• Latest
  • Trending
Norrsken22 closes $205m African tech growth fund

Norrsken22 closes $205m African tech growth fund

November 6, 2023
MSport 2025

MSport 2025: Nigeria’s #1 Sports Betting Site, Powered by Chelsea & BVB

September 25, 2025
MNT-Halan introduces Egypt’s first secure lending solution via Halan App

MNT-Halan introduces Egypt’s first secure lending solution via Halan App

September 25, 2025
Visa, intella partner to boost MENA’s financial institutions with Arabic conversational AI

Visa, intella partner to boost MENA’s financial institutions with Arabic conversational AI

September 25, 2025
Airtel Africa invests in education with 100 scholarships and new tech hubs

Airtel Africa invests in education with 100 scholarships and new tech hubs

September 25, 2025
SINOTRUK enters Libya with Aseel Auto as exclusive distributor in Benghazi

SINOTRUK enters Libya with Aseel Auto as exclusive distributor in Benghazi

September 25, 2025
Tango Brook launches digital card for fuel management

Tango Brook launches digital card for fuel management

September 25, 2025
AI in Nigeria announces 3rd edition of InnovationAI

AI in Nigeria announces 3rd edition of InnovationAI

September 25, 2025
Interswitch Unveils Quickteller Travel to Transform African Travel Experience

Interswitch Unveils Quickteller Travel to Transform African Travel Experience

September 25, 2025
Alibaba, Nvidia collaborate to expedite humanoid robot development

Alibaba, Nvidia collaborate to expedite humanoid robot development

September 25, 2025
OpenAI expands $500 Stargate AI initiative in partnership with Oracle and SoftBank

OpenAI expands $500 Stargate AI initiative in partnership with Oracle and SoftBank

September 25, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Tech News Africa Tech News

Norrsken22 closes $205m African tech growth fund

Modupeoluwa Olalere by Modupeoluwa Olalere
November 6, 2023
140 10
0
Norrsken22 closes $205m African tech growth fund
465
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

Norrsken22, a tech growth equity fund, closed its first African technology growth fund at $205m, exceeding its $200m target. 

The investment group told reporters that unicorn entrepreneurs and institutional investors helped them fill a gap in African growth-stage tech investing.

Niklas Adalberth (Founder of the Norrsken Foundation and Klarna) and Hans Otterling, Partner of Northzone, with another investing team, founded Norrsken22 in 2022.

Norrsken22 works all over Africa and has teams in South Africa, Kenya, Ghana, and Nigeria. Over 30 founders of unicorn companies were behind the fund from the start. These included Olugbenga Agboola, co-founder of Flutterwave; Niklas Zennstrom, co-founder of Skype; Jacob de Geer, co-founder of iZettle; Niklas Ostberg, co-founder of Delivery Hero; Carl Manneh, co-founder of Mojang; Sebastian Knutsson, co-founder of King; and Willard Ahdritz, founder of Kobalt Music.

RelatedPosts

Airtel Africa invests in education with 100 scholarships and new tech hubs

AfriChange embraces stablecoins to power cross-border remittances

Cassava, Accenture reach agreement to expand autonomous AI capabilities across Africa

Scalable business is what the company was built on because its founders thought it would lead to long-term and stable economic growth. Norrsken22 is all about helping entrepreneurs create fintech, edtech, MedTech, and market-enabling products that will make a lot of money and make Africa a better place. 

Read also: Google accepts applications for N75m Hustle Academy Fund

Norrsken22 tackles Africa’s funding issues

Lexi Novitske, manager at Norrsken22, told reporters that over the last few quarters, tech companies in Africa have gotten less money. What did she say?

“We are excited to be able to help Africa’s best tech companies grow now that our fund was closed with more than $200 million.”

She also thinks that Africa has the most business owners of any continent globally. When you add that digital technology is being adopted quickly, the population is growing, and there are significant problems to solve, Norrsken22 thinks that Africa is the best place in the world to spend. 

“I believe that Africa is the world’s biggest untapped market right now.” There has been a lot of growth and progress in the tech ecosystem, but this is just the tip of the iceberg, according to Lexi Novitske, Managing Partner at Norrsken22.

3 Ugandan healthcare firms secures WiNFUND funding

Why this is important for the African tech scene 

Natalie Kolbe, Managing Partner of Norrsken22, says the fund’s launch is the perfect time for Norrsken22 to support an expanding tech boost in Africa. 

Plus, she says that technology’s ability to change things can skip over old ways of doing business, and Africa has the chance to lead the world with its answers. 

“We are thrilled to work with so many innovative startups that can make a difference in Africa.” We’re glad to see that the number of busy and growing early-stage investors across the continent is growing. However, there is still a need for more growth-stage tech funding on the continent. We think this is a great chance and are excited to keep spending now. 

Niklas Adalberth, who started the Norrsken Foundation, said that Africa has the world’s youngest population and that its next generation, which will grow up digitally, is the future of Africa and the world. 

“We’re thrilled to say that the fund has reached its final close and to thank everyone who has helped it.” Africa has a lot of great chances. We are excited to keep working on our goal to bring more money into African tech, create jobs, and promote long-term growth.

Tags: AfricaNorrsken22Tech
Modupeoluwa Olalere

Modupeoluwa Olalere

Modupe is a tech content writer with 3+ years of experience turning complex ideas into clear, engaging stories. She covers innovation, digital trends, and emerging technologies. When she’s not writing, she’s exploring new tools or tracking trends shaping Africa’s tech ecosystem.

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.