Investing €300 million in startups leveraging AI for benevolent purposes, according to Norrsken.
The Norrsken Foundation, a non-profit impact organization founded in 2016 by Niklas Adalberth, has announced a significant commitment of €300 million to invest in European startups leveraging Artificial Intelligence (AI) to find solutions for major challenges in climate, health, food, education, and society.
The foundation, which was established with the aim to support the impact ecosystem, is particularly focused on startups that use AI to tackle significant societal challenges. These include clean energy, healthcare inequities, education gaps, and sustainable food systems. The investments are guided by the United Nations Sustainable Development Goals (SDGs), ensuring that the supported startups have a strong impact and sustainability profile.
Norrsken's investments will come from its Norrsken VC, Norrsken Launcher, and Norrsken Accelerator funds. The specific European startups that the foundation is investing in have not been explicitly listed as of yet, but the commitment marks a significant step towards addressing global challenges using AI.
The belief that AI is a real chance to fix what truly matters and has barely scratched the surface of what this technology can do is shared by Norrsken. The foundation believes that the most valuable companies are those that solve major global challenges and that the first trillion-euro companies will be built by problem engineers solving global challenges at scale.
AI is being used in various ways to address these challenges. For instance, it is being used to optimize entire energy systems, speed up drug discovery, and reduce food waste through precision agriculture. Additionally, AI is being employed to detect diseases earlier, providing a crucial tool in healthcare.
The growth of AI startups is evident in the venture capital funding they are receiving. Last year, AI startups raised more than $110 billion, a growth of 62% on the previous year, according to Dealroom's AI Summit 2025 report.
For detailed information on specific startups, it would be necessary to consult the Norrsken Foundation directly or await further announcements from them. It is an exciting time for AI and its potential to transform industries and address global challenges, and the Norrsken Foundation's commitment is a significant step towards realizing this potential.
- The Norrsken Foundation, with a focus on societal challenges, is particularly investing in European startups that utilize Artificial Intelligence (AI), aiming to address climate, health, food, education, and societal issues.
- These investments are aligned with the United Nations Sustainable Development Goals (SDGs), ensuring the startups have a strong impact and sustainability profile, specifically in clean energy, healthcare equity, education, and sustainable food systems.
- The Norrsken Foundation's investments come from its Norrsken VC, Norrsken Launcher, and Norrsken Accelerator funds, marking a significant step towards addressing global issues using AI.
- The growth of AI startups is evident in the venture capital funding they are receiving, with AI startups raising over $110 billion last year, a 62% increase compared to the previous year.
