Northzone closes on $500m

Northzone closes on $500m

Northzone raised $500 million for its oversubscribed ninth fund, attracting capital from existing and new investors. This is the firm’s largest single vehicle – surpassing Northzone VIII’s $350 million final close in September 2016 – and a final close is expected in the coming days.

Northzone focuses on early-stage innovative consumer and enterprise companies across Europe and the US east coast and has already made three investments out of the fund. As part of its investment strategy, the firm also has the ability to pursue selective seed stage investments.