Now’s a good time to be an entrepreneur in the Nordics and Baltics as more funds seem to be closing, meaning investors may be fighting for early-stage companies. Somewhat recently Creandum closed Creandum III, Atomico raised €476 million, and Vision+ raises €50 million for their revenue share fund.
Today Northzone announces its first close of a new technology investment fund, dubbed Northzone VII, with €150 million secured. The target size of the fund is €200 million.
“Over the past eighteen years, we have been fortunate to be involved in the growth of companies such as Spotify, Avito, Tobii, Pricerunner, iZettle and many more,” said partner Tellef Thorleifsson.
“We see many attractive investment opportunities driven by an increasing rate of innovation and a large and growing pool of dedicated and talented entrepreneurs coming out of the Nordic region. Thanks to the commitment of new and longstanding limited partners, we will continue to play a key role in this development. We are particularly pleased to welcome a roster of new high quality Swedish investors into our fund such as SEB Pension Fund and AP6.”
Northzone has been a player in the Nordic countries for the past 18 years, and have so far invested in around 75 companies. Their focus is in Nordic early-stage technology investing.