

Why Europe Is Winning the Climate Tech Race - Tove Larsson (Norrsken VC)
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!
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Thank you to DealMaker for sponsoring this episode. 💚
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⌛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 🔥
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Apple Podcasts - https://shorturl.at/HIDcg
Spotify - https://shorturl.at/yDTfR
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit climateventuresvco2.substack.com