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Norrsken VC, the venture capital arm of Klarna founder Niklas Adalberth’s Norrsken Foundation, is looking to catch the upside of ESG tailwinds, which are still strong in Europe, at least. Norrsken VC is the lead investor in a €13 million Series A investment round for Predium, a Munich-based maker of AI-driven environmental, social and governance management software for the real estate and finance industries. Existing investors UVC Partners, b2venture and Mutschler Ventures have also participated in the Series A funding round.
“The real estate market is undergoing a huge transformation as the pressure to decarbonize becomes ever stronger,” said Agate Freimane, General Partner at Norrsken. In the EU, for example, regulations finalized this year require all new buildings to be all new buildings to have zero on-site emissions from fossil fuels by 2030. Predoim’s software, Agate said, enables property owners and operators “to make smart, data-driven decisions that both increase the value of the property and have a sustainable impact.”
Existing clients include Deutsche Investment Group, real estate management company Colliers and insurance company Baloise.
