This eight-week program distinguishes itself through a commitment to guiding successful startups with insights from leading experts who share a belief in the transformative power of technology and entrepreneurship. Leveraging the experience of these mentors, participants receive crucial support to navigate challenges and achieve their goals.
$205 million dedicated to supporting African startups in crucial stages of growth
In November 2023, Norrsken22 achieved a significant milestone by securing $205 million for its flagship fund dedicated to supporting African startups in crucial stages of growth. Founded by industry veterans in venture capital and private equity, Norrsken22 operates in Rwanda, Nigeria, South Africa, Kenya, and Ghana.
To bridge the gap between growth and late-stage investments
The African Tech Growth Fund, a crucial component of Norrsken22's initiative, reached its first close with $110 million in support from 30 global unicorn founders. In the face of a global slowdown in venture capital activity, Norrsken22 aims to bridge the gap between growth and late-stage investments, with a particular focus on Series A and B funding rounds. Approximately 50% of the fund is allocated to building a portfolio of promising companies, while the rest is reserved for future investments.
Priority to fintech, edtech, medtech, and market growth solutions
Norrsken22 prioritizes sectors such as fintech, edtech, medtech, and market growth solutions, anticipating strong returns and positive impacts across Africa. Notable names in their portfolio include TymeBank, Sabi, Smile Identity, Autochek, and Shara. Entrepreneurs eager to be part of this transformative journey can submit their applications through the following link: https://airtable.com/app7bGSveZe9qXGM5/pag01no0ldy3Ae7Br/form
