Northzone is a multi-stage venture capital firm operating across Europe and the US. Since 1996, it has backed more than 250 companies, including Spotify, Klarna, and Kahoot!, partnering with founders from Seed to Growth stage.
Deal activity decreased year-over-year (17 deals in the last 12 months vs 25 prior). Average disclosed round size is $72.5M (across 208 rounds with reported amounts).
Portfolio
169
Fund Size
$1B
Top Stage
Series A
Last 12 Mo
17
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
298 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 MicroAGI | Seed | $55M | Jul 2026 |
 Sona | Series B | $45M | Apr 2026 |
 Sona | Unknown | $45M | Apr 2026 |
| AAdranos | Series C | — | Mar 2026 |
 Hybridity | Seed | — | Feb 2026 |
 Seamflow | Seed | $4.5M | Feb 2026 |
 Brickanta | Series A | — | Jan 2026 |
| Brickanta | Seed | $8M | Jan 2026 |
 Stream | Series D | $90M | Jan 2026 |
 GovDash | Series B | $30M | Jan 2026 |
 Tandem Health | Series B | $100M | Jan 2026 |
 Iconic Games | Seed | $13M | Dec 2025 |
 BFL | Series B | $300M | Dec 2025 |
 GC AI | Unknown | $60M | Nov 2025 |
 GC AI | Series B | $60M | Nov 2025 |
 Riff | Series A | — | Oct 2025 |
 DeFacto | Series B | — | Sep 2025 |
 Cusp AI | Series A | — | Sep 2025 |
 Topline Pro | Series B | $27M | Aug 2025 |
 Topline Pro | Series B | $27M | Aug 2025 |
 Murphy | Seed | — | Jul 2025 |
 CarOnSale | Series C | — | Jul 2025 |
 Genesis AI | Series D | — | Jul 2025 |
| Tandem Health | Series A | — | Jun 2025 |
 Finom | Series C | — | Jun 2025 |
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Top Co-Investors
Accel22 shared
General Catalyst20 shared
Balderton Capital19 shared
Cherry Ventures18 shared
Creandum17 shared
Tiger Global Management, LLC17 shared
EQT Ventures15 shared
Y Combinator15 shared
SoftBank Vision Fund14 shared
Founders Fund14 shared
Seedcamp13 shared
Headline12 shared
Temasek Holdings (Private) Limited11 shared
Kindred Ventures11 shared
Speedinvest10 shared
FJ Labs10 shared
Industrifonden10 shared
Lightspeed Venture Partners10 shared
Rough Draft10 shared
Salesforce Ventures9 shared
Last updated: 27 September 2026