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"Our long-term vision is to see every dollar invested globally as a net positive for people and planet."
So says Niklas Adalberth, the founder of Norrsken Foundation, which operates Norrsken VC, a Swedish venture capital fund that's investing in startups that have a positive impact on society and the environment.
The fund has just closed its second fund at $340 million, more than its initial target of $250 million, reports the Local.
The fund will invest in startups in sectors such as climate tech, energy, biotech AI, and health tech, aiming to support visionary founders and create companies that benefit 1 billion lives.
"While more funds have joined the sector since our inception, it remains relatively uncrowded, with less than 1% of global capital dedicated to impact investments," Tove Larsson, the general partner of Norrsken VC, says in a press release.
"Norrsken VC stands out for its results-oriented approach, backing the top 1% of startups in the impact sector, which includes several unicorn companies."
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Social Entrepreneurship
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200 New Jobs To Be Created With Social Enterprise That Reuses IT
The Regional and European Co-Operative for Social Industry (RECOSI) is a new Irish social enterprise which aims to divert IT and electrical goods from being recycled.