
Norrsken Accelerator
Description
Norrsken Accelerator, an initiative of the broader Norrsken Foundation based in Stockholm, Sweden, stands out as a leading accelerator program dedicated exclusively to impact startups. Its core mission is to identify, support, and scale companies that have the potential to positively affect millions of lives, addressing some of the world's most pressing challenges. Unlike traditional accelerators that might focus solely on financial returns, Norrsken prioritizes ventures that combine strong business models with significant societal or environmental impact, aligning profit with purpose.
The accelerator program is highly competitive and structured to provide intensive support to its selected cohort. Each year, Norrsken Accelerator invests $125,000 into approximately 20 of the most promising impact startups globally, typically via a Simple Agreement for Future Equity (SAFE). This investment is coupled with an intensive 8-week program designed to accelerate growth and prepare companies for subsequent funding rounds. The program boasts an extremely low acceptance rate, historically around 0.8%, underscoring its selectivity and the high caliber of startups it attracts.
Beyond the initial capital injection, Norrsken Accelerator offers unparalleled access to a global network of mentors, investors, and corporate partners. Participants benefit from tailored mentorship, strategic guidance, and workshops focused on scaling impact and business operations. The program aims to equip founders with the tools and connections necessary to secure follow-on funding and achieve widespread adoption of their solutions. By fostering a collaborative environment focused on impact, Norrsken Accelerator plays a crucial role in nurturing the next generation of world-changing companies.
Investor Profile
Norrsken Accelerator has backed more than 27 startups, with 2 new investments in the last 12 months alone. The firm has led 18 rounds, about 67% of its total and boasts 0 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Pre Seed, Seed rounds (top funding stages).
- Majority of deals are located in Sweden, United States, Kenya.
- Strong thematic focus on Software, Artificial Intelligence (AI), Information Technology.
- Typical check size: $125K.
Stage Focus
- Pre Seed (93%)
- Seed (7%)
Country Focus
- Sweden (33%)
- United States (19%)
- Kenya (11%)
- Germany (7%)
- France (7%)
- Uganda (4%)
- Nigeria (4%)
- Turkey (4%)
- United Kingdom (4%)
- Finland (4%)
Industry Focus
- Software
- Artificial Intelligence (Ai)
- Information Technology
- Financial Services
- Sustainability
- Saas
- Renewable Energy
- Biotechnology
- E-commerce
- Agriculture
Frequently Asked Questions
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