Norrsken’s new Evolve fund is a €57m bet on European resilience
18 aug. 2025
08:00
Swedish impact VC Norrsken has launched a new €57m fund. It's less climate tech, more ‘resilience’ – but won’t invest in weapons.
Today, the fund has unveiled its first cohort of 13 startups, chosen from a pool of 3000 applicants.
“It’s harder to get in here than at Stanford,” Rebecka Löthman Rydå, partner at Norrsken, tells Impact Loop Sweden with a chuckle.
Today, the fund has unveiled its first cohort of 13 startups, chosen from a pool of 3000 applicants.
“It’s harder to get in here than at Stanford,” Rebecka Löthman Rydå, partner at Norrsken, tells Impact Loop Sweden with a chuckle.
Norrsken is retiring its four-year-old accelerator and rolling out a new €57m pre-seed fund, Norrsken Evolve, with a bigger cheque size and a focus on European resilience.
“Resilience as part of the investment thesis is a bit new for us, although we’ve made those kinds of investments before, along with sustainability and climate, which are always important to us,” says Löthman Rydå.