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Northzone raises record €1bn for tenth VC fund

Northzone has raised in excess of €1 billion in new capital commitments for what is the firm’s targets fundraising to date and one of the largest venture capital funds raised in Europe so far this year.

Northzone has raised in excess of €1 billion in new capital commitments for what is the firm’s targets fundraising to date and one of the largest venture capital funds raised in Europe so far this year.

With the new funds, Northzone will invest in global consumer and enterprise companies across Europe and the US. This will reflect the international VC firm’s long-term investment philosophy, focusing on global opportunities at all funding stages from seed through to IPO.
 
Northzone’s investment strategy will continue to focus on companies with strong propositions and founders with the vision and conviction to succeed on a global stage. In the past, this has included leading the early-stage rounds of Spotify, Kahoot!, Personio and TIER but also later stage investments like Klarna and Zopa. The team will continue investing in verticals such as fintech, healthtech, SaaS, workplace software as well as consumer apps and entertainment.  
  
Since the launch of its $500m Fund IX in 2019 Northzone has significantly expanded its offer to founders with new hires across Sustainability, Marketing, Talent and Business Development. Northzone continues to build a diverse team, both internally and through its portfolio companies, and is one of the only venture firms globally with a 50/50 gender split in its investment team. 
 

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