Norrsken22, a Pan-African VC firm, has opened applications for its 2024 Norrsken Accelerator program.
The program spans over 8 weeks, providing participants with $125,000 in upfront funding and exclusive access to a network of unicorn mentors and esteemed investors.
Distinguishing itself from conventional accelerators, this Stockholm-based initiative uniquely connects thriving startups with world-class advisors who are driven by a shared passion for utilizing technology and entrepreneurship to instigate positive change.
These mentors bring a wealth of firsthand experience from their own entrepreneurial journeys, offering invaluable insights and unwavering support as participants navigate challenges and strive for success.
In a significant development, in November 2023, Norrsken22 successfully secured $205 million for its inaugural fund, specifically dedicated to supporting African startups during critical growth stages.
Established by seasoned veterans in venture capital (VC) and private equity (PE), the firm operates across prominent African markets including Nigeria, South Africa, Kenya, and Ghana.
Noteworthy is their African Tech Growth Fund, which successfully secured $110 million in its first close, attracting support from 30 global unicorn founders.
In a landscape marked by a decline in global VC activity, Norrsken22 distinguishes itself by actively addressing the gap between growth and late-stage investments, with a keen focus on Series A and B rounds.
Approximately 50% of their capital is strategically allocated to building a portfolio of promising companies, while the remaining funds are reserved for crucial follow-on investments.
Norrsken22 is particularly committed to supporting Fintech, Edtech, MedTech, and market-enabling solutions that demonstrate robust returns and positive impact across the African continent. Their impressive portfolio includes notable names such as TymeBank, Sabi, Smile Identity, Autochek, and Shara.
Aspiring entrepreneurs are invited to apply through: Norrsken22 website
