Northzone

Founded 1996
Founders Bjorn Stray Ingar Ostby Karl-Christian Agerup Tellef Thorleifsson

Overview

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 172
Average round size
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The average size of a deal this fund participated in
$21M
Portfolio companies 124
Rounds per year 6.88
Lead investments 63
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.40
Exits 38
Key employees 9
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • E-Commerce
  • Mobile
  • FinTech
  • Information Technology
Summary

Northzone appeared to be the VC, which was created in 1996. The main office of represented VC is situated in the Stockholm. The fund was located in Europe if to be more exact in Sweden.

The current fund was established by Bjorn Stray, Tellef Thorleifsson. The overall number of key employees were 9.

For fund there is a match between the location of its establishment and the land of its numerous investments - Sweden. Among the most successful fund investment fields, there are Advertising, SaaS. The fund has no exact preference in some founders of portfolio startups. In case when startup counts 5+ of the founder, the chance for it to get the investment is meager. Among the most popular portfolio startups of the fund, we may highlight Spotify, Klarna, IZettle. Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund.

The standard case for the fund is to invest in rounds with 3-4 partakers. Despite the Northzone, startups are often financed by Global Founders Capital, GP Bullhound, Index Ventures. The meaningful sponsors for the fund in investment in the same round are Industrifonden, Conor Venture Partners, Global Founders Capital. In the next rounds fund is usually obtained by Industrifonden, Index Ventures, Creandum.

The important activity for fund was in 2018. Despite it in 2019 the fund had an activity. Opposing the other organizations, this Northzone works on 10 percentage points less the average amount of lead investments. When the investment is from Northzone the average startup value is more than 1 billion dollars. The usual things for fund are deals in the range of 10 - 50 millions dollars. The increased amount of exits for fund were in 2018. The fund is generally included in 7-12 deals every year. Considering the real fund results, this VC is 25 percentage points more often commits exit comparing to other organizations.

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Notable deals

CompanyIndustryRoundRound SizeDateInvestorsLocation

Stockeld Dreamery

Food and Beverage
1
$16M02 Sep 2021 Sweden, " Sweden"}

Livepeer

Communities
Information Technology
Software
Video
Video Streaming
1
$20M29 Jul 2021 United States, New York

Magic

Apps
Cyber Security
Developer Tools
Identity Management
Information Technology
Mobile Apps
Security
1
$27M22 Jul 2021 United States, San Francisco

Microverse

Education
Internet
Software
1
$12M01 Jul 2021 United States, San Francisco

Yoni Circle

1
$4M23 Jun 2021 United States, New York

Forto

Freight Service
Logistics
Real Time
Shipping
Software
Supply Chain Management
Transportation
1
$238M21 Jun 2021 Germany, Berlin

Thirty Madison

Health Care
Personal Health
Pharmaceutical
Wellness
1
$140M02 Jun 2021 United States, New York

Nextday Property

Commercial Real Estate
Real Estate
Real Estate Investment
n/a
$6M31 Mar 2021 United Kingdom, London

Flink Food

E-Commerce
Food and Beverage
Grocery
Internet
1
$52M02 Mar 2021 Germany, Berlin
News
Spring Health Scores $190M Series C Round

– Spring Health, the most comprehensive global mental health solution for employers and health plans, has secured $190m in Series C funding.
– Top healthcare investor Kinnevik led the round and was joined by new investor The Guardian Life Insurance Company of America (Guardian Life), along with existing investors Tiger Global, Northzone, RRE Ventures, Rethink Impact, Work-Bench, William K Warren Foundation, SemperVirens, Able Partners, and True Capital Ventures.
– The company’s total investment to date is $300m, bringing the company’s current valuation to $2bn on the heels of approximately 6x revenue growth over the past year.

Fintech startup SellersFunding raises $166.5M in equity, credit round to support e-commerce sellers

– SellersFunding secured $166.5m in a combination of Series A equity funding and a credit facility.
Northzone led the round and was joined by Endeavor Catalyst and Fasanara.
– The company created a digital platform that delivers financial tools and resources to streamline global commerce for thousands of marketplaces, including working capital, cross-border cash management, tax solutions and business valuation.
– The company has consistently grown 300% year over year.

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