Climate & EnergyManufacturingMobility & TransportationConstructionFood & AgricultureHealthcareCybersecurity
Norrsken Evolve is a Stockholm-based pre-seed venture capital fund launched by the Norrsken Foundation, backing European founders building resilient and sustainable impact-tech companies across energy, manufacturing, mobility, health tech, and cybersecurity. It is the rebranded and expanded successor to the Norrsken Accelerator, closing its inaugural fund at €57M.
Deal activity increased 100% year-over-year (2 deals in the last 12 months). Their most common stage is pre-seed (45% of deals). Average disclosed round size is $2.8M (across 6 rounds with reported amounts).
Portfolio
18
Fund Size
$63M
Top Stage
Pre Seed
Last 12 Mo
2
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
20 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| IInfiniNode | Unknown | — | Jul 2026 |
 Berget AI | Unknown | $2.4M | Feb 2026 |
 Bubble Robotics | Pre-Seed | $5M | Jan 2026 |
| TTolemy Bio | Pre-Seed | — | Jan 2026 |
 NobodyWho | Pre-Seed | — | Jan 2026 |
| NNobodyWho | Pre-Seed | — | Jan 2026 |
| IInfiniNode | Unknown | — | Jan 2026 |
 Volve | Seed | $3M | Jan 2026 |
 AIOMICS | Pre-Seed | — | Sep 2025 |
| AIOMICS | Pre-Seed | — | Jan 2025 |
 SunFi | Seed | $2.3M | Feb 2023 |
 Drev | Seed | — | — |
 Spiral Hydrogen | Unknown | — | — |
 Recupere Metals | Seed | — | — |
 Tetrax | Pre-Seed | — | — |
 Velatir | Seed | — | — |
 Emata | Seed | $2.4M | — |
 New Dawn Bio | Pre-Seed | — | — |
 Solinide Photonics | Seed | — | — |
 BILLBOXX | Pre-Seed | $1.6M | — |
Top Co-Investors
The Footprint Firm3 shared
Almi Invest3 shared
GG13 shared
Vorwerk Ventures2 shared
Calm/Storm Ventures2 shared
Rule302 shared
private angel investors2 shared
Factor[e]1 shared
Voltron Capital1 shared
Form Ventures1 shared
Sovereign's Capital1 shared
Angel Invest1 shared
Transpose1 shared
Transpose Platform1 shared
Episode 11 shared
Almi Invest GreenTech1 shared
byFounders1 shared
Superangel1 shared
Ring Capital1 shared
SISTAFUND1 shared
Last updated: 20 October 2026