Norrsken Evolve Closes €62M Fund to Back Pre-Seed Sustainable Europe
Norrsken Evolve closed a €62M fund to back pre-seed startups building Europe's sustainable and resilient future.
The big picture: Norrsken Evolve has closed its oversubscribed €62 million fund, which will back pre-seed founders building Europe’s sustainable and resilient future.
What it will back:
- Early-stage innovation: The fund focuses on pre-seed companies developing new technologies and business models crucial for Europe’s energy transition.
- Sustainable future: Investments target founders building a sustainable and resilient future for Europe, particularly in electrification, industrial decarbonisation, and energy systems.
- Strategic partnership: Portfolio companies gain access to Fortum’s decades of expertise in energy systems and its extensive footprint across the Nordic energy ecosystem.
Who is behind it:
Johan Attby serves as General Partner for Norrsken Evolve. Nordic energy company Fortum, via its innovation and venturing arm, joined as a limited partner in the oversubscribed fund.
The catch: The €62 million fund size is substantial for a pre-seed vehicle, allowing for a broad portfolio, but competition for high-quality sustainable tech startups in Europe remains intense. The strategic partnership with Fortum offers a distinct advantage, providing portfolio companies with operational expertise beyond capital, which could be crucial in a crowded market.
Key Facts
- Firm: Norrsken Evolve
- Size: €62M
- Status: Final close
- Stage: pre-seed
- Focus: sustainable and resilient future, electrification, industrial decarbonisation, energy systems
- Geography: Europe
- Anchor LP: Fortum
- Partner: Johan Attby
- Announced: 2026-09-25