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Northzone raises €300 mln fund

 

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Northzone has raised a 300 million-euro fund for early stage investments in Europe, the Nordic VC firm said on Monday.

At 300 million euros Northzone VIII is one of the largest venture funds in Europe.

“Despite the turbulent market conditions, this has been our fastest fund-raise ever, coming on the tail of a great year returning significant funds to our investors,” Jeppe Zink, partner at Northzone said in a statement.

 

The firm’s year has included a successful IPO of Tobii, and the sale of Avito in one of the largest venture-backed tech M&A deals in Europe. The fund also completed a number of new investments in companies like Kahoot, Universal Avenue, CornerJob, and Catawiki.

Northzone, which now has around 1 billion euros under its management, was an early investor in Spotify, Trustpilot and iZettle, and more recently, in companies like Wallapop, Lesara and MarketInvoice.

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Tarmo Virki
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