Norrsken22 Closes Its First African Technology Growth Fund
Norrsken22 Closes Its First African Technology Growth Fund. Norrsken22 Achieves $205M Final Close! The company has successfully closed its first African technology growth fund, surpassing the $200 million target.
This fund is strategically positioned to leverage key African megatrends, including a digitally savvy, youthful population and a rapidly urbanizing continent. The company’s experienced team on the ground across Africa provides local expertise, access to deep networks and valuable insights.
With a team of seasoned partners and support from unicorn founders, family offices, and institutions, Norrsken22 is ready to fuel innovation in fintech, edtech, medtech, and market-enabling solutions. This fundraise underscores the incredible enthusiasm and confidence in African tech innovation from investors around the world. The company would like to extend its heartfelt gratitude to its entire investor base for their trust and support. It is excited to continue backing exceptional companies who are transforming Africa’s tech landscape such as Sabi, Autochek Africa, Tyme, Smile ID (formerly Smile Identity) and Shara.
Norrsken22 is a technology growth fund, backed by over 30 prominent unicorn founders, partnering with exceptional entrepreneurs building Africa’s next tech giants. Norrsken22 is managed by a team of general partners deeply ingrained in the African tech ecosystem, with decades of experience supporting African entrepreneurs, based in Kenya, Nigeria and South Africa. Its founding partners are Norrsken Foundation and investors who have built and backed some of the world’s most successful tech companies.
The fund is backed by a unicorn board of founders who have built companies like Flutterwave, DeliveryHero, Klarna, Skype, Mojang, Izettle and King, bringing a wealth of hands-on experience to the teams it partners with. The fund’s Advisory Council comprises business leaders from across the African continent, providing deep industry insight, local knowledge as well as global perspectives.
