Northzone announced Northzone IX, a $500M fund for European startup investments.
Northzone, a Nordic originating and London, UK-headquartered investment fund, announced that it closed Northzone IX, a $500M investment fund dedicated to back companies at seed, Series A and B level.
The fund is targeting early-stage consumer and enterprise companies from large and established industries based on legacy technology, and active in financial services, healthcare, education, mobility and construction.
The company is scouting in Europe and can deploy funds on the East Coast of the US. Northzone IX already made three investments in Pollen, Spacemarker and Livepper.
At the same time, Northzone announced promoting two team members to the General Partner position: Jessica Schultz and Paul Murphy, joining Pär-Jörgen Pärson, Jeppe Zink, and Michiel Kotting.
Northzone was founded in Norway in 1996 by Bjørn Stray and Tellef Thorleifsson. The company has about 1BN euro under management, spread over 8 funds, and is operated from four offices: London, Stockholm, Oslo and New York.