Sustainability/Analysis/ The 36 most promising impact startups in Europe (according to investors) With the aim to create the "Nobel prize for impact" Norrsken has today released a list of the most promising impact startups right now By Mimi Billing 16 August 2022 Swedish startup Volta Greentech attempts to reduce global greenhouse gas emissions from cows. It is one of the startups picked for the 100 impact list. Swedish startup Volta Greentech attempts to reduce global greenhouse gas emissions from cows. It is one of the startups picked for the 100 impact list. \Sustainability How startups can usher in the circular economy By Sifted 21 February 2023 Sustainability/Analysis/ The 36 most promising impact startups in Europe (according to investors) With the aim to create the "Nobel prize for impact" Norrsken has today released a list of the most promising impact startups right now By Mimi Billing 16 August 2022 Swedish impact VC and coworking space Norrsken has today released a list of 100 impact startups. Out of those, 36 are based in Europe. The list was compiled from about 500 nominations from the US-based Obama Foundation, nonprofit VCs Acumen and Footprint Coalition, Nordic investors Summa Equity and Katapult and 13 others. The list is an eclectic mix of companies, from recently launched startups to well-known multinationals — even SpaceX is on it, not for bringing us closer to Mars but because of its work on a low-latency broadband system. Some of the well-known European names on the list include French foodtech startup Ÿnsect, Swedish battery factory Northvolt and Lithuanian secondhand marketplace Vinted. Niklas Adalberth, founder of Norrsken According to the selection criteria, all the companies listed have to address the UN Sustainable Development Goals and have them as an intrinsic and non-negotiable part of their business model. And if they don’t yet have a minimum viable product on the market, they should at least have raised a seed round or Series A — with the aim and ability to scale quickly. The unicorn hubs becoming impact hubs That the great majority of the European companies included are based in Sweden, the UK and Germany isn’t surprising, according to the Norrsken founder Niklas Adalberth. “If you look at where the most unicorns in Europe come from, you have six or seven hubs like Stockholm, London, Berlin and Barcelona. When you look at impact startups, they come from the same ecosystems,” he says. The list is an expansion of a Nordic-specific ranking that Norrsken published in 2019, and Adalberth says he wants to create a “Nobel prize for impact” using the list in place of nominations. Norrsken will announce two winners in September — one valued below $1bn and one above. And although the winners probably wouldn’t turn down a Nobel prize-sized pot of money, in this case, they will have to make do with a lifelong membership at Norrsken’s working space in Stockholm and Kigali as well as the honour of being selected. The 36 most promising impact startups in Europe, according to the committee Agriculture and biotech AgroLeague (France) Farmforce (Norway) Aquammodate (Sweden) Arborea (UK) Deep Branch (UK) Climate tech Made of Air (Germany) Volta Greentech (Sweden) Climateview (Sweden) Dendra Systems (UK) BeZero (UK) Energy Village Data Analytics (Germany) 1Komma5° (Germany) Instagrid (Germany) Desolenator (Netherlands) Submer (Spain) Alight Energy (Sweden) H2 Green Steel (Sweden) Northvolt (Sweden) Bloom Biorenewables (Switzerland) Transport Elonroad (Sweden) Heart Aerospace (Sweden) Einride (Sweden) Healthcare Molecular Attraction (Sweden) Vira Health (UK) C the Signs (UK) PearBio (UK) Foodtech Ynsect (France) QOA (Germany) Winnow (UK) Olio (UK) Ecommerce and clothing Back Market (France) Material Exchange (Sweden) Infinited Fiber (Finland) Vinted (Lithuania) BioRestore (Sweden) Education CanopyLAB (Denmark) Mimi Billing is Sifted’s Nordic correspondent and tweets from @MimiBilling Related Articles What it takes to scale up European tech By Marie Mawad in Paris Click here to read more Sunset for the solar-powered car? Lightyear files for bankruptcy By Freya Pratty Click here to read more Planet A closes €160m for science-based climate investing By Freya Pratty Click here to read more Energy Impact Partners launches in Europe with €390m fund By Freya Pratty Click here to read more Most Read 1 \Healthtech Is Daniel Ek’s new body scanner worth the hype? Sifted tried it out 2 \Venture Capital VC diversity needs to change — and white men need to take responsibility 3 \Venture Capital New €3.75bn European Investment Fund pot to back late-stage VCs 4 \Sustainability Counteract closes £15m fund for carbon removal solutions 5 \Mobility Was the $5bn that VCs plugged into escooters worth it?
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