- Northzone is an early stage venture capital fund investing in technology companies that is headquartered in London, England and was founded in 1996 by Bjorn Stray and Tellef Thorleifsson.
- The companies has offices in the Olso, Norway, London, England, and New York City, New York.
- Northzone has raised a total of $1.3 billion across 8 investment funds.
About Northzone
Northzone is a venture capital fund with a perspective shaped by lives as entrepreneurs. Established in 1996, they have raised over €1.5 billion in funds and partnered with the founders of Spotify, Avito, iZettle, Klarna, Hopin, and hundreds of others to build category-defining businesses. The firm has offices across the Nordics, London, and New York, it works around the clock to connect its companies with customers, business partners, and key talent on a truly international scale.
On December 16, 2014 Northzone completed raising $325 million in funding for their Fund VII from European institutional investors. Northzone will be using the fund to focus its investments in financial technology, marketplaces media ecosystems and platforms, e-commerce, software-as-a-service, and gaming companies. The fund will be used to make seed investments of €500k to €1 million, early stage investments of €1M to €5M, and growth stage investments of €5M to €15M.
Their most recent fund, Northzone VIII, was announced on Sep 5, 2016, and was €300 million. The company plans on using the investment fund to make early stage investments in the series A, series B, and series C funding rounds of European technology companies. The company claims to have interest in using their Fund VII to make investments in financial technology, e-commerce, media, and business.
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Northzone Portfolio
Northzone has made a total of 215 investments since its foundation in 2006. Their most recent investment was on June 2, 2021, when Thirty Madison, who offer direct-to-consumer healthcare and wellness products for people living with chronic conditions, raised $140M in a Series C funding round.
Northzone has made a total of 9 diversity investments. Their most recent diversity investment was on November 18, 2020, when Spring Health, who provide employers with a comprehensive and effective solution for employee mental well-being, raised $76M in a Series B funding round.
Northzone has had a total of 42 exits. Northzone’s most notable exits include Kahoot!, Spotify, and Trustpilot.
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