Norrsken Evolve
Norrsken Evolve is a pre-seed venture capital fund based in Stockholm, established in 2021. It evolved from the Norrsken Accelerator and focuses on investing in early-stage European startups that prioritize sustainability and resilience. The fund has successfully closed an oversubscribed €57 million pre-seed fund and targets startups across Europe, including the EU27, candidate countries, and the UK. The fund provides an initial investment of €250,000 per startup, along with long-term follow-on funding for top performers. Norrsken Evolve also offers an intensive in-person sprint program to ac
Investing activity
Norrsken Evolve appears in 4 AI deals tracked by the AI Lounge deals desk. The rounds are mostly Seed and Pre-seed, with a median round size of $5M and the largest at $6M. The most recent are Matter Machine (Seed, $5.3M (GBP 4.0M), Oct 2026), Volve (Seed, $3M, Aug 2026) and Velatir (Seed, $5.8M (EUR 5.0M), Aug 2026).
Norrsken Evolve most often invests alongside IP Group, Northern Gritstone, University of Liverpool and LYVA Labs, and the companies it backs on AI Lounge are mostly in AI.
Deals
Frequently asked questions about Norrsken Evolve
What AI companies has Norrsken Evolve invested in?
Norrsken Evolve's AI investments include Matter Machine, Volve, Velatir and TetraxAI. The 4 rounds on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is Norrsken Evolve based?
Norrsken Evolve is based in Stockholm, Stockholm County, Sweden.
What stage does Norrsken Evolve invest at?
In the rounds tracked on AI Lounge, Norrsken Evolve has invested at Seed and Pre-seed, with a median round of $5M.
Who does Norrsken Evolve co-invest with?
Norrsken Evolve's most frequent co-investors on AI Lounge are IP Group (1 deal), Northern Gritstone (1 deal), University of Liverpool (1 deal), LYVA Labs (1 deal) and Northern Universities Venture Fund (1 deal).
How can founders reach Norrsken Evolve?
Founders on AI Lounge can see Norrsken Evolve's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Norrsken Evolve to their Investor Pipeline to track the conversation.