
Investments
42Portfolio Exits
1Funds
4Partners & Customers
3About Norrsken Foundation
Norrsken Foundation is a non-profit Foundation with a strong belief in Effective Altruism. The foundation supports and invests in both for-profit businesses and non-profit organizations, whichever it believes is most likely to have a positive impact on society.

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Latest Norrsken Foundation News
Sep 14, 2023
Mugglehead Magazine Sweden’s Norrsken Foundation launches $4.4M psychedelics mental health initiative Funds will be used to study psilocybin and MDMA-assisted therapy; non-profit says Sweden needs to ‘catch up’ in this area of research By Psilocybe semilanceata (liberty cap) psychoactive mushrooms in Sweden. Photo by Arp via Wikimedia Commons A Swedish non-profit is investing €3.3 million in psychedelics research so the country can become a more established influence in the field. The Norrsken Foundation announced the creation of the Norrsken Mind: Psychedelic Science Initiative on Wednesday, which will be focused on investigating the potential of psychoactive substances for the treatment of mental health conditions. The funds will initially be utilized for studies on psilocybin and MDMA-assisted therapy at the Karolinska Institutet, a prestigious medical school in Stockholm and Umeå University — a public research institute in northern Sweden. The foundation hopes these studies will provide it with insight into cognitive and neurobiological changes linked to psilocybin therapy and the efficacy of MDMA for treating depression in young adults. Norrsken says the study being planned on MDMA would be the first of its kind in the country and that Norrsken Mind was created to help the country “catch up” to the rest of the world in psychedelics research, a rapidly developing field with significant implications for mental health. “There are plenty of interested researchers in Sweden and across Europe, and with the right funding and conditions in place, we can help them investigate more effective treatment options, accelerate psychedelic research, and ensure that Sweden does not stay behind the rest of the world,” said Norrsken Mind’s Managing Director Emma Christersson. Through fundraising and grant opportunities, we will catalyse more research in Sweden and across Europe to improve the understanding of psychedelic-assisted treatments, including their potential risks and effectiveness.
Norrsken Foundation Investments
42 Investments
Norrsken Foundation has made 42 investments. Their latest investment was in Kapu as part of their Seed VC on December 12, 2022.

Norrsken Foundation Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
12/5/2022 | Seed VC | Kapu | $8M | Yes | Alexander Rittweger, Base Capital, Biz Stone, Firstminute Capital, Founder Collective, Giant Ventures, Ilkka Paananen, Norrsken Foundation, Raven One Ventures, Tom Blomfield, and Undisclosed Angel Investors | 10 |
11/29/2022 | Seed VC | ORDA | $3.4M | No | 19 | |
11/14/2022 | Series B | BeZero | $50M | Yes | 12 | |
11/2/2022 | Pre-Seed | |||||
6/1/2022 | Series A - II |
Date | 12/5/2022 | 11/29/2022 | 11/14/2022 | 11/2/2022 | 6/1/2022 |
---|---|---|---|---|---|
Round | Seed VC | Seed VC | Series B | Pre-Seed | Series A - II |
Company | Kapu | ORDA | BeZero | ||
Amount | $8M | $3.4M | $50M | ||
New? | Yes | No | Yes | ||
Co-Investors | Alexander Rittweger, Base Capital, Biz Stone, Firstminute Capital, Founder Collective, Giant Ventures, Ilkka Paananen, Norrsken Foundation, Raven One Ventures, Tom Blomfield, and Undisclosed Angel Investors | ||||
Sources | 10 | 19 | 12 |
Norrsken Foundation Portfolio Exits
1 Portfolio Exit
Norrsken Foundation has 1 portfolio exit. Their latest portfolio exit was Vultus on May 20, 2022.
Norrsken Foundation Fund History
4 Fund Histories
Norrsken Foundation has 4 funds, including Norrsken22 African Tech Growth Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
1/31/2022 | Norrsken22 African Tech Growth Fund | $110M | 3 | ||
3/17/2021 | Norrsken Impact Fund | ||||
5/30/2017 | Norrsken Foundation Fund I | ||||
Norrsken Kigali |
Closing Date | 1/31/2022 | 3/17/2021 | 5/30/2017 | |
---|---|---|---|---|
Fund | Norrsken22 African Tech Growth Fund | Norrsken Impact Fund | Norrsken Foundation Fund I | Norrsken Kigali |
Fund Type | ||||
Status | ||||
Amount | $110M | |||
Sources | 3 |
Norrsken Foundation Partners & Customers
3 Partners and customers
Norrsken Foundation has 3 strategic partners and customers. Norrsken Foundation recently partnered with AFRY on May 5, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
5/16/2022 | Partner | Sweden | 1 | ||
3/20/2020 | Vendor | ||||
7/2/2018 | Vendor |
Date | 5/16/2022 | 3/20/2020 | 7/2/2018 |
---|---|---|---|
Type | Partner | Vendor | Vendor |
Business Partner | |||
Country | Sweden | ||
News Snippet | |||
Sources | 1 |