Norrsken22 invites African startups to apply for its $125k Accelerator Program

Pan-African venture capital firm, Norrsken22, has recently opened up applications for its eight-week Norrsken Accelerator program. Unlike traditional accelerators, this Stockholm-based initiative provides upfront funding of $125,000 and enabling interactions with unicorn mentors and leading investors.

One of the unique facets of this program is its approach to equip successful startups with guidance from top-tier advisors, who, like them, believe in leveraging technology and entrepreneurship to foster positive societal change.

The mentors, having experienced the journey of startups, provide critical insights and support in overcoming obstacles and reaching goals.

In November 2023, Norrsken22 successfully raised $205 million for its premier fund dedicated to supporting African startups during key stages of growth. Established by veterans from the venture capital and private equity sectors, the firm has operations spread across Nigeria, South Africa, Kenya, and Ghana.

Their African Tech Growth Fund managed to secure $110 million in its initial close, backed by 30 global unicorn founders. Despite a global slump in venture capital activity, Norrsken22 strives to fill the void between growth and late-stage investments, with a focus on Series A and B rounds.

About 50% of their resources are invested in crafting a portfolio of potential-rich companies while the remaining is reserved for future investments.

With a penchant for supporting fintech, edtech, medtech, and solutions enabling market growth promising robust returns and positive impact across Africa, Norrsken22’s portfolio includes notable names like TymeBank, Sabi, Smile Identity, Autochek, and Shara.

Interested entrepreneurs can apply here.