Fund profile / Sweden

Norrsken Launcher Fund II

Geography
Sweden
Stage
Seed
Fund size
€80M
Focus
Climate & Sustainability, Deep Tech, Energy Tech and Manufacturing
Signals
Published
Share
N°01 / About

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.

N°02 / Thesis

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

16 signals on Norrsken Launcher Fund II

3 bullish · 2 contrarian · 5 pitch do's · 3 don'ts · 3 GP profiles, each with its source. From €9/month, cancel anytime.

Facts

Fund Overview

Fund Size€80M
Saves0
People

Key People

Erik Engellau-NilssonManaging Partner
Ash PournouriCo-founder
Anna FredrixonPartner
Backers

Known LPs

SaminvestFund-of-Funds
N°04 / See also

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