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Sweden’s Norrsken commits €300M to support European startups using AI for global good

  • Norrsken Foundation commits €300M to invest in European startups using AI for good.
  • Funding drawn from Norrsken VC, Accelerator, and Launcher for companies addressing global challenges with AI.
  • Focus areas include climate, health, food systems, education, and societal infrastructure.
  • In 2024, AI startups raised over $110B, a significant portion of global VC funding.
  • Norrsken believes AI can transform systems and create real impact by addressing critical issues.
  • Norrsken Partners emphasize using AI to solve urgent challenges, not just for productivity gains.
  • Criteria for investments align with UN Sustainable Development Goals (SDGs) to ensure impact and sustainability.
  • Norrsken Foundation, founded in 2016, aims to solve pressing global challenges and support startups.
  • Global impact ecosystem provides founders with knowledge, capital, and networks to address world issues.
  • Norrsken House in Sweden and Kigali support startups, with Norrsken VC investing in impactful startups.

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