About Northzone
Northzone is a venture capital firm founded in 1996. It is primarily based out of London, United Kingdom. As of Jul 2026, Northzone is an active investor, having invested in 210 companies, with 16 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Seed round of Yope Overall, Northzone portfolio has seen 10 unicorns, 10 IPOs and 61 acquisitions including key companies like Spotify, Klarna and FuboTV. A lot of funds co-invest with Northzone, with names like Accel sharing a substantial percentage of its portfolio. Northzone has team of 19 people including 9 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 9 more
Portfolio IPOs
Portfolio Unicorns
Northzone's List of Top Investments
Northzone has a portfolio of 210 companies, including 10 unicorns. Their most notable investments are in Flink and Flink.Their portfolio spans across United States, Sweden, United Kingdom and 20 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 29 other sectors, across stages such as Series A, Seed and 9 more. Here is the list of top investments by Northzone:1. Spotify
Provider of a platform for streaming digital music and podcasts. The platform allows users to listen to a wide variety of audio content. It is accessible via web browsers and dedicated applications.
Key facts about Spotify
- Founded Year: 2006
- Location: Stockholm (Sweden)
- Annual Revenue: €1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $2.06B
- Employee Count: 19,075 as on Jun 30, 2026
- Investors: TCV, ADS Ventures and 125 Others
- Latest Funding Round: Post IPO, Feb 10, 2023, $*****
- Highlight: Public
2. Klarna
Developer of an online platform for point-of-sale financing. It enables users to purchase products within the partnered merchant network and split the cost of the purchase from the stores into interest-free payments and also works in-store. It also enables users to make instalment payments by credit or debit cards on retail purchases, receive price changes, and deal alerts. Its mobile application is available on Android and iOS platforms.
Key facts about Klarna
- Founded Year: 2005
- Location: Stockholm (Sweden)
- Stage: Public
- Total Funding till date: $4.19B
- Employee Count: 4,629 as on Jun 30, 2026
- Investors: TCV, SeedFord Partners and 136 Others
- Latest Funding Round: Conventional Debt, Aug 21, 2025, $*****
- Highlight: Public
3. FuboTV
Operator of streaming platforms providing live sports, news, and entertainment. The platforms deliver programming through user experience offering choice, flexibility, and value. The company focuses on computer vision technology to innovate on a global scale.
Key facts about FuboTV
- Founded Year: 2015
- Location: New York City (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $151M
- Employee Count: 701 as on Jun 30, 2026
- Investors: Advantas Capital Ventures, Luminari Capital and 19 Others
- Latest Funding Round: Post IPO, Feb 16, 2021, $*****
- Highlight: Acquired
4. RingCentral
Cloud based platform offering unified communication solutions. It offers products with features including video and audio conferencing, team messaging, screen or file sharing, online meeting management, real-time analytics, and live reports. The company caters to industries such as health care, education, finance, retail, government, nonprofit organizations, etc. It enables user access on a subscription-based pricing model.
Key facts about RingCentral
- Founded Year: 1999
- Location: Belmont (United States)
- Stage: Acquired
- Total Funding till date: $44M
- Employee Count: 6,728 as on Jun 30, 2026
- Investors: Adams Street Partners, GIC and 59 Others
- Latest Funding Round: Post IPO, Oct 21, 2022, $*****
- Highlight: Acquired
Tech enabled mental healthcare solutions and health plans for employers. It offers a platform that leverages data to match individuals with care, ranging from digital support to in person therapy. The platform includes personalized care plans, appointment scheduling, and access to on demand wellness exercises. The solution also incorporates an employee assistance program with assessment, personalized recommendations, and access to a diverse network of providers.
Key facts about Spring Health
- Founded Year: 2016
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $474M
- Employee Count: 3,830 as on Jun 30, 2026
- Investors: Generation Investment Management, EQUIAM and 31 Others
- Latest Funding Round: Series E, Jul 16, 2024, $*****
- Highlight: Editors' Pick
Northzone's Year-on-Year Investment Trends
Northzone has invested in 212 companies over the last 24 years, with an average of 12 new investments annually in the last 10 years. In 2025, it made 28 investments, while as of Jul 2026, it has made 13 investments in this year. Its most recent first time investment was in Yope and most recent follow-on round was in CuspAI.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 8 | 5 | 13 |
2025 | 16 | 12 | 28 |
2024 | 16 | 8 | 24 |
2023 | 7 | 11 | 18 |
2022 | 19 | 10 | 29 |
2021 | 11 | 19 | 30 |
2020 | 6 | 15 | 21 |
2019 | 7 | 18 | 25 |
2018 | 9 | 12 | 21 |
2017 | 13 | 11 | 24 |
Northzone's Investments by Stage
Northzone is primarily an Early Stage Investor investor majorly investing in Series A (99) rounds where average round size is $1.39B, Seed (47) rounds where average round size is $495M and Series B (26) rounds where average round size is $1.23B.Stage of entry | No. of Investments |
|---|---|
Series A | 99 |
Seed | 47 |
Series B | 26 |
Series C | 7 |
Angel | 1 |
Others | 6 |
Note: We have considered here, only first round of investments
Northzone's Investments by Sector
Northzone has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, FinTech, High Tech and Vertical SaaS. Notably, it has invested in 187 Tech companies, 139 Enterprise (B2B) companies, 118 Software companies and at least 76 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 86 |
