Firms

Northzone

London, GB

northzone.com

signal.nfx.com

goldi.ai

Generalist transatlantic venture investor founded in 1996, investing Europe/US from seed to growth. Official homepage reports USD 3.1bn+ manager AUM (undated, accessed 2026-10-06). Dated 2022 tenth fundraising EUR 1bn headline is distinct from AUM and later USD 1.2bn+ wording, without new verified close.

Founded: —
Type: Venture capital

Funds1

Northzone Fund X2022-09-132022-09-13€1B
EUR 1bn headline raised in tenth fundraising, reported in excess of EUR 1bn. Allocation between legal early-stage/growth vehicles unresolved; amount not forced to one partnership. Significant growth allocation; no invented 2026 new fund from dollar conversion.

Team

Investments

$45M2026-04-02	Sona	Felicis, Gradient Ventures, Northzone
$45M2026-04-01	Sona	Felicis, Northzone, Niki Pezeshki, Darian Shirazi, Deepka Rana, Jeppe Zink
$—2026-03-18	Adranos	Sequoia, Alkeon Capital Management, DFJ Growth, Altimeter Capital Management, LP, Northzone, NFDG
$4M2026-02-11	Seamflow	Northzone
$90M2026-01-20	Stream	Northzone, Rob Moffat, Jeppe Zink
$30M2026-01-15	GovDash	Y Combinator, Mucker Capital, Northzone, British Columbia Investment Management Corporation
$13M2025-12-15	Iconic Games	Kindred Ventures, Northzone
$300M2025-12-01	BFL	Bain Capital, Temasek Holdings (Private) Limited, BroadLight Capital, Earlybird Venture Capital, Samsung Next, Salesforce Ventures, Creandum, Bain Capital Ventures, General Catalyst, S32, Cherry Ventures, Lux Capital, Northzone, Notion Capital, Section 32
$—2025-10-23	Riff	Founders Fund, Skyfall Ventures, Sondo Capital, Illusian, Maki.vc, Northzone
$—2025-09-17	Defacto	Founders Fund, La Maison Partners, Blast.Club, Citi Ventures, Northzone, Headline
$100M2025-09-10	CuspAI	Basis Set Ventures, Northzone, Mandeep Singh
$27M2025-08-21	Topline Pro	Northzone
$27M2025-08-14	Topline Pro	Northzone
$—2025-07-14	Murphy	Northzone, Lakestar
$—2025-07-07	CarOnSale	Creandum, Stripes, Northzone, Insight Partners, HV Capital
$105M2025-07-01	Genesis AI	Khosla Ventures, Bpifrance, HongShan, Eclipse, Northzone
$—2025-06-30	Tandem Health	Northzone
$130M2025-06-23	Finom	General Catalyst, Northzone, Headline, AVP, Sanjot Malhi, Zeynep Yavuz
$—2025-05-22	Kota	Frontline Ventures, Northzone
$17M2025-05-21	Filed	Northzone, Day One Ventures
$27M2025-05-08	Clarium	General Catalyst, 1984 Ventures, Kaiser Permanente Ventures, Northzone, AlleyCorp, Reva Nohria
$—2025-05-07	Stream Holdings	Balderton Capital, Northzone
$—2025-05-06	Finom	General Catalyst, Target Global, Northzone, Entrée Capital, Cogito Capital Partners
$7M2025-03-12	Mimo	Project A Ventures, Northzone
$50M2025-02-05	Berry Street	Northzone
$3M2025-02-04	LogicStar	Northzone
$14M2025-02-03	Tana	Lightspeed, Firstminute Capital, Northzone, Toba Capital, Alliance VC, Youcef Es-skouri
$300M2025	Black Forest Labs	Northzone
$8M2025	Mimo	Northzone, Project A Ventures
$30M2025	Predoc	ENIAC Ventures, Northzone
$90M2025	Wagestream	Balderton Capital, Northzone
$—2024-11-22	Nivoda Limited	Northzone
$—2024-10-31	Flower	Northzone
€8M2024-10-10	AirForestry	Northzone
$150M2024-09-16	Flink	Northzone
