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Norrsken Foundation company logo
Non-Profit Foundation
norrskenfoundation.org

Investments

42

Portfolio Exits

1

Funds

4

Partners & Customers

3

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.

Headquarters Location

Stockholm,

Sweden

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Latest Norrsken Foundation News

Sweden’s Norrsken Foundation launches $4.4M psychedelics mental health initiative

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.

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Norrsken Foundation Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/5/2022

Seed VC

Kapu

$8M

Yes

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

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10

6/1/2022

Series A - II

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10

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

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Amount

$8M

$3.4M

$50M

New?

Yes

No

Yes

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Co-Investors

Sources

10

19

12

10

10

Norrsken Foundation Portfolio Exits

1 Portfolio Exit

Norrsken Foundation has 1 portfolio exit. Their latest portfolio exit was Vultus on May 20, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/20/2022

IPO

$99M

Public

3

Date

5/20/2022

Exit

IPO

Companies

Valuation

$99M

Acquirer

Public

Sources

3

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

$99M

10

5/30/2017

Norrsken Foundation Fund I

$99M

10

Norrsken Kigali

10

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

$99M

$99M

Sources

3

10

10

10

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

United States

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10

7/2/2018

Vendor

Sweden

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10

Date

5/16/2022

3/20/2020

7/2/2018

Type

Partner

Vendor

Vendor

Business Partner

Country

Sweden

United States

Sweden

News Snippet

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Sources

1

10

10

Norrsken Foundation Team

5 Team Members

Norrsken Foundation has 5 team members, including , .

Name

Work History

Title

Status

Niklas Adalberth

Founder

Current

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Name

Niklas Adalberth

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Work History

Title

Founder

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Status

Current

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