Elsa Science keeps growing with a 2M € round

Elsa Science raises from Norrsken Foundation, Inventure and others

Elsa Science keeps growing with a 2M € round

Late last year Stockholm’s Norrsken Foundation launched Europe’s biggest social impact fund for early-stage tech startups. Today the €100m fund announces its first investment.

Norrsken is leading a €2m seed round in Elsa Science, a Swedish startup that has created a digital platform to provide individualised health advice for people suffering with rheumatoid arthritis — a disease that affects about 1% of the world population.

By investing in companies like Elsa Science, the Norrsken Foundation has explicitly set out to prove that an “impact-first” investment philosophy can also generate market rate returns. The Foundation was launched in 2016 by Klarna cofounder Niklas Adalberth, who quit his role at the digital payments provider to focus on creating a buzz around purpose-driven startups.

Read more