$—2024-09-05	reonic	Point Nine Capital, Puzzle Ventures, Northzone
$—2024-08-15	Flower	Northzone
$100M2024-07-31	Spring Health	Northzone, Pär-Jörgen Pärson
$—2024-06-19	Tandem Health	Northzone
$30M2024-06-18	CuspAI	Lightspeed, Hoxton Ventures, Basis Set Ventures, Giant Ventures, Working Capital Fund, Tiferes Ventures, Northzone, Zero Prime Ventures, Lan Xuezhao, Michiel Kotting
$—2024-05-29	FAIRCADO	General Catalyst, Earlybird Venture Capital, New Enterprise Associates, Accel, Lightspeed, World Fund, Blackhorn Ventures, Northzone
$3M2024-05-28	FAIRCADO	General Catalyst, Earlybird Venture Capital, New Enterprise Associates, Accel, Lightspeed, World Fund, Blackhorn Ventures, Northzone
$27M2024-05-14	Sona	Felicis, Gradient Ventures, Northzone, Speedinvest
$—2024-04-17	Stream Holdings	Northzone
$5M2024-02-21	Spektr	Northzone
$25M2024-02-17	Monumental	Plural, NP-Hard Ventures, Northzone, Foundamental, Plural, Hummingbird Ventures, Plural Platform
$54M2024-02-13	Finom	General Catalyst, Target Global, Northzone, FJ Labs, s16vc, Entrée Capital, Sanjot Malhi, Zeynep Yavuz
$—2024	Mimo	Northzone
$5M2023-10-25	Kota	Frontline Ventures, Northzone
$—2023-09-27	Rayon	Northzone
$25M2023-07-12	Bedrock	Northzone, ENIAC Ventures, Primary Venture Partners
$15M2023-04-17	Yonder	Northzone, RTP Global
$47M2023-03-14	Medwing	Cherry Ventures, Northzone
$—2023-01-18	Anyfin	Northzone, Accel
$—2022-12-07	Einride	Northzone
$—2022-11-19	Immigram	General Catalyst, Accel, Northzone, Lightspeed, Karma Ventures
$—2022-11-14	Red Points	Northzone
$102M2022-10-19	Holidu	HV Capital, Northzone
$—2022-10-11	Homa	Northzone
$—2022-10-01	Factorial	Creandum, GIC Private Limited, CRV, Atomico, Northzone, Tiger Global Management, LLC
$16M2022-09-25	Disperse.io	Kindred Ventures, Northzone
$—2022-09-01	Motatos	Northzone
$—2022-08-17	Microverse	General Catalyst, Acurio Ventures, True Ventures, Northzone, Rubio Impact Ventures
$4M2022-07-18	Sunscreen	Northzone
$—2022-07-08	Fishbrain	Northzone
$19M2022-06-21	Idoven	Northzone
$—2022-04-28	Ravio	Northzone, Cherry Ventures
$175M2022-04-13	Stream Holdings	Balderton Capital, Northzone
$—2022-04-05	Goals	Northzone, Cherry Ventures, Moonfire Ventures
$—2022-04-01	Pollen	BACKED VC, Frontline Ventures, Kindred Ventures, Northzone
$250M2022-03-07	Forto	Northzone, Michiel Kotting
$17M2022-02-24	Depict.ai	Y Combinator, EQT Ventures, Northzone, Tiger Global Management, LLC, Initialized Capital
$20M2022-02-15	Heygo	Lightspeed, TQ Ventures, Sweet Capital, SC Ventures, Northzone, Ascension Ventures
$—2022-01-01	Einride	Northzone
$—2022-01-01	Personio	Accel, Northzone
$2M2022	Hidden Door	Northzone
$16M2022	Disperse.io	Kindred Ventures, Northzone
$6M2021-11-30	Soveren	Northzone
$7M2021-11-02	Breakroom	Northzone
$200M2021-10-25	Dott	Northzone, RTP Global, Speedinvest, White Star Capital
$300M2021-10-18	Zopa Bank	Northzone
$—2021-10-12	Personio	Founders Fund, Accel, Index Ventures, Alkeon Capital Management, Altimeter Capital Management, LP, Meritech Capital, Northzone
$270M2021-10-11	Personio	Founders Fund, Accel, Index Ventures, Alkeon Capital Management, Altimeter Capital Management, LP, Meritech Capital, Northzone, Michiel Kotting
