About Norrsken Evolve
Norrsken Evolve is a venture capital firm founded in 2021. It is primarily based out of Stockholm, Sweden. As of Jun 2026, Norrsken Evolve is an active investor, having invested in 85 companies, with 16 new investments in the last 12 months. It primarily invests in Seed round in Sweden based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and Food and Agriculture Tech. Most recently it participated in the $***** Seed round of New Dawn Bio A lot of funds co-invest with Norrsken Evolve, with names like Voltron Capital sharing a substantial percentage of its portfolio. Norrsken Evolve has team of 11 people including 4 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed
Deals in last 12 months
Norrsken Evolve's List of Top Investments
Norrsken Evolve has a portfolio of 85 companies. Their most notable investments are in Languify and Bubble Robotics.Their portfolio spans across Sweden, United States, Nigeria and 20 more locations. They have invested in Enterprise Applications, FinTech, Food and Agriculture Tech and 25 other sectors, across stages such as Seed stage. Here is the list of top investments by Norrsken Evolve:
1. AirForestry
Developer of electric aerial systems for sustainable forest thinning operations. Its technology enables tree harvesting without ground disturbance, preserving soil and surrounding vegetation. The aerial system enhances forest vitality and promotes biodiversity. It offers an alternative to traditional forestry methods.
Key facts about AirForestry
- Founded Year: 2019
- Location: Uppsala (Sweden)
- Annual Revenue: $0 - $1M as on Dec 31, 2024
- Stage: Seed
- Total Funding till date: $11.3M
- Employee Count: 47 as on Jun 30, 2026
- Investors: Northzone, SEB Venture Capital and 6 Others
- Latest Funding Round: Seed, Oct 10, 2024, $*****
- Highlight: Editors' Pick
Crowdfunding platform for agricultural sectors. It enables users to own and manage the farms on their devices. It offers crowd farmers packages and freeholder farmers packages. The crowd farmer package enables the users to farm with other users in a designated area without providing any land or input. The crowd farmers invest for a planting season and earn the return on investment. The company manages the farm operations and the farm progress is updated to the users on their dashboards.
Key facts about Complete Farmer
- Founded Year: 2017
- Location: Accra (Ghana)
- Stage: Seed
- Total Funding till date: $16.2M
- Employee Count: 108 as on Jun 30, 2026
- Investors: Proparco, Newtownpartners and 18 Others
- Latest Funding Round: Seed, Apr 07, 2026, $*****
- Highlight: Editors' Pick
3. Spoor
Provider of cloud and AI-driven biodiversity monitoring solutions. It has developed AI-powered software for bird monitoring on wind farms. It uses machine vision for monitoring, managing, and reporting environmental impacts.
Key facts about Spoor
- Founded Year: 2020
- Location: Oslo (Norway)
- Stage: Series A
- Total Funding till date: $13.4M
- Employee Count: 39 as on Jun 30, 2026
- Investors: SET Ventures, EnBW New Ventures and 12 Others
- Latest Funding Round: Series A, Dec 11, 2025, $*****
4. Basys.ai
Provider of SaaS-based platform for clinical decision-making for doctors at hospitals. It offers an AI-based platform to track, predict, and provide treatments to improve metabolic health outcomes.
Key facts about Basys.ai
- Founded Year: 2022
- Location: Cambridge (United States)
- Stage: Seed
- Total Funding till date: $2.4M
- Employee Count: 21 as on Jun 30, 2026
- Investors: Mayo Clinic, Lilly and 7 Others
- Latest Funding Round: Seed, Jul 24, 2023, $*****
5. Sensegrass
Provider of an AI based smart farming sensor solution. It allows users to manage fertilizers and detect crop disease. It use patented magnetic sensors that measure crop and soil parameters.
