Novator Partners is an international private equity, growth equity and special situations investor founded by Icelandic businessman Thor Björgólfsson in 2004. The firm invests across developed and emerging markets, with offices in Switzerland, London, Iceland, and Luxembourg.
They made 1 investments in the last 12 months. Average disclosed round size is $106.9M (across 19 rounds with reported amounts).
Portfolio
20
Fund Size
—
Top Stage
Series B
Last 12 Mo
0
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
25 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Numan | Series B | — | Jul 2025 |
 Steel City Interactive | Series B | — | May 2024 |
 Klang Games | Series C | $41M | Jul 2022 |
 Nord Security | Series D | $100M | Apr 2022 |
 Sona | Seed | $6.6M | Mar 2022 |
 Rebag | Series E | $33M | Dec 2021 |
 Dott | Series D | $200M | Oct 2021 |
 Lyst (fashion company) | Growth | $85M | May 2021 |
 Bloom Wild | Series D | $102M | Jan 2021 |
 Vela Games | Series A | $17.3M | Jan 2021 |
| TTier | Series C | $250M | Nov 2020 |
| Numan | Series A | — | Oct 2020 |
 Cazoo | Series D | $311M | Oct 2020 |
 Olive Technologies | Seed | $1M | Sep 2020 |
 Zwift | Series C | — | Sep 2020 |
 Lockwood Publishing | Series A | $25M | Jan 2020 |
| ZZwift, Inc. | Series C | $450M | Jan 2020 |
 Mitosis | Series B | — | Aug 2019 |
| Rebag | Series C | $25M | Feb 2019 |
| TTier | Series B | $100M | Jan 2019 |
| Zwift | Series A | $27M | Nov 2016 |
 CCP Games | Series B | $30M | Nov 2015 |
| Numan | Series B | — | — |
 Verne Global | Unknown | $27M | — |
 TIER Mobility | Series D | $200M | — |
Top Co-Investors
General Catalyst6 shared
Mubadala Ventures5 shared
White Star Capital5 shared
RTP Global4 shared
Northzone4 shared
Speedinvest4 shared
Shasta Ventures2 shared
Goodwater Capital2 shared
SoftBank Vision Fund2 shared
Fidelity Investments2 shared
Burda Principal Investments2 shared
Supercell Investments2 shared
M&G Investments2 shared
Mountain Group Partners2 shared
KKR2 shared
Causeway Media Partners2 shared
Highland Europe2 shared
True Ventures2 shared
Permira2 shared
Anthemis2 shared
Last updated: 8 September 2026