$50M2021-10-10	Homa	Northzone
$—2021-10-05	Anyfin	Founders Fund, Accel, EQT Ventures, FinTech Collective, Quadrille Capital, Augmentum Fintech, Northzone
$—2021-09-21	Kriya	Northzone
$190M2021-09-16	Spring Health	Northzone, Work-Bench, Jessica Lin
$8M2021-09-16	Fiberplane	Crane Venture Partners, Northzone, Notion Capital
$166M2021-09-14	SellersFi	Northzone
$240M2021-06-21	Forto	Cherry Ventures, Northzone, Christian Meermann, Michiel Kotting
$140M2021-06-02	Thirty Madison	Northzone
$—2021-05-06	Einride	Northzone
$70M2021-04-08	TrueLayer	Northzone, Jeppe Zink
$7M2021-03-31	Nested	Balderton Capital, Northzone, Jeppe Zink
$52M2021-03-02	Flink	Speedinvest, Northzone, Christian Meermann, Jessica Schultz
$1B2021-03-01	Klarna	Sequoia, TCV, GIC Private Limited, Visa Ventures, HMI Capital Management, L.P., Invest FWD, Atomico, Northzone, Hans Otterling
$191M2021-02-24	Wallapop	Accel, Northzone
$400M2021-01-01	Hopin	General Catalyst, Seedcamp, Coatue Management LLC, DFJ Growth, Salesforce Ventures, Institutional Venture Partners, Accel, Northzone
$240M2021	Forto	Cherry Ventures, Northzone
$76M2020-11-18	Spring Health	Northzone, Work-Bench, Jessica Lin, Pär-Jörgen Pärson
$250M2020-11-10	Tier	Northzone, RTP Global, White Star Capital
$125M2020-11-10	Hopin	Accel, Northzone
$60M2020-10-01	Pollen	BACKED VC, Kindred Ventures, Northzone
$47M2020-08-14	Thirty Madison	Northzone
$40M2020-06-25	Hopin	Accel, Northzone
$28M2020-06-11	Kahoot!	Northzone
$30M2020-05-25	Medwing	Cherry Ventures, Northzone
$30M2020-05-13	Anyfin	Founders Fund, Accel, EQT Ventures, FinTech Collective, Northzone, Seth Pierrepont
$76M2020	Spring Health	Northzone
$70M2020	TrueLayer	Northzone
$77M2019-10-24	Pollen	Northzone, BACKED VC, Kindred Ventures
$—2019-10-16	CrossLend	Earlybird Venture Capital, Lakestar, Northzone
$60M2019-10-07	Dott	Point Nine Capital, Goodwater Capital, Speedinvest, Indico Capital Partners, Kibo Ventures, Mubadala Ventures, Northzone, White Star Capital
$25M2019-09-19	HappyOrNot	Northzone, Hans Otterling
$—2019-08-21	Mitosis	Northzone
$24M2019-06-10	Kynogon	Atomico, Northzone
$35M2019-06-01	TrueLayer	Northzone
$—2019-05-20	Stream Holdings	Balderton Capital, Northzone
$8M2019-05-14	Anyfin	Founders Fund, Accel, FinTech Collective, Northzone
$30M2019-05-02	FreightHub	Cherry Ventures, Northzone
$21M2019-04-25	Labster	Northzone, Lars Fjeldsoe-Nielsen
$38M2019-04-03	Red Points	Northzone
$—2019-03-05	Trustpilot	Northzone
$40M2019-01-17	Personio	Founders Fund, Index Ventures, Northzone
$40M2019-01-17	Personio	Founders Fund, Index Ventures, Northzone, Michiel Kotting
$—2018-11-11	Nested	Northzone, Balderton Capital
$—2018-10-23	Tier	Point Nine Capital, Speedinvest, Northzone
$15M2018-10-16	Thirty Madison	First Round, Northzone
$7M2018-07-19	TrueLayer	Northzone
$8M2018-07-16	Mitosis	Northzone
$75M2018-04-18	fuboTV	Northzone, Pär-Jörgen Pärson
$30M2018-04-18	Qapital	Northzone, Pär-Jörgen Pärson
$20M2018-03-16	Kahoot!	Creandum, M12, Northzone
$13M2018-03-07	Fishbrain	Northzone
$—2018-02-21	Anyfin	Founders Fund, Accel, Northzone, Angeles Investors
$45M2018-01-15	NA-KD	Partech, Northzone
$12M2018-01-10	Red Points	Northzone
