European multi-stage venture capital firm Northzone closed its latest oversubscribed fund at over €1B ($1.08B).
The firm announced that it had appointed Singaporean firm Thrive Alternatives as the sole placement agent for the Asia Pacific region. Thrive aided Northzone's fundraising campaign and helped secure investors from the region.
The new fund, Northzone's largest yet to date, will back startups from seed to pre-IPO stages.
- This is Northzone's 10th fund and is twice the size of its predecessor, which closed with $500M in 2019.
- The firm will invest in fintech, health tech, SaaS, enterprise software, and consumer tech startups across the U.S. and Europe.
- The London, U.K.-based firm has backed over 150 startups to date, most notably Spotify, iZettle, Klarna, Hopin, and Trustpilot.
