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Non-Profit Foundation
norrskenfoundation.org

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Investments

34

Funds

3

Partners & Customers

2

About 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.

Norrsken Foundation Headquarter Location

Stockholm,

Sweden

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Latest Norrsken Foundation News

Norrsken Foundation provides support to two Rwandan tech startups

Nov 18, 2021

PesaChoice and Viebeg, two Rwandan software firms, have received initial investment from the Norrsken Foundation in Kigali. Norrsken was founded in 2016 by Niklas Adalberth, one of the founders of Swedish fintech unicorn Klarna, with the goal of assisting entrepreneurs in addressing the world’s most pressing issues. The impact and digital entrepreneurship support organization, Disrupt Africa, announced in 2019 that it has opened operations in Kigali, Rwanda, as a platform for investment across the East and Central African area. Norrsken Foundation has announced seed investments in Kigali-based firms PesaChoice and Viebeg Technologies ahead of the “beta” debut of its Norrsken House co-working facility in Kigali in less than a month. PesaChoice is a financial technology firm that helps consumers with limited access to institutional credit bridge the gap between their paychecks and unforeseen costs. Users may apply for micro-loans at a set interest rate quickly and easily, removing the need for unscrupulous lenders, mounds of paperwork, and long wait periods to acquire cash. Meanwhile, Viebeg is an e-health company developing a procurement platform to ensure that healthcare institutions always have the proper sort and quantity of goods in-store to treat patients. Over 230 hospitals in Rwanda, Burundi, and Congo utilise its software, which helps them acquire supplies more effectively and saves them up to 40% on costs. “We are committed to building a thriving ecosystem for East Africa startups, with Norrsken House in Kigali as the epicenter. These investments are part of that commitment. We believe Kigali has a bright future ahead as one of Africa’s leading hubs for entrepreneurs, and we want to help accelerate that journey,” said Pascal Murasira, managing director of Norrsken East Africa. “Our vision for PesaChoice is to make an impact through providing access to finance. We are proud to be part of the Norrsken family because of our shared vision for Kigali’s future as a startup hub,” said Davis Davis Nteziryayo, chief executive officer (CEO) and co-founder of PesaChoice, which also plans to relocate its operations to Norrsken House Kigali once the house opens. “Norrsken’s investment is going to help our company build predictive analytics models that improve health care in the region with local talents. We are excited to be part of the fast-growing, thriving tech environment in Kigali, which Norrsken is accelerating,” said Tobias Reiter, CEO, and founder of Viebeg Technologies.

Norrsken Foundation Investments

34 Investments

Norrsken Foundation has made 34 investments. Their latest investment was in PesaChoice as part of their Seed - II on November 11, 2021.

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Norrsken Foundation Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/18/2021

Seed - II

PesaChoice

Yes

1

11/18/2021

Seed

Viebeg Technologies

Yes

1

2/25/2021

Seed VC

Stitch

$4M

Yes

4

11/26/2020

Seed VC - III

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$99M

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10

10/29/2020

Seed VC

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$99M

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10

Date

11/18/2021

11/18/2021

2/25/2021

11/26/2020

10/29/2020

Round

Seed - II

Seed

Seed VC

Seed VC - III

Seed VC

Company

PesaChoice

Viebeg Technologies

Stitch

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Amount

$4M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

4

10

10

Norrsken Foundation Fund History

3 Fund Histories

Norrsken Foundation has 3 funds, including Norrsken Impact Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/17/2021

Norrsken Impact Fund

$149M

5

5/30/2017

Norrsken Foundation Fund I

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$99M

10

Norrsken Kigali

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$99M

10

Closing Date

3/17/2021

5/30/2017

Fund

Norrsken Impact Fund

Norrsken Foundation Fund I

Norrsken Kigali

Fund Type

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Status

Amount

$149M

$99M

$99M

Sources

5

10

10

Norrsken Foundation Partners & Customers

2 Partners and customers

Norrsken Foundation has 2 strategic partners and customers. Norrsken Foundation recently partnered with White & Case on March 3, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

3/20/2020

Vendor

White & Case

United States

White & Case Joins Norrsken Foundation's Action Against Corona Initiative.

`` COVID-19 is a worldwide crisis and , as a global law firm with strong resources and a pro bono commitment across the partnership , we are committed to working with the Norrsken Foundation as it launches this important initiative to fight the impact of the virus , '' said Stockholm-based White & Case partner Magnus Wennerhorn .

1

7/2/2018

Vendor

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10

Date

3/20/2020

7/2/2018

Type

Vendor

Vendor

Business Partner

White & Case

Country

United States

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News Snippet

White & Case Joins Norrsken Foundation's Action Against Corona Initiative.

`` COVID-19 is a worldwide crisis and , as a global law firm with strong resources and a pro bono commitment across the partnership , we are committed to working with the Norrsken Foundation as it launches this important initiative to fight the impact of the virus , '' said Stockholm-based White & Case partner Magnus Wennerhorn .

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Sources

1

10

Norrsken Foundation Team

3 Team Members

Norrsken Foundation has 3 team members, including current Chief Executive Officer, Erik Engellau-Nilsson.

Name

Work History

Title

Status

Erik Engellau-Nilsson

Chief Executive Officer

Current

Christer Bergquist

Chief Financial Officer

Current

Frida Siwe

Chief Financial Officer

Former

Name

Erik Engellau-Nilsson

Christer Bergquist

Frida Siwe

Work History

Title

Chief Executive Officer

Chief Financial Officer

Chief Financial Officer

Status

Current

Current

Former

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