# Norrsken Foundation

> Norrsken Foundation is a VC fund backing Financial Services and FinTech. See 19 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Stockholm, Sweden
- Total investments: 19
- Last investment: Sep 2024
- Lead investor: 21%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/norrsken-foundation
- X (Twitter): https://twitter.com/norrsken_org
- Website: https://www.norrsken.org/
- Facebook: https://www.facebook.com/norrskenfoundation

Norrsken Foundation is a VC fund in Stockholm focused on Financial Services and FinTech. Norrsken Foundation is non-profit organization solving problems such as poverty, famine, environmental issues and mental health.

## Contacts

5 contacts available for Norrsken Foundation. Shizune tracks 3 team members at Norrsken Foundation. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/norrsken-foundation-ba4c?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $100k–$4M |
| Pre-Seed | $125k–$1.1M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Financial Services | 6 | 32% |
| FinTech | 4 | 21% |
| Health Care | 4 | 21% |
| Software | 3 | 16% |
| Energy | 2 | 11% |

37 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Pre-Seed | 9 | 47% |
| Seed | 5 | 26% |
| Grant | 1 | 5% |
| Series C | 1 | 5% |
| Funding Round | 1 | 5% |

6 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Nigeria | 3 | 16% |
| United States | 3 | 16% |
| Rwanda | 2 | 11% |
| Germany | 2 | 11% |
| Ghana | 1 | 5% |

10 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Erik Engellau-Nilsson | CEO | 7 | https://shizune.co/investors/profile/erik-engellau-nilsson |
| Luzana Costa | Partner | 0 | https://shizune.co/investors/profile/luzana-costa-6608 |
| Niklas Adalberth | Founder | 13 | https://shizune.co/investors/profile/niklas-adalberth |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| RYE | The intelligence layer for modern business energy |  | Pre-Seed | Sep 01, 2024 |  |
| ORDA | Star Kitchens is a cloud-based restaurant operating system built for African chefs and food business owners. Star Kitchens ePos, integrations, and lending solutions enable Africa’s millions of food business owners to scale and grow their business. The company was founded in 2020 and is based in Lagos, Nigeria. | $3.4M | Seed | Nov 29, 2022 |  |
| Eden Care Medical | Eden Care Medical is a mobile application that provides medical and health insurance as well as financial services. |  | Pre-Seed | Nov 02, 2022 |  |
| Clafiya | Clafiya connects patients to health practitioners to provide fast and affordable on-demand primary care services in Africa. | $125K | Pre-Seed | Jun 07, 2022 |  |
| Emata | Africa can – and must – help cover our world's growing food needs. We invest in farmers and dare them to dream big. Emata is revolutionising the way smallholder farmers in Africa access financing. Our loans are specifically designed to empower farmers to invest in their farms and increase their revenue. We make this possible by utilisingend-to-end digital processes, AI-powered alternative credit-scoring and partnerships with agricultural intermediaries like cooperatives and aggregators.Emata is a licensed Microfinance Institution. Visit us at our offices in Kampala and Mbarara for a coffee! | $125K | Pre-Seed | Jun 07, 2022 |  |
| Motito | Motito promotes financial inclusion and increased access to credit across Africa. Their mobile shopping app provides convenience and a tailored-to-you payment plan. | $125K | Pre-Seed | Jun 07, 2022 |  |
| Fixa | Fixa is a full suite marketplace that offers informal workers access to verifiable career identities, stable earnings and social protection | $125K | Pre-Seed | Jun 07, 2022 |  |
| Umoja Labs | Backed by the likes of Coinbase, Mercy Corps, 500 Global, and Norrsken, Umoja Labs provides crypto-enabled payments infrastructure purpose-built for informal markets. We provide mobile money-to-digital currency on/off-ramps, feature-phone enabled digital wallets, and protocol-based infrastructure to accelerate digital financial inclusionacross Africa and the world. | $125K |  | Jun 07, 2022 |  |
| Power | Power is a platform that provides financial services to employees and gig workers across sub-Saharan Africa. They enable individuals to access earned wages, loans, insurance, payments, and savings so they can live with dignity, reduce financial-related stress, and take control of their financial well-being. | $125K | Seed | Jun 07, 2022 |  |
| Umoja Labs | Backed by the likes of Coinbase, Mercy Corps, 500 Global, and Norrsken, Umoja Labs provides crypto-enabled payments infrastructure purpose-built for informal markets. We provide mobile money-to-digital currency on/off-ramps, feature-phone enabled digital wallets, and protocol-based infrastructure to accelerate digital financial inclusionacross Africa and the world. | $125K | Pre-Seed | Jun 07, 2022 |  |

10 of 19 investments shown.

## Co-investors
- [Norrsken Impact Accelerator](https://shizune.co/investors/profile/norrsken-impact-accelerator) — VC Fund, 5 deals together
- [LoftyInc Capital](https://shizune.co/investors/profile/loftyinc-capital-management) — VC Fund, 4 deals together
- [Microtraction](https://shizune.co/investors/profile/microtraction) — VC Fund, 4 deals together
- [Enza Capital](https://shizune.co/investors/profile/enza-capital) — VC Fund, 3 deals together
- [MAGIC Fund](https://shizune.co/investors/profile/magic-carpet) — VC Fund, 3 deals together
- [Techstars](https://shizune.co/investors/profile/techstars) — VC Fund, 3 deals together

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## FAQ

### What does Norrsken Foundation invest in?

Norrsken Foundation invests primarily in Financial Services, FinTech and Health Care startups, most often at Pre-Seed and Seed stage. Most of the 19 investments tracked by Shizune back companies in Nigeria. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Norrsken Foundation's check size?

Norrsken Foundation typically joins rounds of $100k–$4M at Seed and $125k–$1.1M at Pre-Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Norrsken Foundation participates in.

### How do I contact Norrsken Foundation?

Public channels for Norrsken Foundation include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Norrsken Foundation?

The team at Norrsken Foundation includes Erik Engellau-Nilsson (CEO), Luzana Costa (Partner) and Niklas Adalberth (Founder). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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