Latest news with #NorrskenVC
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.
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
Bloomberg
02-05-2025
- Business
- Bloomberg
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).
