adalberth, has launched Norrsken Evolve, a €57 million fund targeting early-stage, impact-driven companies across Europe. The new vehicle expands the Norrsken Accelerator, which has supported 80 startups since 2021.

Headquartered in Stockholm, Norrsken also operates hubs in Kigali, Barcelona and Brussels, and has raised more than $700 million across several funds since its inception.

Norrsken Evolve will be led by General Partners Johan Attby, Alex Bakir and Rebecka Löthman Rydå. Each selected startup will receive an initial €250,000 investment - double the sum provided under the previous programme, with scope for follow-on funding. Beyond capital, participants will take part in in-person sprints designed to offer scale-up support from experienced founders, investors and operators.‍

“With Europe in the midst of environmental, geo-political and financial turmoil, many feel demoralised. Yet there is a rising wave of pioneers in the fields of science and technology who have the vision to tackle the severe challenges we face head on with groundbreaking solutions. We want to champion these founders by providing them with the capital and support needed to evolve their seedling of an idea into a fully flourished, world-changing business.” said Rebecka Löthman Rydå, General Partner at Norrsken Evolve.

The first portfolio companies are:

Aiomics – using AI to transform Europe’s medical documentation into actionable intelligence.

Atmospheric AI – applying artificial intelligence to the material world to bring greater transparency to global supply chains.

Bubble Robotics – developing underwater robotic constellations to support infrastructure, ecosystems, and climate resilience.

Chain Bioreactor – creating affordable, scalable bioreactors through 3D printing.

FION Energy – building smart industrial battery storage systems designed to maximize energy savings.

Humla – offering a wearable AI platform that enables hands-free use of medical applications.

Jälle Technologies – upcycling battery waste into valuable materials, including lithium and graphene-like substitutes.

New Dawn Bio – pioneering biotechnology that accelerates the production of wooden products thousands of times faster than natural growth.

Super6 – advancing supercapacitor technology for high-power, clean energy solutions.

TetraxAI – developing an AI-powered platform to accelerate and de-risk energy transition infrastructure.

‍Funda Sezgi, co-CEO of the Norrsken Foundation and co-founder of Norrsken Accelerator added: “When we launched Norrsken Accelerator four years ago, our mission was clear: to build a pipeline of emerging impact-tech unicorns and support founders at the moments that matter most. We’ve proven the model works. Now, with the €57m Norrsken Evolve fund and a world-class team behind it, we’re doubling down – backing the most promising startups tackling global resilience and sustainability challenges with capital, expert guidance, and connection to the broader Norrsken ecosystem.”