Norrsken Vc Closes ‚¬320M


credit:

"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."



Read the Entire Article


Selected Foundation News

A customized collection of news from foundations from around the Web.

Citiesalive 2024 to Feature Pioneering Green Infrastructure

CitiesAlive 2024 will take place at various locations in Toronto on November 6 9th.Learn from the experts over two full days covering the latest designs, research, policy, and system...more

How the Innovation Fund Supports Decarbonisation

The ETS Innovation Fund is one of the world's most extensive funding programmes for demonstrating innovative low carbon technologies.Since 2020, the Innovation Fund (grant) has provided around 2.5B ...more

Jackson Trail Extension to Benefit From $6.5M State Grant Program

Efforts to improve Jackson's main pedestrian trail will receive a $200,000 boost from a state program to update Michigan's transportation infrastructure.The funding comes from the state's Shared...more

Bourne and Sandwich Schools Score State Grant Money

State grant money is on the way to the Bourne and Sandwich school districts.Bourne Schools are getting 15-grand and Sandwich schools will receive more than...more

Heart of the Humanities: New Sister Maria Cordis Richey Center for the Humanities and Creative Arts

Sister Maria Cordis Richey, a renowned poet and former president of New Jersey's Georgian Court University, died last month at the age of 50. She left behind a center for the humanities and...more

Huntington Local Middle School Celebrates New Smartlab

"I believe this program places Huntington Local Schools on the cutting edge of what 21st-century schools should be." So says Pete Ruby, superintendent of Ohio's Huntington Local Middle School,...more

Eaton Academy'S Smartlab Revolutionizes Stem Education

"By providing hands-on learning opportunities, SmartLab ensures that students develop the skills to solve complex problems and the creativity to innovate in an ever-changing world," Bryan Kind, head...more

Iowa Lakes Community College to Launch High School Drone Course with Aviation Grant

High school students in Iowa can now get a leg up on the rest of the country thanks to a nearly $500,000 FAA grant. The grant will allow Iowa Lakes Community College to launch a course in drone...more

Lake Chelan Principals Honored for Dedication to Students and Staff

"They model can-do attitudes and are servant leaders by doing everything in their power to make sure students and staff have the support they need to be successful." That's what Lake Chelan...more

Painting, Sculpture, More: The Tennessean Student of the Week Is All about Art. Vote Now

Katherine Conatser is a senior at Montgomery Central High School in Clarksville, Tenn., with a GPA of 4.0, has been in the art department for four years, has completed art one, two, and three, and...more






Young at 24, Juan David Aristizabal Ospina is a social entrepreneur who founded Buena Nota, a platform that accentuates social entrepreneurs and citizens in Colombia making  positive changes and raising awareness about social problems that need to be addressed.




Federal Government Grant and Assistance Programs



Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders