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.
40% of their portfolio is in Climate & Energy. Their most common stage is pre-seed (47% of deals). Average disclosed round size is $4.4M (across 4 rounds with reported amounts).
Portfolio
13
Fund Size
$63M
Top Stage
Pre Seed
Last 12 Mo
4
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
15 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Bubble Robotics | Pre-Seed | $5M | Jan 2026 |
| TTolemy Bio | Pre-Seed | — | Jan 2026 |
 NobodyWho | Pre-Seed | — | Jan 2026 |
| NNobodyWho | Pre-Seed | — | Jan 2026 |
 Spoor | Seed | — | Jan 2024 |
 SunFi | Seed | $2.3M | Feb 2023 |
| Spoor | Series A | $8M | — |
 Drev | Seed | — | — |
| Drev | Pre-Seed | — | — |
 Spiral Hydrogen | Unknown | — | — |
 Recupere Metals | Seed | — | — |
 Berget AI | Unknown | $2.4M | — |
 Tetrax | Pre-Seed | — | — |
 Velatir | Seed | — | — |
 New Dawn Bio | Pre-Seed | — | — |
Top Co-Investors
The Footprint Firm3 shared
EnBW New Ventures2 shared
Superorganism2 shared
Factor[e]1 shared
Voltron Capital1 shared
Form Ventures1 shared
Sovereign's Capital1 shared
Futurum Ventures1 shared
Angel Invest1 shared
Transpose Platform1 shared
Episode 11 shared
Almi Invest GreenTech1 shared
Unconventional Ventures1 shared
byFounders1 shared
Superangel1 shared
Ring Capital1 shared
SISTAFUND1 shared
Together Fund1 shared
Earth Venture Capital1 shared
Luminar Ventures1 shared
Last updated: 8 September 2026