VCo2 | The Climate Investing Podcast
VCo2 | The Climate Investing Podcast
Why Europe Is Winning the Climate Tech Race - Tove Larsson (Norrsken VC)
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Why Europe Is Winning the Climate Tech Race - Tove Larsson (Norrsken VC)

A discussion about the future of climate tech startups
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Listen now on Apple, Spotify, and YouTube.


Thank you to DealMaker for sponsoring this episode. 💚

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This week, we sit down with Tove Larsson, General Partner at Norrsken VC, one of the largest climate VCs in Europe with already 3 unicorns in their portfolio and built on top of Norrsken Foundation, launched by Niklas Adalberth (founder of Klarna).

We discuss why the geopolitical landscape is creating new opportunities, how Europe’s startup ecosystem is maturing, and what VCs need to change about their approach to impact investing.

In this episode, you’ll learn:

  • Why Europe is a more attractive climate tech market than ever before

  • How the European policy landscape (Green Deal, CBAM, etc.) is shaping startups

  • The sectors with the strongest unicorn potential in climate

  • Examples of booming sectors from Norrsken’s portfolio

  • How to support startups during and after failure

  • What LPs really think about impact funds, and why that’s changing

  • … and more!

Watch the full conversation on YouTube 👇


⌛TIMESTAMPS

  • 00:00 Introduction & Europe's Investment Boom

  • 04:49 Norssken & Klarna's Story

  • 06:44 Key Sectors in Climate

  • 09:28 AI For Climate?

  • 16:09 European Policy Landscape

  • 20:05 It's Time for Climate Unicorns

  • 26:37 We Need More LPs In Climate

  • 31:10 Embracing Risk & Failure

  • 38:41 Rapid Fire Questions 🔥


📚 REFERENCES

  • Klarna (Niklas Adalberth, co-founder of Norrsken Foundation)

  • terralayr – grid-scale batteries with cloud software

  • juna.AI – AI for heavy industry energy efficiency

  • evroc – European alternative to AWS

  • Vind AI – optimizing wind turbine placement and operations

  • European Green Deal, Clean Industrial Deal, Circular Economy Act

  • Norrsken House Brussel


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