Series C

Series A

Series B

Pre-Seed

Seed

Unknown Series Round

Cape Town

Series D

Hans Otterling

Niklas Adalberth

Ngetha Waithaka

Explore Norrsken22's portfolio and investment trends in technology. Find exclusive insights at Lucidity Insights.

Norrsken22

Norrsken22 is a technology growth fund, backed by over 30 prominent unicorn founders, partnering with exceptional entrepreneurs building Africa’s next tech giants.

Singapore

TymeBank

Banking

Financial Services

Fintech

Bank freely with TymeBank! Open secure digital personal and business bank accounts, save on monthly bank charges and enjoy the best savings interest rates.

Stitch Money

Payments

San Francisco

Debt Financing

Nala Money

Finance

NALA is an application that acts as an interface on top of the mobile money payment systems that allows the user to make transfers, payments, and transactions seven times faster, without data connectivity.

Lagos

Sabi Am

Information Technology

Technology Infrastructure

Supply Chain

Sabi is a venture-backed technology company enabling secure, traceable, and compliant sourcing of critical minerals and rare earths from Africa.

We’re not brokers—we’re building the digital infrastructure that powers transparent mineral supply chains. Through our proprietary TRACE platform, we deliver real-time, source-to-export traceability across 10 mineral value chains, including lithium, cobalt, tungsten, tantalum, and antimony.

Cairo

OneOrder

Food Delivery

Catering

Food and Beverage

OneOrder offers the F&B industry a reliable, timely supply of quality goods with embedded financing, at a consistent price and without the stress of managing various suppliers on a daily basis, all

Autochek Africa

Automotive

Manufacturing

Loan

Cars

Insurance

Autochek Africa is an Automotive Technology development company that builds solutions aimed at enabling and enhancing commerce within the automotive sector.

Raenest

Payment

Raenest is a modern, multi-currency platform for Africans that makes managing money across borders easy.

Taager

E-Commerce

Technology

Logistics

Social Commerce

Retail

Mobile Apps

Taager is a social e-commerce platform that empowers online merchants by providing complete end-to-end logistics solutions.

Waza

Waza is a B2B global payments platform that helps businesses in emerging markets, particularly in Africa, LATAM, Asia, and the Middle East, manage payments to global vendors. It enables African businesses with limited access to hard currencies (USD, EUR, GBP) to make international payments easily.

Nairobi

Shara

Shara is a fintech platform that enables small businesses to offer credit to their customers, allowing purchases to be made upfront and repaid in installments to support business growth.

Shiprazor

Transportation

Supply Chain Management

Warehousing

Shiprazor is a cutting-edge shipping aggregator revolutionising the logistics industry by providing seamless solutions for businesses in Africa.

Orca Fraud

Fraud Monitoring

Cybersecurity

Cloud Security

Orca Fraud provides an AI-driven fraud orchestration platform for conventional and decentralized financial systems, offering real-time identification of emerging fraud patterns.

Emerging economies face trade deficits that cause demand for the dollar, which dominates global trade to exceed supply. This imbalance raises costs and delays trade. In Africa, the problem is exacerbated by the shortage of tech solutions addressing the liquidity needs of large enterprises and multinationals, with many cross-border payment platforms opting to build consumer-facing products.   Enter Waza, a Y Combinator-backed payment and liquidity platform that is emerging from stealth with $8 million in seed money. The startup claims to make it easier for African businesses and traders to manage and pay their suppliers globally. It says it’s targeting a $7 trillion market with the potential to generate $250 billion in revenue.

Waza comes out of stealth with $8M to power global trade for African businesses

Waza, a Y Combinator-backed B2B payment and liquidity provider for emerging market businesses, has secured $8 million in equity and debt funding to expand into new markets beyond its current operations in Ghana and Nigeria and to introduce new trade finance solutions.

Nigeria’s Waza raises $8 million to expand and launch new trade finance solutions

Waza, a Lagos, Nigeria-based international payments startup, raised $8m in funding.

The round included $3m raised in equity funding from Y Combinator, Byld Ventures, Norrsken Africa, Heirloom VC, and Plug and Play Tech Center, and $5m in debt.

Waza Raises 8M in Equity and Debt Funding

Taager, an Egypt-founded social e-commerce platform, has secured $6.75 million in a pre-Series B funding round led by Norrsken22, a tech growth fund focused on Africa. The investment underscores growing investor interest in the burgeoning social commerce sector within the Middle East and North Africa (MENA) region.

Existing investors, including BECO Capital, 4DX Ventures, RAED Ventures, and Breyer Capital, also participated in the round, alongside new backers Endeavor Catalyst and Beltone VC. The funding will be used to accelerate Taager’s expansion across the MENA region, capitalizing on the rapid growth of online shopping through social media platforms.