$17M2018	Kahoot!	Northzone
$7M2018	TrueLayer	Northzone
$20M2017-12-13	FreightHub	Founders Fund, Cherry Ventures, La Famiglia, NAP, Northzone
$100M2017-09-28	letgo	Accel, Northzone
$10M2017-09-06	Labster	Northzone, Lars Fjeldsoe-Nielsen
$12M2017-08-03	Personio	Founders Fund, Picus Capital, Northzone
$12M2017-08-03	Personio	Founders Fund, Picus Capital, Northzone, Michiel Kotting
$10M2017-07-19	Kahoot!	Fredrik Cassel, Creandum, M12, Northzone, SoftBank Vision Fund, Tellef Thorleifsson
$55M2017-06-19	fuboTV	Northzone, Pär-Jörgen Pärson
$—2017-06-01	Aidence	Northzone
$6M2017-04-25	Lemoncat	Northzone
$22M2017-02-17	Soundtrack Your brand	Creandum, Industrifonden, Northzone, Balderton Capital
$14M2017-01-03	NA-KD	Northzone
$25M2016-07-11	Cornerjob	Northzone
$—2016-03-17	Distribusion	Creandum, Northzone, Indeed Ventures
$22M2016	Outfittery	Northzone
$10M2015-06-23	Soundtrack Your brand	Creandum, Wellington Management, Northzone
$526M2015-06-10	Spotify	Northzone
$5M2015-04-29	Sticky	Northzone, Jeppe Zink
$10M2014-12-16	Dots	Northzone
$4M2014-12-10	Rovio	Creandum, Northzone, London Venture Partners
$20M2014-11-07	Fyndiq	Northzone, Hans Otterling
$2M2014-07-08	Fishbrain	Northzone
$7M2014-04-03	Bloglovin	Northzone, White Star Capital, Pär-Jörgen Pärson
$13M2012-12-11	Trustpilot	Northzone
$31M2012-10-23	Zettle	Northzone
€16M2009-05-15	Tobii	Amadeus Capital Partners, Northzone
$12M2007	Nimsoft	Northzone
$200MUnknown date	TIER Mobility	Northzone
$17MUnknown date	BehavioSec	Northzone
$—Unknown date	Aidence	Northzone
$9MUnknown date	ERA	Northzone
$6MUnknown date	Lorum	Northzone
$18MUnknown date	Seriously	Northzone
$—Unknown date	Dalma	Northzone
$13MUnknown date	Iconic	Northzone
$45MUnknown date	Solve	Northzone
$94MUnknown date	OpenFX	Northzone
$75MUnknown date	Avito	Northzone
$25MUnknown date	Bedrock Ocean	Northzone
$10MUnknown date	GovDash	Y Combinator, Northzone
$120MUnknown date	XBOW	Sequoia, DFJ Growth, Altimeter Capital Management, LP, Northzone, NFDG
$—Unknown date	Forest	Creandum, BroadLight Capital, Andreessen Horowitz, Intel Capital, General Catalyst, Northzone
$15MUnknown date	Soundtrack	Creandum, Industrifonden, Northzone, Fuel Ventures, Balderton Capital, Dundee Venture Capital
$—2026-02-18	Hybridity	Northzone
$—2026-01-27	Brickanta	Northzone
$1M2024-11-12	Nordic Air Defence	Northzone
$—2023-11-13	Solvimon	Northzone
$90M2023	Infogrid	Northzone
$100M2022	HOMA GAMES	Northzone
$—2022	Katana Technologies	Atomico, Northzone
$240M2021-06-21	Forto GMBH	Cherry Ventures, Northzone
$—2021	Magic Labs	Northzone
$4M2020	Magic Labs	Northzone
$25M2019-06-10	Spacemaker	Atomico, Northzone
$33M2019-01-20	MarketInvoice	Northzone
$25M2019	Spacemaker	Atomico, Northzone
$10M2016-07-11	Universal Avenue	Northzone
$5M2015-09-01	Universal Avenue	Northzone
$8M2015-04-28	Jukely	Northzone, Pär-Jörgen Pärson
$—2015	Lesara	Northzone
$10M2014-12-16	Playdots, Inc.	Northzone, Pär-Jörgen Pärson
$3M2014-11-18	AllUnite	Northzone
$30M2014	Lesara	Northzone
$13M2010-03-18	Energy Micro	Northzone
$3MUnknown date	Soundrop	Northzone
$—Unknown date	Fuse Finance	Northzone
$75MUnknown date	Avito.ru	Northzone
$—Unknown date	Noquo Foods	Northzone

