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N

Norrsken

Venture Capital

Impact venture capital firm that recently backed Material Evolution.

Portfolio

8

companies

Investment by month

By category

  • EnergyTech£118M
  • CleanTech£70.0M
  • AI/ML£15.0M
  • HealthTech£14.4M
  • RetailTech£12.0M
  • Other£6.5M

By location

  • London£221M
  • United Kingdom£15.0M

Portfolio companies

A

Altruistiq

Altruistiq provides sustainability and carbon accounting software for large enterprises.

Ankar

Ankar

Ankar builds an artificial intelligence operating system for corporate innovation and patent protection.

BeZero Carbon

BeZero Carbon

BeZero Carbon operates a ratings agency that evaluates carbon offset projects.

CF

Collectiv Food

Collectiv Food provides a next generation B2B food supply service for professional kitchens.

GE

Granular Energy

Granular Energy develops software to improve transparency and tracking in the green energy sector.

ME

Material Evolution

Material Evolution produces low-carbon cement from industrial waste streams.

View all 8 companies

Team

AD

Alexander Danielsson

Investment Director

AF

Agate Freimane

General Partner

Agate brings venture capital, alternative investments, and investment banking experience from Morgan Stanley, BrickVest, and Norrsken VC.

LinkedIn
DF

David Frykman

General Partner


Recent investments

Series A
£15.0M

The Series A round was led by Atomico with participation from Index Ventures, Norrsken VC and Daphni.

"Invention is how we solve humanity’s biggest challenges, yet the systems that protect those ideas are decades out of date. AI will redefine how global organisations innovate over the next five years, turning IP from a cost centre into a growth driver. The companies that adopt Ankar now will shape the future of innovation."
— Tamar Gomez, Co-founder
Series A
$19.0M

The London healthtech startup secured backing from Balderton and Pentland to scale manufacturing and regulatory pathways for its continuous glucose monitor.

"During their time at Imperial, they worked in one of the pioneering research groups that invented modern glucose strip technology. Their combined expertise in electrochemistry, biosensing, and medical device engineering laid the foundation for Sava’s next-generation biosensor platform."
— Renato Circi
Series A
£113M

The financing comprises £13m in equity and a £100m debt facility from Crédit Agricole CIB.

"Sunsave was founded in 2022 with a mission to make solar and battery storage accessible to all UK households. Since launch, our £0 upfront subscription has seen rapid adoption, helping homes save hundreds of pounds on their energy bills and make a real difference to their finances. This £113M fundraise is a significant milestone in our journey – it will let us meet rapidly growing demand, launch new products, and give customers peace of mind that we’ll be here to support them for the long term."
— Alick Dru, Co-founder and CEO
Seed
£5.4M

Norrsken led the seed round alongside IPGL, Plug and Play, and notable angel investors.

"We’re demonstrating to UK consumers that being green doesn’t have to be a choice between doing what’s right for the environment or doing what’s best for your pocket. With Sunsave’s solar subscription you can go green and save money immediately. With energy prices expected to remain elevated for the foreseeable future, this is more important than ever."
— Alick Dru, Co-founder and CEO
Seed
€7.5M

The seed round was led by Norrsken VC to help expand the company software for tracking renewable energy sources.

"One of the most effective things anyone can do to reduce their carbon footprint is to purchase energy from carbon-free sources. We’re helping energy companies create more transparent offers for their customers to make switching to clean energy more accessible and more impactful. Consumers deserve to know whether their electricity comes a source that is either destroying our planet or is part of our future."
— Toby Ferenczi, Co-Founder