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Northzone

Oslo / London · Founded 1996

One of Europe's top multi-stage VC firms since 1996. 250+ portfolio companies, 8 unicorns. Notable exits: Spotify, Klarna, iZettle, Kahoot!.

SaaSFintechConsumer TechDeep TechAI
AUM
NOK 10.0B
Stage Focus
Seed, Series A, Series B, Growth
Total Deployed
NOK 2.9B
Estimated Portfolio Value
NOK 52.5B
CompanyTime in MarketInvestedValuation at EntryCurrent / Exit ValueSharesStatusSource
Pleo
Fintech / Expense Management · Denmark
6.9 yr
Series A · 2019
NOK 120MNOK 450MNOK 6.5BActive
Personio
HR SaaS · Germany
6.7 yr
Series A · 2019
NOK 180MNOK 700MNOK 8.0BActive
Tibber
Energy Tech · Norway
6.2 yr
Series B · 2020
NOK 200MNOK 900MNOK 3.5BActive
Forto
Logistics / SaaS · Germany
6.1 yr
Series A · 2020
NOK 200MNOK 800MNOK 2.0BActive
Anyfin
Fintech / Consumer Lending · Sweden
5.7 yr
Series B · 2020
NOK 220MNOK 900MNOK 1.5BActive
Einride
Electric / Autonomous Freight · Sweden
4.9 yr
Series B · 2021
NOK 450MNOK 2.0BNOK 3.2BActive
Papercup
AI / Media · UK
3.9 yr
Series B · 2022
NOK 150MNOK 700MNOK 900MActive
Finom
Fintech / Neobank · Netherlands
3.5 yr
Growth · 2022
NOK 300MNOK 1.5BNOK 2.2BActive
Spring Health
Digital Health · USA
2.7 yr
Series D · 2023
NOK 350MNOK 3.0BNOK 4.5BActive
Northzone Ventures Norway as
Technology · Norway
3.3 yr
Seed · 2024
UndisclosedUndisclosedUndisclosed
100 (100.00%)
Active
Black Forest Labs
AI / Generative · Germany
1.8 yr
Series A · 2024
NOK 400MNOK 2.0BNOK 3.5BActive
Showing 11 investments · Valuations are estimates based on public data and last known rounds