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/Investors/Norrsken Foundation
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Norrsken Foundation

norrsken.org ↗
4 investments·3 products on Liners
The Norrsken Foundation is a non-profit, non-partisan, and non-religious foundation founded by Niklas Adalberth, co-founder of Klarna. It operates as an impact ecosystem that connects entrepreneurs with capital, knowledge, and networks to build businesses addressing global challenges. The foundation runs hubs including Norrsken House in Stockholm, Sweden; Kigali, Rwanda; and Barcelona, Spain. Norrsken Foundation has been active in African fintech investments from March 2020 to October 2021, participating in four funding rounds totaling $6.3 million. It focused on seed stages for three investments and one venture round, targeting companies in South Africa, Nigeria, and Côte d'Ivoire. Backed startups include Stitch for enterprise payments in South Africa, Bamboo for US stock investing from Africa in Nigeria, and Djamo for mobile money management in Côte d'Ivoire. The foundation co-invested alongside notable players such as First Minute Capital, Village Global, and 500 Global, often with individuals like Tom Blomfield. It manages funds like the Norrsken Africa Seed Fund to support impact-driven entrepreneurs.

Total Invested

$6.3M

Active Since

Mar 2020

Latest Investment

Oct 2021

Top Stage

Seed

Norrsken Foundation Investment Regions

🇿🇦 South Africa (2)🇳🇬 Nigeria (1)🇨🇮 Côte d'Ivoire (1)

Norrsken Foundation Investment Sectors

Fintech (4)

Norrsken Foundation Investment Timeline

Favicon of StitchStitchSeed$2MOct 2021
withTom BlomfieldCharlie DelingpoleFirst Minute CapitalRaba CapitalMatt Robinson+5 more
Favicon of StitchStitchSeed$4MFeb 2021
withIyinoluwa AboyejiSima GandhiTom BlomfieldIqram Magdon-IsmailFirst Minute Capital+16 more
Favicon of BambooBambooVenture (Round not Specified)Nov 2020
withOutlierz Ventures
Favicon of DjamoDjamoSeed$300,000Mar 2020

Products Backed by Norrsken Foundation

Favicon of Stitch
Stitch🇿🇦
Enterprise online payments through one South African API
Fintech
Favicon of Bamboo
Bamboo🇳🇬
Buy US stocks from Africa with fractional investing
Fintech
Favicon of Djamo
Djamo🇨🇮
Manage money from your phone in one secure app
Fintech

Investors Similar to Norrsken Foundation

Tom Blomfield (2)First Minute Capital (2)Raba Capital (2)Village Global (2)Future Africa (2)500 Global (2)CRE Venture Capital (2)Charlie Delingpole (1)

FAQs About Norrsken Foundation

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