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Northzone

Northzone

A European venture capital firm investing in technology companies.

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. Notable investments made by Northzone include Spotify, iZettle, Trustpilot, Avito, Klarna, Wallapop Lastminute.com, Pricerunner, NextGenTel, and Stepstone.

Investment funds

Northzone has raised a total of $1.3 billion across 8 funds.

Fund VII

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.

Fund VIII

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 to business software-as-a-service companies.

Timeline

Funded Companies

Company
Description
Industry
Website
Location
Nokia

Nokia is a telecommunications, IT and consumer electronics company specializing in 5G technology, network solutions and mobile phones.

Trustpilot offers a validated and open review community through which consumers can learn about a business and how others have experienced their product and service, and businesses can understand consumers engagement with their products.

A full-service healthcare company in New York that focuses on providing medications.

fuboTV is an Over The Top subscription service that streams premium sports and live channels.

Freight forwarding company offering instant quotes and transparent pricing.

Fishbrain is a Stockholm-based company founded by Johan Attby, Marcus Fransson, Jens Persson and Jakob Mattsson.

A company that uses virtual reality and virtual laboratories for life science education

Nested is a London-based company founded by Matt Robinson, James Turford and Phil Cowans.

Bunch is a San Francisco-based company behind a mobile app which lets groups of friends play video games together from their phones.

Tier Mobility is a Berlin-based shared e-scooter vehicle company. The company was founded in 2018 by Julian Blessin, Lawrence Leuschner, and Matthias Laug.

Anyfin is a Stockholm-based company founded by Sven Perkmann, Mikael Hussain and Filip Polhem.

Silex Microsystems is a Sweden-based manufacturing company founded in 2000 by Edvard Kälvesten.

ReVolt Technology is a company that emerged from SINTEF, Norway.

Aidence is an artificial intelligence company founded by Jeroen Van Duffelen.

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Andrii Degeler
April 6, 2021
Tech.eu
The European startup ecosystem has been showing great growth numbers over the past year, which was well documented by ourselves and other organisations that keep track of the numbers. In the first quarter of this year, however, we also noticed a significant number of startups entering the unicorn territory -- a metric that may be showing [...]
Cecile Bussy
April 2, 2021
Sifted
Which UK VC investors provide real insights into tech, startups and the next big trends -- and is worth following on Twitter?
Anthony Ha
January 19, 2021
TechCrunch
Northzone's new partner Wendy Xiao Schadeck isn't new to the firm -- she actually joined back in 2015. Before entering the venture world, Schadeck co-founded co-working and childcare startup CoHatchery. And as a Northzone principal, she's already been involved in the firm's investments in Spring Health (mental health), 3box (cloud infrastructure), Livepeer (blockchain-based video transcoding), [...]
Robin Wauters
December 21, 2020
Tech.eu
Northzone has sold 12 million of its shares - or half of its ownership - in Kahoot, the Norwegian game-based learning platform, to SoftBank at a price of 79 Norwegian Krone apiece, netting the investment firm roughly €90 million at the current exchange rate. The deal gives SoftBank a total of 60 million shares, or [...]
Mike Butcher
November 30, 2020
TechCrunch
Infogrid, an IoT startup which can retrofit an existing building to make it 'smart', has raised $15.5 million. The Series A funding round was led by Northzone with participation from JLL Spark, Concrete VC, The Venture Collective, Jigsaw VC, an unarmed real estate investment group, and an unnamed large international asset owner, although one report [...]
Mike Butcher
November 30, 2020
TechCrunch
Infogrid, an IoT startup which can retrofit an existing building to make it 'smart', has raised $15.5 million. The Series A funding round was led by Northzone with participation from JLL Spark, Concrete VC, The Venture Collective, Jigsaw VC, an unarmed real estate investment group, and an unnamed large international asset owner, although one report [...]
Heather Landi
November 19, 2020
FierceHealthcare
Spring Health offers a personalized employer mental health solution and just scored a $76 million funding round. Find out why investors, including NBA star Kyle Lowry, are backing this mental health benefits startup.
Mike Butcher
November 17, 2020
TechCrunch
Forto, a digital freight forwarder which has experienced a boom during the pandemic, has raised another $50 million in funding. This takes its total investment to $73 million after it raised $23m in debt financing from the European Investment Bank this year. It's now raised $126 million in total, since its launch in 2016. The [...]
Mike Butcher
November 17, 2020
TechCrunch
Forto, a digital freight forwarder which has experienced a boom during the pandemic, has raised another $50 million in funding. This takes its total investment to $73 million after it raised $23m in debt financing from the European Investment Bank this year. It's now raised $126 million in total, since its launch in 2016. The [...]
Callum Burroughs
November 11, 2020
Business Insider
Live events startup Hopin is one of Europe's fastest ever unicorns with a $2.1 billion valuation in less than a year.
Steve O'Hear
February 4, 2020
TechCrunch
Dan Jones, the former General Partner at Global Founders Capital (the venture arm of Rocket Internet) and previously an investor with Fidelity, is thought to be nearing the first close of a new early-stage venture capital fund. Dubbed "Jigsaw," the VC firm appears to be co-founded with Dan Smith, who previously ran Anthemis Exponential and [...]
Andrii Degeler
November 29, 2019
Tech.eu
In this podcast episode, we've talked to Marta Sjögren, partner at the VC firm Northzone, and Peter Reinhardt, co-founder and CEO of a unicorn startup Segment.
Callum Burroughs
November 18, 2019
Business Insider
"We've been successful because we have true founder empathy, we are sticking to what's working," said Paul Murphy, general partner at Northzone.
Ingrid Lunden
October 24, 2019
TechCrunch
Influencer marketing and the related area of spon con have become a cornerstone of how the internet's wheels spin: personalities attract traffic and buzz, and help shift not just sentiment but often products for brands, giving boosts both to online engagement and commerce. Now, a London startup called Verve, which plays on the influencer theme [...]
Eric Peckham
June 21, 2019
TechCrunch
As the gaming market continues to boom, billions of dollars are being invested in new games and new streaming platforms vying to own a piece of the action. Most of the value is accruing to the large incumbents in a space, however, and the entrance of Google and other big tech companies makes it difficult [...]
Danny Crichton
June 17, 2019
TechCrunch
Video is the core entertainment medium of the web. Platforms like YouTube, Twitch, Netflix and more deliver millions of hours of videos to hungry consumers every day, and those deliveries will only intensify as video games move increasingly to streaming models. Yet, delivering all of that content remains an expensive and challenging endeavor. The largest [...]
Steve O'Hear
June 10, 2019
TechCrunch
Spacemaker, a Norway-based startup that's created AI software to help property developers and architects make better design decisions, has picked up $25 million in Series A funding. The round is jointly led by Atomico and Northzone, with participation from investors in property and construction tech including Danish property developer NREP, Nordic property developer OBOS, and [...]
Eric Peckham
April 3, 2019
TechCrunch
We live in the subscription streaming era of media. Across film, TV, music, and audiobooks, subscription streaming platforms now shape the market. Gaming and podcasting could be next. Where are the startup opportunities in this shift, and in the next shift that will occur? I sat down with Pär-Jör...

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