Swedish VC firm Northzone has announced that the firm will invest €1bn in the next-gen innovative futurebuilders in many stages from seed to IPO. This is the largest fundraise of the company so far. They will continue to invest in existing verticals such as fintech, healthtech, SaaS, and consumer. Yet, most of the capital will feed the businesses in the growth stage.
Northzone is an early-stage venture capital fund partnering with founders at Seed, Series A, and Series B stages. Across Europe and the US. With two decades of experience, it has been chosen by some of the best entrepreneurs as its long-term partner for growth. With offices across the Nordics, London, and in New York, Northzone works around the clock to connect its companies with customers, business partners, and key talent on a truly international scale.
Since 1996, the firm has raised over $1.7 billion and made over 175 investments including many successful companies like Spotify, iZettle, Klarna, Trustpilot, Kahoot!, Tier, Personio, Zopa, Forto, TrueLayer, and Spring Health.