Norrsken Evolve Fund

Sweden
Pre Seed
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About Norrsken Evolve Fund

Pre-seed arm of Niklas Adalberth's Norrsken ecosystem (formerly Norrsken Accelerator); closed its fund at €62M, over 50% above the €40M target, and opened a permanent Amsterdam base with ~€3M ring-fenced for Dutch founders. Backs climate, resilience and deep-tech at pre-seed. LPs incl. EIF, Saminvest, SmartCap, Taavet Hinrikus and Sten Tamkivi. GP Alex Bakir.

Investment Focus

Location / RegionSweden
Funding StagePre Seed
Industry Focus
Biotech
Climate Sustainability
Deep Tech
Energy Tech
Infrastructure Tech

Investor Signals Profile

active

Sweet Spot

Energy infrastructure founders with AI expertise, Europe-focused

pre-seed
climate
deep tech
impact
energy infra
electrification
aviation

Bullish Signals

Active thought leadership on European energylinkedin
Norrsken VC pushing Electro Union narrativelinkedin
42K+ LinkedIn followers — high visibility fundlinkedin
Frykman featured on etn. media outletlinkedin
Fresh etn. media feature — 2 days agolinkedin
Frykman quoted: Europe fuel sovereignty crisislinkedin
terralayr actively hiring CoS — growth signallinkedin
Portfolio talent: 2 successful CoS exits/promotionslinkedin
Germany focus — pivotal energy market Europelinkedin
AI-native infrastructure play — next-gen energylinkedin
Heart Aerospace X1 flight validates electrificationlinkedin
Electric aviation 40% cost reduction potentiallinkedin

Contrarian Signals

Europe energy dependency = macro risk exposurelinkedin

Founder Do's

Energy infrastructure + AI-native mindset
Former mgmt/banking/founder/PE experience valued
Ultra-structured + execution bias required
High agency, competitive, team player
Hardware-software integration at scale wins

Founder Don'ts

No energy background = slower onboard
Low action bias, analysis paralysis
Solo players, poor team chemistry

Key GPs & Partners

DF
David Frykman
Partner
energy policyEurope advocatethought leader
PM
Philipp Man
Portfolio Company Lead (terralayr)
energy infrastructureaction-biasedtalent developer

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Fund Overview

Fund Size€62M
Saves0

Key People

Alex Bakir

David FrykmanPartner
Philipp ManPortfolio Company Lead (terralayr)

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