team@apexlogos.ai18 minutes ago
Investment-fund research reviewed 2026-10-06. Publicly identified funds, dates, amounts and fundraising status are below. Undisclosed commitments remain unknown; this is not a complete register of private SPVs or parallel entities. Fund size and investment stages | Measure | Amount / vintage / status | Evidence and interpretation | |---|---|---| | Latest firmly dated fundraise found | **€1bn, tenth fund cycle / Fund X, announced 2022-09-13; raised/closed, not a target** | [Official fundraise announcement](https://northzone.com/insights/weve-raised-e1bn-investing-from-seed-to-growth-in-category-defining-entrepreneurs), 2022-09-13, says capital was raised and a significant part earmarked for growth. [Reuters report](https://www.marketscreener.com/news/latest/Venture-capital-firm-Northzone-raises-1-billion-euros-41757865/), 2022-09-13, describes more than €1bn raised in the tenth fundraising. [Tech.eu](https://tech.eu/2022/09/13/x-marks-the-spot-as-northzone-raises-north-of-eur1-billion/), same date, calls it the tenth fund and in excess of €1bn. Retain €1bn headline and note “in excess” reporting; exact unrounded close not disclosed here. | | Current firm AUM | **$3.1bn+** | [Official homepage](https://northzone.com/), undated, accessed 2026-10-06. AUM is separate from a single fund or historical cumulative fundraising. | | Later dollar description | Most recent fund described as **in excess of $1.2bn**, 2026-06-01 | [Official Sam Endacott appointment](https://www.northzone.com/insights/firstminute-capitals-sam-endacott-joins-northzone-to-lead-early-stage-ai-investment), 2026-06-01. No separate dated new close or legal fund name appears in that article. Do not manufacture a new fund vintage from this dollar wording. | Targeted searches for Northzone new funds, Fund XI, and 2025/2026 fundraising did not establish a newer numbered close. Accordingly 2022 is **latest-known dated fundraising**, not a guarantee that no newer vehicle exists. The allocation among legal early-stage/growth vehicles is not established by the headline amount. The [2022 official announcement](https://northzone.com/insights/weve-raised-e1bn-investing-from-seed-to-growth-in-category-defining-entrepreneurs) explicitly covers Europe and the US from seed to growth/pre-IPO, including fintech, healthtech, SaaS and consumer. The [2026 appointment announcement](https://www.northzone.com/insights/firstminute-capitals-sam-endacott-joins-northzone-to-lead-early-stage-ai-investment) confirms firm-wide seed-to-growth investing; Endacott's own focus is seed through Series B, applied/physical AI. This is a partner focus, not a restriction on the whole firm. [Growth strategy article](https://northzone.com/insights/the-art-of-growth-stage-investments-in-todays-market), 2024-12-05, requires product-market fit, repeatable go-to-market and a viable business model for growth investments. No independently verified current check-size range was found. Funds recorded in Adex after this review: | Fund | Disclosed amount | Announcement / filing date | | --- | --- | --- | | Northzone Fund X | EUR 1000000000 | 2022-09-13 |
team@apexlogos.ai1 hour ago
Match research 2026-10-06 / Northzone / sha256:dc66efeb907ce7f05755cc697cefe2d886063a7d94b5fe48289fb53c21ed74ca / part 2 of 2 Imported completed research. Baseline Adex/Signal statements describe prior state, not independent verification. Retain cited attribution, date, currency and classification caveats. | **Genesis AI** | Robotics foundation models, physical simulation and general-purpose robotic intelligence. Northzone directly states it invested in the seed round. | **$105m seed, 2025**, in [Northzone's year review](https://northzone.com/insights/northzone-uncapped-2025), **2025-12-17**. [Company-issued launch release](https://www.prnewswire.co.uk/news-releases/genesis-ai-emerges-from-stealth-with-105m-to-build-universal-robotics-foundation-model-and-horizontal-platform-for-general-purpose-physical-ai-302495056.html), **2025-07-01**, confirms amount and co-leads Eclipse/Khosla but does **not name Northzone** in its shorter investor list; Northzone's own later claim supplies firm attribution. Individual check and timing within round not verified. | These examples demonstrate repeated direct technical investments but do not establish a dedicated deep-tech fund mandate. Ordinary enterprise SaaS, fintech applications and clinical administration tools were not counted automatically as deep tech. ## Neurotech findings and adjacent leads **No verified neurotech investment found in the sources checked.** Screening included the saved investment history, Signal, official portfolio and searches for Northzone with neurotech, brain and neural investment terms. This is a scoped research result, not a claim that Northzone has never made such an investment. - **Tobii:** Verified Northzone investment, but cited sources describe optical eye tracking and assistive communication, not direct neural recording, brain implants, BCI or neuromodulation. Its use in medical diagnostics, research and communication disability makes it neuro-adjacent/enabling technology; do not classify as direct neurotech without a documented project or taxonomy decision. [Amadeus announcement](https://www.amadeuscapital.com/northzone-and-amadeus-lead-investment-in-world-leading-eye-tracking-business/), 2009-05-15; [Northzone portfolio](https://northzone.com/portfolio/tobii), accessed 2026-10-06. - **Spring Health:** Verified portfolio company, partnership in 2020. AI-supported mental-health care matching is digital mental health, not evidence of neural hardware or measurement. [Official Northzone profile](https://northzone.com/portfolio/spring-health), undated, accessed 2026-10-06. - **Aidence:** Snapshot identifies lung/medical AI imaging investment leads; general radiology is not direct neurotechnology. Its exact transactions were outside this focused verified set; retain as a medical-imaging follow-up rather than upgrading to a neurotech claim. - Robotics foundation models and generic visual AI are not neural interfaces simply because model architectures use “neural” terminology. ## Conflicts, attribution cautions and later Adex review 1. Replace or qualify the baseline/Signal €1.5bn historical fundraising text; keep **€1bn 2022 fundraise**, **2026 $1.2bn+ most-recent-fund wording**, and **$3.1bn+ current AUM** as separately sourced fields. AirForestry's 2024 release also calls Northzone a “$4 billion” fund; that conflicts with the firm's current AUM headline and is not suitable for a fund-size field. 