Egypt’s Taager Raises $6.75 Million to Fuel Social Commerce Expansion in MENA Updates

Orca, a South African startup that works with banks and fintechs in emerging markets to fight various types of fraud, has raised a $550,000 pre-seed round. The money raised will be used to build simple, yet effective fraud prevention tools and iterate with customers in South Africa. The round was led by Norrsken22 with participation from First Circle Capital, Musha Ventures, Kara Ventures as well as several strategic business angels and family and friends. The round was well oversubscribed which is remarkable in these current market conditions.

Orca Fraud raises $550k in pre-seed round

Orca Fraud, a Cape Town, South Africa-based startup that works with banks and fintechs in emerging markets to fight various types of fraud, raised $550K in Pre-Seed funding.
The round was led by Norrsken22 with participation from First Circle Capital, Musha Ventures, Kara Ventures and others.

Orca Fraud Raises $550K in Pre-Seed Funding

Cape Town-based logistics startup Shiprazor has secured $2.65 million in seed funding, led by Norrsken22, bringing its total funding to $3.3 million. Founded in May 2023 by Sahil Affriya, Shiprazor aims to streamline logistics for South African merchants by providing access to multiple courier partners through a single integration with platforms like Shopify and WooCommerce. The company has already processed over 1.5 million deliveries and plans to use the new funding to expand its courier network and develop AI tools to reduce delivery errors. With Africa's logistics market facing significant challenges, Shiprazor seeks to enhance the fulfillment infrastructure for local businesses amid rising operational costs.

Shiprazor Bags $2.65M to Build AI-Powered Logistics for African Merchants

Sabi, a Lagos-based B2B e-commerce startup, has raised $38 million in Series B funding at a valuation of $300 million. The round was led by CommerzVentures, Norrsken22, Fluent Ventures, Proof VC, CRE Venture Capital, and Janngo Capital. The company plans to expand into new markets including Tanzania, Malawi, the Democratic Republic of Congo, and Francophone West Africa, while maintaining a focus on sound unit economics and profitability.

Nigeria-based B2B marketplace Sabi secures $38 million Series B funding for expansion

African B2B e-commerce startup Sabi raised $38 million in a Series B funding round at a $300 million valuation. The company is pivoting from its retail-focused platform to focus on traceable exports through its new vertical, TRACE, which targets mineral and agricultural exports. This pivot has led to a 20% workforce reduction as Sabi aligns resources with the growing demand for traceable commodities. Sabi exports over 20,000 tons of commodities monthly and has expanded operations to the U.S.

After raising $38M, African e-commerce startup Sabi lays off 20%, pivots to traceable exports

OneOrder, the tech supply chain and logistics solution that has revolutionised the hotel, restaurant, and catering (HoReCa) industries in Egypt, announces that it has raised $16 million in equity and debt in a Series A round to expand into the GCC region, beginning with the UAE. The round is led by previous investor Delivery Hero Ventures, with participation from Norrsken22 as well as Egypt-based Nclude and A15. This follows a $1 pre-Seed and $3 million seed round in February and December 2022, respectively.

OneOrder raises $16 million Series A to propel GCC expansion plans

OneOrder, an Egypt-based logistics startup, raised $16 million in equity and debt in a Series A round. The funds will support its expansion into the Gulf Cooperation Council (GCC) region in late 2024, focusing on customer financing solutions and platform enhancements.
The round was led by Delivery Hero Ventures, with participation from Norrsken22, Egypt-based Nclude, and A15. This follows a $3 million seed round to strengthen its in-house operations in February 2022.

Egypt’s OneOrder secures $16m in Series A to enter new Gulf markets

To revolutionize the hospitality supply chain sector, OneOrder, the innovative tech solution transforming hotel, restaurant, and catering industries in Egypt, has announced a successful Series A funding round, raising $16 million in equity and debt. Spearheaded by Delivery Hero Ventures, the round saw notable participation from Norrsken22, Egypt-based Nclude, and A15.

OneOrder Secures $16M Funding, Targets Hospitality Supply Chain Revolution

Egyptian-based tech startup OneOrder has announced the closure of a $16 million Series A funding round. Spearheaded by Delivery Hero Ventures, the round saw participation from Norrsken22, alongside existing investors Nclude and A15.

Norrsken22

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 9 sectors we invest in

Portfolio Companies
or Investments

Executive Team Members

Norrsken22

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 9 sectors we invest in

Portfolio Companies or Investments

Executive Team Members

Portfolio Companies
or Investments