Northzone Raises $500M Ninth Venture Capital Fund
Summary
The fund, one of the largest early stage venture capital funds raised in Europe this year, will double down on investing in early-stage innovative consumer and enterprise companies across Europe and the US East Coast, focusing primarily on Series A and B rounds. The new fund will pursue opportunities that address large and established industries saddled with legacy technology, such as financial services, healthcare, education, mobility and construction, in B2B as well as in consumer applications. With the launch of NZ IX, Hello Fresh co-founder Jessica Schultz and Dots co-founder Paul Murphy have been promoted to General Partners, alongside Pär-Jörgen Pärson, Jeppe Zink, and Michiel Kotting. Founded in 1996, Northzone is one of the most experienced venture capital firms in Europe, with offices in Stockholm, London, New York and Oslo. For the past two decades, Northzone has invested in over 150 companies, including seminal names in European tech such as Spotify, iZettle, Klarna, Avito, Trustpilot, lastminute.com, Stepstone, Personio, Zopa and others.