2. Preserve original currencies. Do not treat euro/dollar headline variants as separately raised funds, and do not substitute AUM for available investment capital. 3. Fill transaction dates only from dated sources. Distinguish partnership year, publication date, financing announcement and final legal close. The investment entity below the Northzone brand and exact allocations among fund vehicles are mostly missing. 4. Consider duplicate/entity review for **Bedrock / Bedrock Ocean** and **BFL / Black Forest Labs**, which appear as separate company labels in the snapshot. No merge was performed. 5. AirForestry's grant-inclusive total needs annotation. Tobii's 2009 amount is euros, supported by SEK170m; some secondary summaries report dollars incorrectly. Use primary sources above. 6. Partners' earlier investments are not automatically Northzone investments. Endacott's n8n, Storyblok, Stitch, Protex AI and Unleash examples in his hire announcement are attributed to firstminute capital. Likewise, Molly Alter's prior-firm portfolio should not be copied into Northzone without separate evidence. 7. Strongest future deep-tech review candidates are the verified names above. Neurotech review should prioritize Tobii's taxonomy and look for explicit brain/nerve product evidence. No dedicated neuroscience mandate, verified direct BCI investment, check-size range, undisclosed holdings or complete current fund legal structure was established. All linked undated pages were accessed 2026-10-06; dated sources retain their original publication dates. Several searches also surfaced newer company follow-on rounds; this file establishes historical participation without claiming an exhaustive round-by-round portfolio audit or current ownership. Only this firm's research file was written.
team@apexlogos.ai1 hour ago
Match research 2026-10-06 / Northzone / sha256:dc66efeb907ce7f05755cc697cefe2d886063a7d94b5fe48289fb53c21ed74ca / part 1 of 2 Imported completed research. Baseline Adex/Signal statements describe prior state, not independent verification. Retain cited attribution, date, currency and classification caveats. # Northzone - **Exact Adex ID:** `Northzone` - **Canonical Adex page:** https://adex.page/firms/Northzone - **Official website:** https://northzone.com/ - **Research date / source access date:** 2026-10-06 - **Status:** Complete focused research; remaining uncertainties explicitly recorded below. Research only; no Adex or database changes. Northzone is a generalist, transatlantic venture investor founded in 1996, with a current seed-to-growth mandate and substantial verified investments in robotics, materials science, semiconductors and eye tracking. Its latest firmly dated fundraise found is the 2022 tenth fund cycle at €1bn; its current website separately reports $3.1bn+ assets under management. No verified direct neurotech investment was found; Tobii is a strong adjacent assistive-interface and neuroscience-research lead, requiring careful classification. ## Starting evidence: Adex and NFX Signal The exact-ID saved record, `data/research/_sources/Northzone.adex.json`, was retrieved through read-only MCP Search on 2026-10-06 at 19:29:36 UTC. Its identity and webpage agree with this assignment. Its description says established in 1996 and over €1.5bn raised, and names Spotify, Avito, iZettle, Klarna and Hopin. Investor profile check minimum, maximum and sweet spot are null. The record contains a large investment history, including CuspAI, AirForestry, Monumental, Bedrock/Bedrock Ocean, Aidence, Tobii and Energy Micro; many dates are null. Goldi co-investor-directory citations, including an Adranos lead, do not independently establish a Northzone investment. [NFX Signal firm profile](https://signal.nfx.com/firms/northzone), undated, accessed directly 2026-10-06, repeats essentially the same historical description and €1.5bn cumulative fundraising claim. It lists New York and multiple European locations, founding year 1996 and extensive co-investor links. The final directly extracted page showed an empty team heading and no usable check-size/stage detail. An earlier extraction exposed more lines, so rendering is variable. Signal is starting evidence, not independent verification of fund size, portfolio membership or current staffing. Its co-investor list does not show which transactions involved both firms. ## Fund size and investment stages | Measure | Amount / vintage / status | Evidence and interpretation | |---|---|---| | Latest firmly dated fundraise found | **€1bn, tenth fund cycle / Fund X, announced 2022-09-13; raised/closed, not a target** | [Official fundraise announcement](https://northzone.com/insights/weve-raised-e1bn-investing-from-seed-to-growth-in-category-defining-entrepreneurs), 2022-09-13, says capital was raised and a significant part earmarked for growth. [Reuters report](https://www.marketscreener.com/news/latest/Venture-capital-firm-Northzone-raises-1-billion-euros-41757865/), 