London-based Northzone, an early-stage venture capital fund, announced on Tuesday that it has raised €1B in funding to back the next generation of changemakers.
Northzone says it is now looking for entrepreneurs who are building a mindful, innovative future; and founders have proven many times that they thrive in turbulent times. The firm believes technology innovation will continue to be the silver lining that leads to real societal progress in the face of the global climate catastrophe and social, economical, and political uncertainties.
Capital utilisation
Northzone says it will continue to be long-term partners to founders, focusing on opportunities across Europe and the US, and from Seed through to IPO. The firm will back its existing verticals such as fintech, healthtech, SaaS, and consumer.
Northzone says, “Our investment strategy has always prioritised finding and backing the most ambitious entrepreneurs at the right stage. From Seed to Growth, we are excited to be able to offer more to our founders across multiple stages of their company-building journey. That’s why with this fund, we decided to earmark a significant part of our capital for growth stage investments so that we can offer our entrepreneurs a “full-stack” partner, from Seed to pre-IPO.”
The London-based firm also mentioned that it will support its portfolio founders at every step of their journey. This is because Northzone has already invested in a fully integrated platform team, with expertise across marketing, talent, finance, and legal, and has also built a network of 300+ seasoned operators who have already successfully scaled teams.
A new world
Northzone believes that founders now have more options when choosing their venture capital partner and that tech innovation will continue to drive some of the biggest changes in the coming generations.
“We’ve seen it create new jobs and industries, as well as remove barriers to opportunities around the world. Startups today can tap into a bigger pool of talent than ever before and decide whether to build teams locally or entirely remotely,” says Northzone.
About Northzone
Founded in 1996, Northzone is an early-stage venture capital fund that claims it is built on experience spanning multiple economic and disruptive technology cycles. It has over $1.7B in assets under management.
Currently, the firm has its hubs in New York, London and Stockholm. It has also raised nine funds to date, and has invested in more than 150 companies, including Spotify, iZettle, Avito, Kahoot!, Hopin, Klarna, and Trustpilot.
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