Norrsken Launcher Fund II

About Norrsken Launcher Fund II

Deeptech venture-builder arm of the Norrsken ecosystem (founded by Klarna co-founder Niklas Adalberth). Closed oversubscribed at €80M hard cap. Makes 2-3 concentrated, hands-on investments per year in science-heavy companies. Added Saminvest (Swedish state-backed) as first institutional LP. Focus on energy, climate, industrial and materials innovation. Fund I portfolio includes Blykalla (SMRs), Grale, Renasens.

Investment Focus

Location / RegionSweden

Funding StageSeed

Industry Focus

Climate Sustainability

Deep Tech

Energy Tech

Manufacturing

Investor Signals Profile

active

Sweet Spot

Science-heavy founder ready to industrialize lab breakthrough with impact

deeptech-venture-builder

climate-materials

energy-innovation

industrial-tech

impact-investing

Bullish Signals

Oversubscribed at €80M hard capresearch

Team behind 16 unicorn companiesresearch

Saminvest added as institutional LPresearch

Contrarian Signals

Only 2-3 deals per year, ultra-concentratedresearch

Venture-builder model limits founder autonomyresearch

Founder Do's

Have lab-validated IP ready to scale

Engage customers early in development

Target billion-ton impact sectors

Be open to hands-on co-building model

Align with Article 9 sustainability goals

Founder Don'ts

Expect passive capital only

Pitch pure software plays

Avoid customer validation pre-investment

Key GPs & Partners

Erik Engellau-Nilsson

Managing Partner

hands-onthesis-drivenimpact-focused

Ash Pournouri

Co-founder

ex-foundercommunity-buildercontrarian

Anna Fredrixon

Partner

thesis-drivenpatient-capital

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Fund Overview

Fund Size€80M

Saves0

Website

Key People

Erik Engellau-NilssonManaging Partner

Ash PournouriCo-founder

Anna FredrixonPartner