Key facts about Sensegrass
- Founded Year: 2017
- Location: Fremont (United States)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Stage: Seed
- Total Funding till date: $240K
- Employee Count: 213 as on Mar 31, 2025
- Investors: Cisco, Alchemist Accelerator and 23 Others
- Latest Funding Round: Grant (prize money), Sep 22, 2022, $*****
- Highlight: Editors' Pick
Norrsken Evolve's Year-on-Year Investment Trends
Norrsken Evolve has invested in 85 companies over the last 4 years, with an average of 9 new investments annually in the last 3 years. In 2025, it made 15 investments, while as of Jun 2026, it has made 5 investments in this year. Its most recent first time investment was in Tolemy Bio and most recent follow-on round was in New Dawn Bio.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 2 | 5 |
2025 | 13 | 2 | 15 |
2024 | 7 | 0 | 7 |
2023 | 7 | 0 | 7 |
2022 | 1 | 0 | 1 |
Norrsken Evolve's Investments by Stage
Norrsken Evolve has made 31 investments in Seed stage with an average round size of $1.3M.Norrsken Evolve's Investments by Sector
Norrsken Evolve has a diverse portfolio, with companies operating in the Enterprise Applications, Sustainability Tech, Energy Tech, Environment Tech and Vertical SaaS. Notably, it has invested in 71 Tech companies, 58 Enterprise (B2B) companies, 40 Software companies and at least 23 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 14 |
Sustainability Tech | 12 |
Energy Tech | 7 |
Environment Tech | 7 |
Vertical SaaS | 6 |
Others | 37 |
Note: We have considered here, only first round of investments
Norrsken Evolve's Investments by Geography
Norrsken Evolve has made most investments in Sweden (7), followed by United Kingdom where it has made 4 investments.Country | No. of Investments |
|---|---|
Sweden | 7 |
United Kingdom | 4 |
Germany | 2 |
Kenya | 2 |
Nigeria | 2 |
Others | 14 |
Note: We have considered here, only first round of investments
Norrsken Evolve's recent investments
Norrsken Evolve has made 5 investments in 2026 so far. New Dawn Bio and Tolemy Bio are the latest among them.Here are the most recent investments by Norrsken Evolve:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 04, 2026 | Netherlands | Seed | 2605 | [+1] | |
May 12, 2026 | Spain | Seed | 8743 | [+5] | |
Apr 30, 2026 | Finland | Seed | 8905 | [+1] | |
Feb 02, 2026 | Sweden | Seed | 9569 | [+1] | |
Jan 29, 2026 | Spain | Seed | 2356 | [+1] |
Team profile of Norrsken Evolve
Norrsken Evolve has a team of 11 members including 4 Partners, 1 Venture Partner and 1 Principal located in Sweden and Estonia. Norrsken Evolve's team does not sit on the board of any company as of now.Here is a list of top team members in Norrsken Evolve:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | ||
Partner | Stockholm | - | ||
Partner | Stockholm | - | - | |
Partner | Stockholm | - | ||
Venture Partner | Tallinn | - | ||
Principal | Stockholm | - | - |
Co-investors of Norrsken Evolve
Over the past 4 years, 140 investors have co-invested in Norrsken Evolve's portfolio companies. This includes funds and angels.
- Invested before Norrsken Evolve: Firda, Antler and 33 others have invested in rounds before Norrsken Evolve. There is 1 company where Firda has invested before Norrsken Evolve and 1 company where Antler has invested before Norrsken Evolve.
- Top Co-investors of Norrsken Evolve: 76 investors entered a company along with Norrsken Evolve. These include investors like Voltron Capital (2 companies).
- Invested after Norrsken Evolve: A total of 29 investors have invested in Norrsken Evolve's portfolio after their investments. Top Investors include CapitalT (2 companies), Superorganism (1 company) and Futurum Ventures (1 company).
Recent News related to Norrsken Evolve
•
Norrsken Evolve Secures €62 Million Fund to Boost Dutch Pre-Seed EcosystemEU-Startups•Jul 15, 2026•Norrsken Evolve
•
Dutch startup New Dawn Bio raises €2.1M for cultured wood technologyTech Funding News•Jun 04, 2026•CapitalT, New Dawn Bio, Norrsken Evolve
•
Bubble Robotics raises $5 million to build ‘the ocean’s autonomous workforce’Robotics and Automation News•Apr 21, 2026•Bubble Robotics, Norrsken Evolve, Episode 1 Ventures, Asterion
•
Swedish AI Startup Berget AI Secures €2.1 M FundingStartup Rise EU•Feb 03, 2026•Berget, Norrsken Evolve, Wellstreet, Luminar Ventures
•
TetraxAI closes a pre-seed round of 1.2 million euros led by The Footprint FirmEl Referente•Jan 29, 2026•Norrsken Evolve, Tetrax, Carbon13, NeoTec Manufacturing
•
FION Energy secures €1.4 million pre-seed funding for KI-optimized battery systems, led by HTGF and Norrskenmajunke.com•Dec 10, 2025•Fion Energy, Norrsken Foundation, Housing Trust Group, Norrsken Evolve and 1 other
•
German healthtech Aiomics secures €2M to speed up medical documentation with AI platformTech Funding News•Sep 04, 2025•Norrsken Evolve, Vorwerk-Group, Calm/Storm, Rule30
•
London-based RYE Raises €1M To Help Hospitality And Retail Monetise Energy DemandStartup Rise EU•Sep 04, 2025•Norrsken Evolve, January Ventures, CapitalT, Rye Energy
