Northzone raises €1bn

The London-based investment firm has raised €1bn for its 10th flagship fund.

Fund name: Northzone X
Amount raised: €1 billion
Stage of fundraising: Final close
Final close date: September 2022
Predecessor fund: Northzone IX

Northzone has held a final close for its Northzone X fund on €1 billion.

The fund surpasses its predecessor, Northzone IX, which closed in March 2020 on $500 million. The fund will invest in the TMT sector in Europe and North America, with a focus on fintech, healthtech, SaaS and consumer.

Northzone X will use a significant part of its capital for growth stage investments to back companies from seed to pre-IPO.