Northzone, the European VC firm that’s probably best-known for being an early backer of Spotify, has raised a new $500 million fund, which it claims was oversubscribed and will reach its final close imminently. Dubbed “Northzone IX,” the new fund pretty much represents business as usual for Northzone and will be used to invest primarily at Series A and B, with “selective” Seed investments (as many Series A firms increasingly do). Geographically, Northzone is targeting Europe and the East Coast of the U.S., and is eyeing up early-stage consumer and enterprise companies that are addressing “large and established industries saddled with legacy technology”.
Northzone Raises New $500m Fund To Back Startups In Europe (and The East Coast, Us)
Steve O'Hear, TechCrunch
Sun, 11/17/2019 - 5:00pm
Topics: spotify dubbed northzone ix selective seed geographically east coast the vc fresh jessica general partners gps pär-jörgen pärson jeppe zink tech i ve and i that general partner michiel we eif european investment fund u.s lps asian lps because europe i northzone i i series a u.s vc schultz paul murphy michiel kotting i and i lps asian lp lot cycle focus sort years huge cycles world product pretty downturns co-founder key themes
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