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Norrsken22 African Tech Fund

Norrsken22 · VC / Investment Fund
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About this opportunity

Norrsken22 backs Series A and B African tech startups with $1–15m in growth capital plus strategic mentorship from founders who built Klarna, Spotify and Flutterwave. You must show strong revenue traction, measurable community impact, and an Africa-based or Africa-focused founding team.

Norrsken22 is a $200 million venture capital fund dedicated to backing Africa's fastest-growing tech startups with both financial and impact ambitions. It invests in Series A and B companies across Sub-Saharan Africa that demonstrate strong growth trajectories and positive societal impact. Beyond capital, portfolio companies gain access to the Norrsken community of entrepreneurs, mentors, and co-investors globally.

Who can apply

  • Tech startups at Series A or Series B stage
  • Companies with strong revenue growth and proven market traction
  • Businesses operating across Sub-Saharan Africa
  • Founding team that is Africa-based or Africa-focused
  • Companies in fintech, health, climate, agriculture, logistics or technology sectors
  • Startups with measurable positive impact on African communities

Not eligible

  • Idea-stage or pre-seed companies
  • Startups without evidence of revenue or market traction
  • Companies unable to demonstrate community impact in Africa

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Documents you will need

  • Pitch deck or business plan
  • Financial statements and revenue data
  • Evidence of market traction (user numbers, contracts, revenue figures)
  • Details of founding team backgrounds and Africa connections
  • Description of positive impact on African communities
  • Information on current investors and capital raised to date

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How to apply, step by step

  1. Visit the Norrsken22 website and locate the application portal or investment enquiry form
  2. Prepare your pitch materials, including revenue data and proof of market traction
  3. Complete the application form with details of your company stage, sector, team and impact thesis
  4. Submit your application through the portal or via the contact method provided
  5. Wait for initial review; Norrsken22 operates on a rolling deadline, so timing of response varies
Save and track it and we will email you 14 days, 7 days, 3 days, 24 hours and on the morning of the deadline.

How applications are selected

Norrsken22's investment team, based in Lagos, Nairobi and Johannesburg, reviews applications against your revenue growth, market traction, team quality and impact potential. The fund consults its Advisory Council of African business leaders and its Unicorn Board of founder-investors for deal input. Successful applicants move to detailed diligence and term sheet negotiation. The fund typically takes 6–12 weeks from application to initial decision.

What reviewers look for

  • The team invests in operators with skin in the game—emphasise your own financial commitment and how long you have been building this business
  • Traction speaks louder than plans. Provide actual monthly revenue figures, customer numbers or repeat transaction data, not projections
  • Impact must be concrete and measurable—'improving livelihoods for 50,000 smallholder farmers by 2026' beats vague social claims
  • General partners here have backed Paystack, Flutterwave and mPharma. They know African fintech and health deeply; show you understand your competitive position in that context
  • The fund values Africa-first thinking. If your team is split between Lagos and London, make clear who is running day-to-day operations in Africa

Frequently asked questions

Do I need to be incorporated in a specific African country?

The sources do not specify incorporation requirements. You should confirm with Norrsken22 directly, but most VC funds at this stage require proper company registration in your operating jurisdiction.

What does 'Africa-based or Africa-focused' mean for the founding team?

The fund requires at least one founder to be based in Africa or the company to have clear Africa operations and leadership. A team split between Africa and elsewhere is acceptable if Africa is the primary market and operations hub.

Do you invest in non-tech companies?

Norrsken22 focuses on tech startups in fintech, health, climate, agriculture, logistics and technology sectors. Non-tech businesses are unlikely to be a fit.

Is there a minimum revenue requirement?

The sources state that 'strong revenue growth and demonstrable market traction' are required, but do not name a specific floor. Early-stage Series A companies may have lower revenue than Series B; discuss your stage and metrics directly with the team.

When is the deadline?

Norrsken22 operates on a rolling basis with no fixed deadline. You can submit at any time, though response times may vary depending on the fund's deal flow.

Guide written from the official programme page on 15 October 2026. Funders change their rules, so confirm the details on the official page before you apply.

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