02-05-2025
Klarna Founder's VC Firm Sees Trump Energizing Europe on Climate
With the US stepping away from the fight against climate change and Europe still overly reliant on imported fossil fuels, the region needs to double down on investing in climate-friendly startups, said Agate Freimane, a general partner at venture capital firm Norrsken VC.
That's the plan for the Stockholm-based fund, which was launched in 2017 by Klarna co-founder Niklas Adalberth. After years of funding young companies involved in energy efficiency and sustainability, including the now-bankrupt battery maker Northvolt AB, Norssken became Europe's largest early-stage impact investor last year upon closing its second fund at €320 million ($364 million).