2022-09-13, describes more than €1bn raised in the tenth fundraising. [Tech.eu](https://tech.eu/2022/09/13/x-marks-the-spot-as-northzone-raises-north-of-eur1-billion/), same date, calls it the tenth fund and in excess of €1bn. Retain €1bn headline and note “in excess” reporting; exact unrounded close not disclosed here. | | Current firm AUM | **$3.1bn+** | [Official homepage](https://northzone.com/), undated, accessed 2026-10-06. AUM is separate from a single fund or historical cumulative fundraising. | | Later dollar description | Most recent fund described as **in excess of $1.2bn**, 2026-06-01 | [Official Sam Endacott appointment](https://www.northzone.com/insights/firstminute-capitals-sam-endacott-joins-northzone-to-lead-early-stage-ai-investment), 2026-06-01. No separate dated new close or legal fund name appears in that article. Do not manufacture a new fund vintage from this dollar wording. | Targeted searches for Northzone new funds, Fund XI, and 2025/2026 fundraising did not establish a newer numbered close. Accordingly 2022 is **latest-known dated fundraising**, not a guarantee that no newer vehicle exists. The allocation among legal early-stage/growth vehicles is not established by the headline amount. The [2022 official announcement](https://northzone.com/insights/weve-raised-e1bn-investing-from-seed-to-growth-in-category-defining-entrepreneurs) explicitly covers Europe and the US from seed to growth/pre-IPO, including fintech, healthtech, SaaS and consumer. The [2026 appointment announcement](https://www.northzone.com/insights/firstminute-capitals-sam-endacott-joins-northzone-to-lead-early-stage-ai-investment) confirms firm-wide seed-to-growth investing; Endacott's own focus is seed through Series B, applied/physical AI. This is a partner focus, not a restriction on the whole firm. [Growth strategy article](https://northzone.com/insights/the-art-of-growth-stage-investments-in-todays-market), 2024-12-05, requires product-market fit, repeatable go-to-market and a viable business model for growth investments. No independently verified current check-size range was found. ## Named previous deep-tech investments Amounts below are total company rounds, not Northzone's individual checks. Technology classifications are research judgments grounded in the cited product descriptions; portfolio marketing alone does not prove technical performance. | Company | Technology rationale and Northzone attribution | Round/date and sources | |---|---|---| | **CuspAI** | Generative models and molecular simulation for discovering new materials; strong science-based deep-tech case. Northzone explicitly participated. | **$30m seed**, announced **2024-06-18**. [Official Northzone investment article](https://northzone.com/insights/our-investment-in-cuspai-pioneering-ai-designed-materials-to-combat-climate-change). Northzone was a participant, not the stated lead. | | **AirForestry** | Electric drones and autonomous harvesting hardware for aerial forestry. Company explicitly says Northzone led. | **€10.3m headline seed financing**, **2024-10-10**. [Official company announcement](https://airforestry.com/blog/2024/10/10/e10-3m-seed-round-to-power-airforestrys-fossil-free-aerial-forestry/). Importantly, the headline **includes €1.7m Swedish Energy Agency grant financing**, so it should not be entered as all venture equity. | | **Bedrock** | Autonomous underwater vehicles and geophysical seafloor mapping; deep-tech robotics/sensing rather than only its accompanying cloud platform. Northzone co-led with Primary Ventures. | **$25.5m Series A**, **2023-07-12**. [Official Northzone announcement](https://northzone.com/insights/our-investment-in-bedrock-empowering-sustainable-transformation-with-windfarms); [official portfolio](https://northzone.com/portfolio/bedrock), undated, accessed 2026-10-06, records partnership in 2023. | | **Monumental** | Autonomous construction robots combining AI, navigation and physical hardware. Northzone portfolio confirms direct partnership in 2023. | [Official portfolio](https://northzone.com/portfolio/monumental), undated, accessed 2026-10-06. Company [official LinkedIn funding statement](https://www.linkedin.com/posts/monumentalco_startup-emerges-from-stealth-with-25-million-activity-7163787754894520323-9Dr3) identifies **$25m**, led by Plural and Hummingbird, with Northzone participating; [MT/Sprout reporting](https://mtsprout.nl/nieuws/nieuws-startups-scaleups/monumental-metselrobot-salar-el-khaljafi-sebastiaan-visser), **2024-02-15**, corroborates. Exact stage not confidently reconciled, so leave unspecified. Partnership date and public round date are distinct. | | **Energy Micro** | Ultra-low-power ARM microcontrollers and radio semiconductor development. Northzone and Investinor led initial outside financing. | **$13m initial financing**, reported **2010-03-18** by [EE Times](https://www.eetimes.com/energy-micro-raises-13-million-in-funding/). [Official portfolio](https://northzone.com/portfolio/energy-micro), undated, accessed 2026-10-06, confirms partnership in 2010 and acquired status under Silicon Labs. Do not assign Series A merely because this was initial financing. | | **Tobii** | Eye-tracking chips, sensors and assistive computer interfaces; verified technical hardware investment. Northzone and Amadeus co-led. | **€16m / SEK170m Series B**, **2009-05-15**. [Official Amadeus announcement](https://www.amadeuscapital.com/northzone-and-amadeus-lead-investment-in-world-leading-eye-tracking-business/); [official Northzone portfolio](https://northzone.com/portfolio/tobii), undated, accessed 2026-10-06, confirms partnership in 2009. Existing Investor Growth Capital participated. |
team@apexlogos.ai22 days ago
MATCH

