Norrsken22

Norrsken22 is a venture capital fund focused on supporting early-stage and growth-stage tech companies across Africa. The fund is managed by a team of general partners with extensive experience in the African tech ecosystem, based in Kenya, Nigeria, and South Africa. Norrsken22 is backed by the Norrsken Foundation and a network of investors who have built and backed some of the world's most successful tech companies. The fund invests in disruptive, scalable, and tech-enabled business models in sectors such as FinTech, MedTech, Market Enablement, and EdTech. Norrsken22 primarily focuses on key tech hubs in Nigeria, Kenya, South Africa, and Ghana, leveraging its local presence to understand opportunities and identify the best solutions. The fund's investment size ranges from $580,000 to $3.5 million, providing both capital and strategic value to founders. Norrsken22 operates as an independent and for-profit growth fund but shares the same values as the Norrsken Foundation. The fund's advisory council comprises business leaders from across the African continent, offering deep industry insight, local knowledge, and global perspectives. Norrsken22 works closely with its founding partner, the Norrsken Foundation, which is a global non-profit dedicated to helping entrepreneurs solve the world’s greatest challenges. In 2021, Norrsken opened Norrsken House in Kigali, Rwanda, the largest hub for entrepreneurs in East Africa, further strengthening its commitment to the African startup ecosystem. Norrsken22's portfolio includes companies such as Taager, a B2B e-commerce platform, and Raenest, a property technology company. The fund completed its final close at $205 million in November 2023, demonstrating strong investor confidence in its strategy and approach to supporting African tech entrepreneurs.

Disruptive and scalable business models, Tech-enabled solutions, Focus on FinTech, MedTech, Market Enablement, or EdTech sectors, Operations in Nigeria, Kenya, South Africa, or Ghana