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Norrsken Accelerator

Europe, Stockholms Lan, Sweden, Stockholm

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
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Norrsken Accelerator frequently co-invest with?

Bold Angel Fund
Africa, Lagos, Nigeria, Lagos
Co-Investments: 1
African Renaissance Partners
North America, District of Columbia, United States, Washington
Co-Investments: 1
Ajim Capital
North America, Texas, United States, Austin
Co-Investments: 1
Hustle Fund
North America, California, United States, San Carlos
Co-Investments: 1
The Draper Richards Kaplan Foundation
North America, California, United States, Menlo Park
Co-Investments: 1
Zephyr Acorn
Africa, Nairobi Area, Kenya, Kabete
Co-Investments: 1
H
Europe, Dublin, Ireland, Dublin
Co-Investments: 1
Acquired Wisdom Fund
North America, California, United States, Mountain View
Co-Investments: 1
Microtraction
Africa, Lagos, Nigeria, Lagos
Co-Investments: 1
Voltron Capital
Africa, Lagos, Nigeria, Lagos
Co-Investments: 1

Which angels does Norrsken Accelerator often collaborate with?

Shared Deals: 1
Shared Deals: 1
Ken Njoroge
Africa, Nairobi Area, Kenya, Nairobi
Shared Deals: 1
MB
Europe, Stockholms Lan, Sweden, Stockholm
Shared Deals: 1
DL
Europe, England, United Kingdom, London
Shared Deals: 1
Shared Deals: 1
BF
North America, California, United States, Stanford
Shared Deals: 1

What are some of recent deals done by Norrsken Accelerator?

Billboxx

New York, New York, United States

Cash flow solutions enabling businesses in Africa to pay and get paid on time, every time through an integrated billing-to-payment platform

Financial Services
Pre SeedDec 11, 2024
Amount Raised: $1,600,000
Chpter

Nairobi, Nairobi Area, Kenya

Chpter is an AI-driven conversational commerce platform that enhances sales through social media.

Artificial Intelligence (AI)Digital MarketingSMSSoftware
Pre SeedSep 2, 2024
Amount Raised: $1,200,000
Net Zero Build

Stockholm, Stockholms Lan, Sweden

Net Zero Build offers an AI-driven platform designed to streamline and automate the sustainable building certification process.

Artificial Intelligence (AI)Green BuildingPropTechReal EstateReal Estate InvestmentSaaSSustainability
Pre SeedJul 8, 2024
Amount Raised: $125,000
Kavaken

Istanbul, Istanbul, Turkey

Smart virtual assistant revolutionizing the renewables O&M industry

Artificial Intelligence (AI)Renewable EnergySoftwareSustainability
SeedJun 26, 2024
Amount Raised: $1,100,000
Nobody Engineering

Tampere, Western Finland, Finland

The legacy-first independent data layer (IDL) for connecting building automation to digital services.

Internet of ThingsRoboticsSmart Building
Pre SeedJun 8, 2024
Amount Raised: $125,000
FLOX

Stockholm, Stockholms Lan, Sweden

A wildlife intelligence AI company creating a world where humans and wildlife coexist.

Generative AISoftwareTransportationWildlife Conservation
Pre SeedJun 3, 2024
Amount Raised: $125,000
BrainZell

Stockholm, Stockholms Lan, Sweden

BrainZell uses stem cell-based models that match the human brain better than that of animals.

3D TechnologyBiotechnologyPharmaceutical
Pre SeedJun 3, 2024
Amount Raised: $125,000
Lex Energy

Göteborg, Vastra Gotaland, Sweden

Lex Energy offers advanced energy solutions and Delivering fast EV charging in areas with limited power grid capacity.

Charging Infrastructure
Pre SeedJun 3, 2024
Amount Raised: $125,000
Rye

San Francisco, California, United States

Rye builds developer tools and APIs to build eCommerce experiences

AppsContent CreatorsDeveloper APIsE-Commerce
Pre SeedJun 3, 2024
Amount Raised: $125,000
Crane Biosciences

Delaware, Ohio, United States

Crane Biosciences develops gene therapies using RBCNPs to evade the immune system, aiming to cure genetic diseases.

BiotechnologyGeneticsTherapeutics
Pre SeedJun 3, 2024
Amount Raised: $125,000