Niklas Adalberth

Last updated
Niklas Adalberth
TNW Conference 2013 - Day 2 (8679712475) (cropped).jpg
The Next Web 2013 Day 1
Born
Gustav Erik Niklas Adalberth

(1981-10-19) October 19, 1981 (age 43)
NationalitySwedish
Alma mater Stockholm School of Economics
OccupationEntrepreneur
Known forFounder, Norrsken Foundation, co-founder Klarna
Website norrsken.org

Gustav Erik Niklas Adalberth (born 1981) is a Swedish entrepreneur and philanthropist, known as the founder of Norrsken Foundation, a social impact organization founded in 2016. [1]

Contents

Biography

Adalberth was born and raised in Gottsunda parish, Uppsala, Sweden. During junior high school, he made money, among other things, by forging identification cards and government coupons before he was discovered. [2] He was an exchange student in Connecticut for a year. [2] Before starting his studies, he traveled and worked in Switzerland, among other places. He graduated from the Stockholm School of Economics, where with his childhood friend Sebastian Siemiatkowski and Victor Jacobsson, he founded the finance company Klarna in 2005. He left his operational role at Klarna in 2015 and subsequently founded the Norrsken foundation. [1]

Norrsken Foundation

In June 2016, Adalberth founded the Norrsken foundation. At the beginning of 2017, Norrsken opened the doors to the Norrsken House office hotel at Birger Jarlsgatan in central Stockholm, where over 400 entrepreneurs with a focus on social entrepreneurship work today. [3] In June 2019, Norrsken announced the opening of a second Norrsken House in Kigali, Rwanda, with the goal of becoming East Africa's largest hub for entrepreneurship. [4] In June 2020, it was announced that the major banks Nordea and SEB as well as the EU, through the European Investment Fund EIF, chose to invest in Norrsken's venture capital fund Norrsken VC. Previous investors in Norrsken VC include the Swedish state's Saminvest and the H&M family Perssons Ramsbury Invest. [5]

Related Research Articles

A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship includes all new businesses including self-employment and businesses that do not intend to go public, startups are new businesses that intend to grow large beyond the solo-founder. During the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to become successful and influential, such as unicorns.

<span class="mw-page-title-main">Venture capital</span> Form of private-equity financing

Venture capital (VC) is a form of private equity financing provided by firms or funds to startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in terms of number of employees, annual revenue, scale of operations, etc. Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing start-ups in the hopes that some of the companies they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. Start-ups are usually based on an innovative technology or business model and often come from high technology industries such as information technology (IT) or biotechnology.

<span class="mw-page-title-main">Niklas Zennström</span> Swedish entrepreneur (born 1966)

Niklas Zennström is a Swedish entrepreneur and technology investor. He is co-founder of the charity organization Zennström Philanthropies.

Sequoia Capital Operations, LLC is an American venture capital firm headquartered in Menlo Park, California which specializes in seed stage, early stage, and growth stage investments in private companies across technology sectors. As of 2022, the firm had approximately US$85 billion in assets under management.

<span class="mw-page-title-main">Jeffrey Skoll</span> Canadian engineer, internet entrepreneur and film producer

Jeffrey Stuart Skoll is a Canadian engineer, billionaire internet entrepreneur and film producer. He was the first president of eBay, eventually using the wealth this gave him to become a philanthropist, particularly through the Skoll Foundation, and his media company Participant Media. He founded an investment firm, Capricorn Investment Group, soon after and currently serves as its chairman. Born in Montreal, Quebec, he graduated from University of Toronto in 1987 and left Canada to attend Stanford University's business school in 1993.

<span class="mw-page-title-main">Bertil Hult</span> Swedish businessman

Bertil Eric Hult is a Swedish billionaire, known for founding educational and language school company EF Education First in 1965, and for being the patron and namesake of Hult International Business School. In 1971, he moved from Sweden to Germany, and in 1977, he established EF's head office in Lucerne, Switzerland, where he now lives. He was the company's CEO until 2002, and chairman until 2008. Today, he is semi-retired. Two of his four sons work in the company; his oldest son, Philip Hult, is company chairman and his third son, Edward Hult, is CEO for North America. Under Bertil Hult's supervision, EF grew to a multi-billion dollar corporation with more than 40,000 employees in 53 countries.

<span class="mw-page-title-main">Sebastian Siemiatkowski</span> Swedish entrepreneur (born 1981)

Sebastian Siemiatkowski is a Swedish entrepreneur who is the co-founder and chief executive officer of fintech company Klarna.

<span class="mw-page-title-main">Katedralskolan, Uppsala</span> Gymnasium in Sweden

Katedralskolan is a public gymnasium in Uppsala, Sweden. The school was, according to tradition, established in 1246. It is the oldest educational institution in Uppsala, and one of the oldest in Sweden.