Consumer | 47 |
FinTech | 34 |
High Tech | 26 |
Vertical SaaS | 23 |
Others | 213 |
Note: We have considered here, only first round of investments
Northzone's Investments by Geography
Northzone has made most investments in United States (55), followed by Sweden where it has made 32 investments.Country | No. of Investments |
|---|---|
United States | 55 |
Sweden | 32 |
United Kingdom | 23 |
Germany | 17 |
Norway | 12 |
Others | 48 |
Note: We have considered here, only first round of investments
Northzone's recent investments
Northzone has made 13 investments in 2026 so far. Yope and CuspAI are the latest among them.Here are the most recent investments by Northzone:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 22, 2026 | United States | Seed | 9339 | ||
Jul 20, 2026 | United States | Series B | 4469 | [+16] | |
Jul 16, 2026 | Germany | Seed | 5708 | [+3] | |
May 01, 2026 | United States | Series B | 7572 | [+12] | |
Apr 16, 2026 | Denmark | Series A | 5928 |
Unicorns in Northzone's Portfolio
Northzone has 10 unicorns in its portfolio - Blitzy, Black Forest Labs, Einride and others. The most recent unicorn in their portfolio is Blitzy. It became a unicorn in 2026.Here is a list of unicorns in Northzone's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
58 | AI powered IT application development platform | 2023 | Cambridge | Series B | mdux{au | ||
58 | Frontier AI lab building visual infrastructure for tomorrow's creative reality | 2024 | Wilmington | Series B | cdtayhh | ||
74 | Provider of electric and autonomous freight transportation solutions | 2016 | Stockholm | Series E | hfzishw | ||
68 | On-demand grocery delivery service platform that enables users to order everyday essentials | 2020 | Berlin | Series C | wclazvx | ||
67 | Operator of shared electric scooters and bicycles for urban transit | 2018 | Berlin | Series D | kpnchox |
IPOs and Publicly Listed companies in Northzone's Portfolio
10 of Northzone's portfolio companies have become public. Silex Microsystems got listed on the Stockholm Stock Exchange (STO), in May 2026 at marketcap of $3.33B and Klarna got listed on the New York Stock Exchange (NYSE) at marketcap of $15.1B.Here are Northzone's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 07, 2026 | Jul 23, 2008 | Series B | 5488 | |
Sep 10, 2025 | - | - | 7407 | |
Mar 23, 2021 | Sep 20, 2011 | Series A | 6049 | |
Apr 06, 2018 | 2007 | Series A | 7897 | |
Apr 24, 2015 | May 21, 2009 | Series B | 8382 |
Acquired companies in Northzone's Portfolio
61 companies from Northzone's portfolio have been acquired. The most recent acquisition was Sunscreen in Jul 2026 by Fhenix for $*****.Here are Northzone's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 02, 2026 | Jul 18, 2022 | Seed | 1004 | |
Oct 29, 2025 | Jun 19, 2017 | Series C | 2837 | |
Oct 28, 2025 | Oct 22, 2019 | Series A | 1606 | |
Oct 22, 2025 | Dec 03, 2014 | Series A | 2596 | |
Oct 01, 2025 | Jan 23, 2020 | Seed | 6908 |
Team profile of Northzone
Northzone has a team of 19 members including 9 Partners and 5 Principals located in United Kingdom, Norway and 3 more locations. Northzone's team sits on the board of 3 companies.Here is a list of top team members in Northzone:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Amsterdam | - | ||
Partner | New York City | - | ||
Partner | Oslo | - | - | |
Partner | Oslo | - | ||
Partner | London | - | ||
Partner | - | - | ||
Partner | - | - | - | |
Partner | Stockholm | - | - | |
Partner | Harrogate | - | - |
Co-investors of Northzone
Over the past 24 years, 1303 investors have co-invested in Northzone's portfolio companies. This includes funds and angels.
- Invested before Northzone: Accel, Europa and 361 others have invested in rounds before Northzone. There are 6 companies where Accel has invested before Northzone and 4 companies where Europa has invested before Northzone.
- Top Co-investors of Northzone: 490 investors entered a company along with Northzone. These include investors like Accel (5 companies).
- Invested after Northzone: A total of 450 investors have invested in Northzone's portfolio after their investments. Top Investors include Europa (7 companies), Tiger Global Management (5 companies) and EIC Fund (5 companies).
Recent News related to Northzone
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MicroAGI Secures $55 Million Seed Funding for Robot Training Softwaremanager magazin•Jul 16, 2026•MicroAGI, Hummingbird Ventures, Village Global, LocalGlobe and 2 others
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spektr Launches spektrQ to Answer Compliance's Hardest AI Question: Where to StartThe Associated Press•Jun 24, 2026•Spektr, Seedcamp, Nea, Northzone
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Blitzy Raises $200M at $1.4B Valuation to Deploy Thousands of Coding Agents in ParallelSiliconAngle•May 05, 2026•Blitzy, Northzone, PSG, Battery Ventures and 5 others
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spektr Raises $20M Series A FundingFinSMEs•Apr 16, 2026•Spektr, Northzone, New Enterprise Associates, PSV Deeptech and 1 other
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FX payments startup OpenFX raises $94 million from Accel, othersViestories•Apr 01, 2026•OpenFX, M13 Company, Pantera Capital, Lightspeed Venture Partners and 4 others
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Sona Raises $45M Series B to Bring AI to the Frontline EconomyTMC•Apr 01, 2026•N47, Felicis Ventures, Sona, Italianfoundersfund.com and 3 others
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XBOW Secures $120M in Series C Funding to Scale AI-Powered HackerBusinessFortNight•Mar 18, 2026•XBOW, DFJ Growth, Northzone
