Latest news with #NiklasAdalberth
Bloomberg
25-06-2025
- Business
- Bloomberg
Klarna Founder's VC Firm Pledges €300 Million Investment in AI
Swedish impact investor Norrsken VC has pledged to invest €300 million ($348 million) in artificial intelligence startups that aim to help solve some of the climate's most pressing needs. The venture capital firm, founded by Klarna co-founder Niklas Adalberth, plans to invest in AI companies alongside its early-stage funds Norrsken Accelerator and Norrsken Launcher, according to a statement on Wednesday.
The Star
25-06-2025
- Business
- The Star
Swedish investor Norrsken earmarks $348 million for 'AI for good'
FILE PHOTO: A message reading "AI artificial intelligence," a keyboard and robot hands are seen in this illustration created on January 27, 2025. REUTERS/Dado Ruvic/Illustration/File Photo STOCKHOLM (Reuters) -Sweden's Norrsken Foundation has committed 300 million euros ($348 million) to investing in European startups that are using "AI for good" for solving challenges in climate, health, food, education and society, it said on Wednesday. The foundation, established in 2016 by Klarna founder Niklas Adalberth, manages several venture capital and investment funds, which have a combined assets of over $1 billion. "AI is not just another productivity boost, it's a real chance to fix what truly matters," said Agate Freimane, general partner at the foundation's venture capital arm Norrsken VC. Barring companies such as Google Deepmind, most AI firms are working on systems that are focused on business customers. "Artificial intelligence is the most powerful tool humanity has ever created," Freimane said "Yet, so far we are mainly using it to optimise clicks and automate emails." Venture capital-backed start-ups in the first quarter raised over $80 billion, a nearly 30% increase over the fourth quarter last year, according to professional services group EY. ($1 = 0.8631 euros) (Reporting by Supantha Mukherjee based in Stockholm, editing by Anna Ringstrom)
Reuters
25-06-2025
- Business
- Reuters
Swedish investor Norrsken earmarks $348 mln for 'AI for good'
STOCKHOLM, June 25 (Reuters) - Sweden's Norrsken Foundation has committed 300 million euros ($348 million) to investing in European startups that are using "AI for good" for solving challenges in climate, health, food, education and society, it said on Wednesday. The foundation, established in 2016 by Klarna founder Niklas Adalberth, manages several venture capital and investment funds, which have a combined assets of over $1 billion. "AI is not just another productivity boost, it's a real chance to fix what truly matters," said Agate Freimane, general partner at the foundation's venture capital arm Norrsken VC. Barring companies such as Google Deepmind (GOOGL.O), opens new tab, most AI firms are working on systems that are focused on business customers. "Artificial intelligence is the most powerful tool humanity has ever created," Freimane said "Yet, so far we are mainly using it to optimise clicks and automate emails." Venture capital-backed start-ups in the first quarter raised over $80 billion, a nearly 30% increase over the fourth quarter last year, according to, opens new tab professional services group EY. ($1 = 0.8631 euros)
CNA
25-06-2025
- Business
- CNA
Swedish investor Norrsken earmarks $348 million for 'AI for good'
STOCKHOLM :Sweden's Norrsken Foundation has committed 300 million euros ($348 million) to investing in European startups that are using "AI for good" for solving challenges in climate, health, food, education and society, it said on Wednesday. The foundation, established in 2016 by Klarna founder Niklas Adalberth, manages several venture capital and investment funds, which have a combined assets of over $1 billion. "AI is not just another productivity boost, it's a real chance to fix what truly matters," said Agate Freimane, general partner at the foundation's venture capital arm Norrsken VC. Barring companies such as Google Deepmind, most AI firms are working on systems that are focused on business customers. "Artificial intelligence is the most powerful tool humanity has ever created," Freimane said "Yet, so far we are mainly using it to optimise clicks and automate emails." Venture capital-backed start-ups in the first quarter raised over $80 billion, a nearly 30 per cent increase over the fourth quarter last year, according to professional services group EY. ($1 = 0.8631 euros)
Yahoo
25-06-2025
- Business
- Yahoo
Swedish investor Norrsken earmarks $348 million for 'AI for good'
STOCKHOLM (Reuters) -Sweden's Norrsken Foundation has committed 300 million euros ($348 million) to investing in European startups that are using "AI for good" for solving challenges in climate, health, food, education and society, it said on Wednesday. The foundation, established in 2016 by Klarna founder Niklas Adalberth, manages several venture capital and investment funds, which have a combined assets of over $1 billion. "AI is not just another productivity boost, it's a real chance to fix what truly matters," said Agate Freimane, general partner at the foundation's venture capital arm Norrsken VC. Barring companies such as Google Deepmind, most AI firms are working on systems that are focused on business customers. "Artificial intelligence is the most powerful tool humanity has ever created," Freimane said "Yet, so far we are mainly using it to optimise clicks and automate emails." Venture capital-backed start-ups in the first quarter raised over $80 billion, a nearly 30% increase over the fourth quarter last year, according to professional services group EY. ($1 = 0.8631 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
