We propose a semi-classical model for femtosecond-laser induced demagnetization due to spinpolarized excited electron diffusion in the super-diffusive regime. Our approach treats the finite elapsed time and transport in space between multiple electronic collisions exactly, as well as the presence of several metal films in the sample. Solving the derived transport equation numerically we show that this mechanism accounts for the experimentally observed demagnetization within 200 fs in Ni, without the need to invoke any angular momentum dissipation channel.Excitation with femtosecond laser pulses is known for more than a decade to cause an ultrafast quenching of the magnetization in metallic ferromagnets [1]. The achieved demagnetization times are typically 100-300 fs for ferromagnets such as Ni [1,2]. Hence, laser-induced demagnetization opens up new, interesting routes for magnetic recording with hitherto unprecedented speeds [3]. However, in spite of the technological importance the mechanism underlying the femtosecond demagnetization remains highly controversial. A common belief is that there should exist an ultrafast channel for the dissipation of spin angular momentum [4][5][6][7][8]. Several such mechanisms through which an excited electron can undergo a spinflip in a ferromagnetic metal are currently being debated. The main proposed mechanisms for a fast spin-flip process are a Stoner excitation, an inelastic magnon scattering, an Elliott-Yafet-type of phonon scattering [4,5], spin-flip Coulomb scattering [6], laser-induced spin-flips [7], or relativistic quantum electrodynamic processes [8]. An effect that, until recently [9], has been regarded to play only a marginal role is the spin-polarized transport of laser-excited hot electrons.In this Letter we show that spin-dependent transport of laser-excited electrons provides a considerable contribution to the ultrafast demagnetization process and can even completely explain it. We demonstrate this by developing a transport equation for the super-diffusive flow of spin-polarized electrons. A few approaches to describe the electron motion have been attempted previously [10,11]. In our theory, however, we take into account the whole process of multiple, spin-conserving electron scattering events and electron cascades created by inelastic electron scattering. Also the presence of different metallic films in the probed material is treated. We solve the developed theory numerically for ferromagnetic Ni, for which the femtosecond demagnetization is well documented [1,2,12], and show that a large demagnetization in a few hundred femtoseconds is generated.The typical geometry for a femtosecond laser experiment is depicted in Fig. 1. The intense laser beam creates excited hot electrons in the ferromagnetic film, which will start to move in a random direction. Our goal is to compute the time-dependent magnetization resulting from the super-diffusive motion in the laser spot. Due to the fact that the electronic mean-free-path (up to a few tens of nm) is much smaller tha...