• About
  • Advertise
  • Careers
  • Contact Us
Friday, June 27, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home Business StartUPs

Despite Global Slowdown, Norrsken22 Closes Debut Fund at $205m for African Tech Investment

by Joan Aimuengheuwa
November 3, 2023
in StartUPs
0
Despite Global Slowdown, Norrsken22 Closes Debut Fund at $205m for African Tech Investment
Norrsken22

Norrsken22

UBA
Advertisements

Venture capital firm Norrsken22 has surpassed its initial target with the finalization of its debut fund at $205 million. 

The success of Norrsken22 stresses growing investor interest in supporting African startups, particularly in the critical growth stage of their development.

Founded by a team with extensive experience in venture capital and private equity, including noteworthy individuals like Niklas Adalberth, Hans Otterling, Natalie Kolbe, Ngetha Waithaka, and Lexi Novitske, Norrsken22 has swiftly become a key player in the African investment terrain. 

The firm, operating across Nigeria, South Africa, Kenya, and Ghana, managed to draw substantial interest, securing backing from unicorn founders and subsequently attracting institutional investors like British International Investment, International Finance Corporation, U.S. International Development Finance Corporation, Standard Bank, and Norfund.

Despite the challenges caused by the global tech investment slowdown, Norrsken22’s achievement is significant. The fund, focused on the African Tech Growth Fund, is set to bridge the gap in the investment cycle, particularly in the Series A and B stages, addressing the shortage of capital in Series A and beyond, setting aside funds for follow-on investments in B and C rounds.

The firm’s goal is to support startups in sectors like fintech, edtech, medtech, and market-enabling solutions that promise strong returns and a positive impact across the African continent. 

With five key investments already made, including names like TymeBank, Sabi, Smile Identity, Autochek, and Shara, Norrsken22’s strategic approach involves nurturing companies looking to expand beyond borders and build Pan-African businesses.

What sets Norrsken22 apart is its proactive stance on preparing its portfolio companies for potential exits. The firm thoroughly evaluates exit scenarios, eyeing international strategic buyers, local industry leaders, and even multinational corporations in Africa seeking innovation through acquiring tech businesses.

With a focus on around 20 startups and an investment ticket averaging $10 million, Norrsken22’s success signifies a positive trend in the African tech investment space despite the current global investment climate. Its forward-looking strategy and experienced team will enable the company to strengthen its growth effort for African startups, offering not just financial backing but also essential networks and on-ground support.

Loading

Advertisements
MTN ADS

Author

  • Joan Aimuengheuwa
    Joan Aimuengheuwa

    Joan thrives at helping individuals and businesses scale via storytelling...

    View all posts
0Shares
Tags: African startupsHans OtterlingNiklas AdalberthNorrsken22
Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Next Post
Is Mentorship Overhyped?

Is Mentorship Overhyped?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Stanbic IBTC Opens New Branch in the Lekki Free Trade Zone

3 years ago
Kadotien Soro, Country Manager of Yango Cote DÍvoire and Honore KOUAME, GM MTN Business 

MTN, Yango Move to Empower Partner Drivers in Côte d’Ivoire

2 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    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
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.