Norrsken Foundation
| Formation | 30 June 2016[1] |
|---|---|
| Founder | Niklas Adalberth |
| Founded at | Stockholm, Sweden |
| Type | Nonprofit organization, Impact investor |
| Legal status | Foundation |
| Headquarters | Stockholm, Sweden |
CEO | Erik Engellau-Nilsson[2] |
| Website | norrskenfoundation |
Norrsken Foundation is a Swedish effective altruism foundation which supports and invests in organizations that have a positive impact on society[2]. It was created by Niklas Adalberth, one of the founders of the fintech company Klarna.
History
Norrsken Foundation was created in June 2016 by Klarna founder Niklas Adalberth, who contributed $20 million to the launch. In December 2017, Adalberth committed an additional $62 million to Norrsken Foundation[3]. That same year, a co-working space of 2,400 square meters named Norrsken House was opened in a repurposed tram depot in Stockholm[4] and at the end of that year, it was hosting 112 companies.[5]
Investments
Direct investments
After the initial launch in 2016, the co-founders of Mojang, King, and Daniel Wellington seeded a $34 million fund.[6][7]. Investments in the companies hosted by the foundation range from $100,000 to $1 million.[3]
Private equity investments
In 2018, Norrsken Foundation partnered with private equity firm Nordic Capital[8].
Norrsken House
Norrsken House is a co-working space.[3]. Companies trying to solve a social problem get a 50% discount on their membership at Norrsken House. In mid-2017, 70% of the companies in the foundation were in this situation.[9]
See also
References
- ↑ "Norrsken Foundation - Crunchbase".
- ↑ 2.0 2.1 "The Team - Norrsken Foundation". norrskenfoundation.org. 2018-08-16.
- ↑ 3.0 3.1 3.2 "With Norrsken House, ex-Klarna executive envisions a global network of co-working spaces focused on impact". techcrunch.com. 2017-12-12.
- ↑ "Klarna-founder's new innovation hub will combine tech and social impact". nordic.businessinsider.com. 2016-12-07. Retrieved 2019-01-07.
- ↑ "This Stockholm building to house huge social startup hub". thelocal.se. 2016-09-05. Retrieved 2019-01-07.
- ↑ "The billionaire founders of Klarna and Daniel Wellington just announced a new 'first of its kind' tech fund". nordic.businessinsider.com. 2017-05-31. Retrieved 2018-08-21.
- ↑ "Klarna-grundaren satsar halv miljard på sociala entreprenörer". Dagens Nyheter (in Swedish). 2018-07-05. Retrieved 2019-01-07.CS1 maint: Unrecognized language (link)
- ↑ "Nordic Capital and Norrsken Foundation partner up to strengthen impact entrepreneurs". nordiccapital.com. 2018-07-02. Retrieved 2019-01-07.
- ↑ "Klarna co-founder seeks to spur European tech giving". ft.com. 2017-08-23.
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