<span class="mw-page-title-main">Ken Howery</span> American entrepreneur & diplomat (born 1975)

Kenneth Alan Howery is an American entrepreneur and diplomat. He is a co-founder of PayPal and Founders Fund. He served as the U.S. ambassador to Sweden from 2019 to 2021 under President Donald Trump.

An angel investor is an individual who provides capital to a business or businesses, including startups, usually in exchange for convertible debt or ownership equity. Angel investors often provide support to startups at a very early stage, once or in a consecutive manner, and when most investors are not prepared to back them. In a survey of 150 founders conducted by Wilbur Labs, about 70% of entrepreneurs will face potential business failure, and nearly 66% will face this potential failure within 25 months of launching their company. A small but increasing number of angel investors invest online through equity crowdfunding or organize themselves into angel groups or angel networks to share investment capital and provide advice to their portfolio companies. The number of angel investors has greatly increased since the mid-20th century.

<span class="mw-page-title-main">Habib Haddad</span>

Habib Haddad is a serial entrepreneur and early stage investor. He is currently the president and managing director of the E14 Fund that invests in spin-offs from MIT. Prior to that Habib has spent his career in startups as a founder and early employee.

Klarna Bank AB, commonly referred to as Klarna, is a Swedish fintech company that provides online financial services. The company provides payment processing services for the e-commerce industry, managing store claims and customer payments. The company is a "buy now, pay later" service provider.

The Tony Elumelu Foundation (TEF) is an African non-profit organization founded in 2010 by Tony O. Elumelu and headquartered in Lagos, Nigeria. It is a pioneer member of the Global Impact Investment Rating System (GIIRS). So far, the Foundation has empowered over 18,000 African entrepreneurs across 54 African countries.

<span class="mw-page-title-main">Yunus Social Business</span> Non-profit organisation

Yunus Social Business (YSB) is a non-profit organisation with an impact-investing arm, Yunus Funds, and a corporate social-innovation consulting arm, Yunus Corporate Innovation. Both business units are based on furthering the concept of social business.

<span class="mw-page-title-main">Jonathan Lacoste</span> American internet entrepreneur (born 1993)

Jonathan Lacoste is a venture capitalist and software entrepreneur based in Austin, TX. He is the Founder & General Partner at Space.VC, an early-stage venture capital fund specialized on space, defense, and frontier tech investments. Notable investments have included SpaceX, True Anomaly, and Loft Orbital. Previously, Jonathan was the Co-Founder of Jebbit, an enterprise software company he co-founded in 2011 with university classmates. He and co-founder Tom Coburn ran the company for 12 years before being acquired by Vista Equity Partners.

John Filip Tysander is a Swedish businessman and entrepreneur who founded the watch brand Daniel Wellington in 2011.

Yadin B. Kaufmann is an Israeli-American technology investor, social entrepreneur and writer.

Norrsken Foundation is a non-profit, non-religious and non-partisan foundation dedicated to helping entrepreneurs solve the world's greatest challenges, such as poverty, famine, mental health, pollution and climate change. It has raised several venture capital funds, manages an accelerator program for early-stage startups and operates co-working spaces in Stockholm, Sweden; Kigali, Rwanda and Barcelona, Spain. Norrsken was created by Niklas Adalberth, one of the founders of the fintech company Klarna.

<span class="mw-page-title-main">Tomas Björkman</span> Swedish financier

Tomas Björkman is a Swedish financier, social entrepreneur and author. Björkman has worked in Stockholm and Geneva and is based in London.

<span class="mw-page-title-main">Impact X</span> British venture capital firm

Impact X Capital is a venture capital firm which looks to invest in underrepresented entrepreneurs from across Europe. Impact X Capital was started by Eric Collins. Its initial founding members include Ursula Burns, Ric Lewis and Lenny Henry.

References

  1. 1 2 Carlsson, Sven (2018-02-22). "Efter 13 år – Niklas Adalberth lämnar Klarna". Digital.di.se. Archived from the original on 2020-06-10. Retrieved 2024-05-20.
  2. 1 2 Micu, Patrik (2020-06-30). "Klarna-miljardären Niklas Adalberth berättar om anklagelserna" [The Klarna billionaire talks about the shocking allegations]. www.expressen.se (in Swedish). Retrieved 2024-05-20.
  3. Billing, Mimi (2017-12-12). "Klarna-grundaren lägger en halv miljard på Norrsken" [The Klarna founder invests half a billion in Norrsken] (in Swedish). Archived from the original on 2019-04-03. Retrieved 2024-05-20.
  4. "Swedish impact hub Norrsken Foundation goes to Rwanda". Sifted. Retrieved 2024-05-20.
  5. FrostbergText, Thomas (2020-06-09). "Storbankerna kliver in i Norrskens miljardfond" [The big banks step into Norrsken's billion-dollar fund]. Dagens industri (in Swedish). Retrieved 2024-05-20.