Profile
Norrsken Launcher is an impact-focused investment firm headquartered in Stockholm, Sweden. It was founded by Klarna co-founder Niklas Adalberth. The firm takes a unique approach by providing deep operational support to a small number of companies to help bring scientific and technological innovations to market. The team includes partners Erik Engellau-Nilsson and Anna Fredrixon, and they emphasize having industrial partnerships before investing, marking a deviation from typical VC models.
Norrsken Launcher invests globally, targeting pre-seed and seed stages with a focus on impactful innovations that have confirmed industrial interest. Their typical initial check size ranges from $1 to $3 million, and they follow an 'impact-agnostic' investment strategy. The total assets under management are supported by Fund I at approximately €62 million and the newly closed Fund II at €80 million. Prominent LPs include European family offices and the Swedish state-backed investor Saminvest.
Notable investments include Cler - an air purification company, Renasens - a textile recycler, and Blykalla - a company engaged in energy innovation. The firms they work with often begin with a proven technology and industrial partnerships already established, ensuring low technology risk and scalability potential.
Industry
Norrsken Launcher Funds
| Name | Type |
|
|
|
Size | AUM | Launch date |
|---|---|---|---|---|---|---|---|
|
Fund II
|
Venture Capital (VC)
|
Industrial
Other
Energy
|
Series A
Series B
|
Europe
|
$1-5 m
|
$88 M
|
June 2026
|
|
Norrsken Evolve $68M Fund (2026)
|
Venture Capital (VC)
|
Food and Beverage
Industrial
Energy
Cybersecurity
HealthTech
Mobility
ClimateTech
WaterTech
|
Pre-seed
|
Europe
|
$0-1 m
|
$68.2 M
|
July 2026
|
Contacts
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