Norrsken22
Pre-Seed, Seed, Series A
$1.0M – $10.0M
$205M
32+ companies
9 partners
Investment Thesis
Africa-focused VC backing scalable companies that build essential services and infrastructure, including fintech and payments.
Meet the Team
Lexi is General Partner of Norrsken22 based in Lagos, Nigeria. Lexi has more than 10 years of investment banking, emerging market private equity and venture capital experience. In 2012, Lexi moved to Nigeria, originally supporting growth-stage businesses in Nigeria at Verod Capital. In 2014, Lexi launched Singularity Investments, a private capital-backed venture investment firm, and invested in market champions across fintech and enterprise platforms including Paystack, Flutterwave, mPharma, SmileID and Migo. In 2019, Lexi acquired the firm’s portfolio and launched Acuity Venture Partners. Acuity’s two funds have invested in over 20 African tech companies, with the first fund returning 10.9 times invested capital. Prior to joining Verod, Lexi was focused on investments in Africa at the Small Enterprise Assistance Fund in Washington DC and covered financial services at New York-based hedge fund Sandler O’Neill Asset Management. Lexi is a faculty member and mentor to several accelerators and start-up academies. Lexi holds a BBA from the University of Hawaii, is a CFA Charterholder and Kauffman Fellow.
Bernard is a Principal at Norrsken22, based in Accra, Ghana. He has extensive experience in investing across sub-Saharan Africa. Most recently, Bernard was Head of Investments at Acuity, focusing on early-stage technology businesses in West Africa. He brings deep experience in investment banking, having executed mandates in excess of $150m for blue chip companies across the continent and has held key roles in the telecoms industry in Ghana. Bernard has spent part of his career in Kenya where he held advisory roles helping East African companies scale and access growth funding. Bernard holds a BSc from the Ashesi University in Accra, Ghana.
Maina is a Principal at Norrsken22, based in Nairobi, Kenya. He has previously been focused on the East African market in his previous role at DOB Equity. In his previous role, he focused on Seed to Series-A tech businesses across all sectors. He worked on the investments in Kwara, Cinch markets and Kwanza Tukule as well as leading DOB's EdTech investing efforts. He brings with him relationships with incubators, accelerators and early stage start-up networks in the region. Maina holds a BCom from Strathmore University with a double major in Finance and Management Science.
Nivesh is a Principal at Norrsken22, based in Johannesburg, South Africa. He has extensive early stage experience in investing across Africa across pre-seed, seed and Series A rounds. Most recently, Nivesh was Principal at Newtown Partners, focusing on early-stage technology businesses within healthcare, insurance, logistics and supply chain across the globe. He has 9 years of financial services experience across venture capital, cross border M&A, financial valuation, financial services advisory and audit. Nivesh holds a BAccSci from the University of Witwatersrand in Johannesburg, South Africa, and is a Chartered Accountant and CFA Charterholder.
Natalie is the Managing Partner of Norrsken22, responsible for the overall management of the Fund, based in Johannesburg, South Africa. Natalie brings a wealth of private equity and growth investing experience to Norrsken22, having spent 18 years at Actis – one of the leading private equity firms focused on the Emerging Markets. At Actis, Natalie was Global Head of Private Equity, responsible for the day-to-day management of the global PE business, spanning 8 funds across Africa, Latin America, India, China and SE Asia, with circa USD $2.5 billion in assets under management. Natalie was also part of the team that assessed and onboarded the Abraaj Africa, Middle East and South East Asia PE funds and team ($2.5bn portfolio). She is an experienced board member having held board seats on multiple companies across Africa and Europe and has been instrumental in numerous restructurings and successful exits. Natalie instilled and operated under world-class governance and ESG standards at Actis and brings this depth of knowledge with her to Norrsken22. Natalie holds a BComm from the University of Witwatersrand, an MBA (Cum Laude) from Wits Business School and is a CFA Charterholder.
Ngetha is General Partner of Norrsken22 based in Nairobi, Kenya. Ngetha joined Actis in 2011 and has 10+ years of investing experience on the African continent with investments primarily in the financial services and consumer sectors spanning Kenya, South Africa, Nigeria and Egypt. Notably, he played a pivotal role in Actis's investment in Fawry, the leading payments enablement company in Egypt, where Actis anchored a $100m secondary sale and subsequent IPO. He was also an integral deal team member in Actis's investment in Credit Services Holdings (CSH) to establish the leading independent credit services business in Africa. Ngetha brings significant experience developing and implementing value creation and operational improvement strategies within his portfolio companies. Prior to Actis, Ngetha worked with PCG Capital Partners, a growth stage private equity firm in California, USA investing non-control equity in mid-market companies. He started his career within the Investment Banking division of Credit Suisse in New York. Ngetha holds a BA from Middlebury College and an MBA from the Wharton School, University of Pennsylvania.
Niklas Adalberth is a Founding Partner of Norrsken22 and the founder of Norrsken Foundation. He co-founded Klarna in 2005, Europe’s largest online payment service company, and focuses on helping entrepreneurs solve the world’s greatest challenges.
Industry Focus
Invests In
Portfolio Companies (32)
Other
AURA
TurnStay
Kwara
Flutterwave
"Discovered via firm_website (high confidence)"
DeliveryHero
"Discovered via firm_website (high confidence)"
Klarna
"Discovered via firm_website (high confidence)"
Skype
"Discovered via firm_website (high confidence)"
Mojang
"Discovered via firm_website (high confidence)"
Izettle
"Discovered via firm_website (high confidence)"
King
"Discovered via firm_website (high confidence)"
Browse More Investors
Frequently Asked Questions
See if Norrsken22 is a match for your startup
Upload your pitch deck to see how well you match with Norrsken22 and 200+ other VC firms.