IFC discloses proposed investment in Norrsken22 fund
The IFC has disclosed a proposed equity investment of up to $10 million in the N22 Africa Fund, a Sweden domiciled pan-African late-stage VC fund targeting to raise $200 million.
The fund is managed by Norrsken22, owned by Niklas Adelberth, Hans Otterling, Natalie Kolbe, Ngetha Waithaka, Lexi Novitse and Stine Foss.
The N22 Africa Fund reached a second-close of $156 million in October 2022.
The fund will primarily invest in Nigeria, Ghana, South Africa and Kenya with a secondary focus on other African markets.