Norrsken22 surpasses initial $200mn target

Norrsken22 has closed its first African technology growth fund and has surpassed its USD 200mn target, raising USD 205mn. It has attracted investments from development Finance institutions, which are; British International Investment, Norfund, Standard Bank Group, U.S. International Development Finance Corporation.

According to press reports, approximately 59% of the funding came from a consortium of unicorn founders.

In a statement issued by Norrsken22 the 30 individuals include   Olugbenga Agboola, co-founder Flutterwave, Niklas Zennström, co-founder Skype, Jacob de Geer, co-founder iZettle, Niklas Östberg, co-founder Delivery Hero, Carl Manneh, co-founder Mojang, Sebastian Knutsson, co-founder King and Willard Ahdritz of founder Kobalt Music.

The fund’s initial close attracted interest from SEB Pension Foundation and a few family offices.

Companies in the fund’s portfolio are Sabi, Autochek, Time Smile ID, Tyme and Shara.