Michelle Nacouzi Northzone, principal	$15M$1M – $30M	Amsterdam, Netherlands
Deepka Rana Northzone, principal	$15M$1M – $30M	London
Elena Pantazi Northzone, partner	$15M$1M – $30M	London
Jeppe Zink Northzone, partner	$15M$1M – $30M	London
Justin Cooke Northzone, venture_partner	$15M$1M – $30M	London
Michiel Kotting Northzone, partner	$15M$1M – $30M	London
Pascual Cortes-Monroy Northzone, principal	$15M$1M – $30M	London
Sanjot Malhi Northzone, partner	$15M$1M – $30M	London
Aaron Liu Northzone, principal	$15M$1M – $30M	New York, New York
Nick Boesel Northzone, vice_president	$15M$1M – $30M	New York, New York
Wendy Xiao Northzone, partner	$15M$1M – $30M	New York, New York
Bjorn Stray Northzone, partner	$15M$1M – $30M	Oslo, Norway
Hans Otterling Northzone, partner	$15M$1M – $30M	Stockholm, Sweden
Jessica Schultz Northzone, partner	$15M$1M – $30M	Stockholm, Sweden
William Jilltoft Northzone, vice_president	$15M$1M – $30M	Stockholm, Sweden
Maxine Rior Northzone, principal	$15M$1M – $30M	Sweden
Sarah Nöckel Northzone, vice_president	$10M$1M – $20M	London
Pär-Jörgen Pärson Northzone, general_partner	$4M$400K – $24M	Stockholm, Sweden
Sam Endacott Northzone, partner	$2M$250K – $5M	United Kingdom
Tellef Thorleifsson Northzone, partner	$25K$10K – $100K	Oslo, Norway
Alessandro De Benedetti Northzone, Associate	—— – —
Alex A. Northzone, Investor	—— – —
Alex Agureev Northzone, Vice President	—— – —
Alexandra Farmer Northzone, Fund Accountant	—— – —
Amanda Thickpenny Northzone, Events Manager	—— – —
Andrea Gazvini Northzone, Associate	—— – —
Dennis Eriksson Northzone, Talent Director	—— – —
Dominik Esen Northzone, Principal	—— – —
Grace Bentley Northzone, HR Manager	—— – —
Iby Khan Northzone, Management Accountant	—— – —
Jackson Heddy Northzone, CFO	—— – —
James Braithwaite Northzone, Financial Controller	—— – —
Johanna Olnén Northzone, Data Analyst	—— – —
Laura Clifford Northzone, Talent Director	—— – —
Loubaba El Ayoubi Northzone, Associate	—— – —
Manavi Mehra Northzone, Vice President	—— – —
Marlowe Cameron Northzone, Executive Assistant	—— – —
Molly Alter Northzone, Partner	—— – —
Naseem Moumene Northzone, Vice President	—— – —
Nicola Sibley Northzone, Executive & Marketing Assistant	—— – —
Sanna Blomkvist Northzone, Sustainability Lead	—— – —
Tom McGinn Northzone, Legal Advisor	—— – —

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Team

Co-investing

Investments