Norrsken VC

Impact fund. Focuses on continental Nordics: Finland, Sweden, Norway, Denmark, with some emphasis also on Baltics. Prefers co-investing outside Sweden, but has also led rounds outside their home market.

Invests €0.5-1M on early stage companies. They exceptionally invest up to €2M initial tickets on later stage companies. Looking for a 5-10x return.

Ticket size: €500k-€2,000k, sweet spot €1,000k, maximum allocation with follow-on investments €6,000k per company

https://www.norrskenfoundation.org/vc/