Multi-stage VC, Stockholm + London
Northzone
Venture capital firm · Stockholm · Founded 1996
Quick read
Northzone is a multi-stage venture capital firm founded in 1996, with offices in Stockholm, London, New York, Berlin, and Amsterdam. It has backed 250+ companies across seed to growth stages, with landmark early bets on Spotify and Klarna. The firm raised its largest-ever fund — €1 billion — and continues writing checks from first round through IPO.
Key facts
- Founded
- 1996
- Employees
- 40+
- Sectors
- generalist, fintech, consumer, ai
- Website
- northzone.com
Investment thesis
Northzone backs technology companies from seed through growth across Europe and the US, acting as a single long-term partner from first check to IPO. The firm concentrates on fintech, consumer, and AI-adjacent software, with a track record anchored by Spotify and Klarna feeding its sourcing network for later-stage deals.
Recent activity
- May 2026investmentNorthzone has made 18 new investments in the last 12 months, bringing its total portfolio to 208 companies, per Tracxn data as of May 2026. tracxn.com
- Feb 2024investmentNorthzone co-led a €50M Series B in Finom alongside General Catalyst, backing the German business finance platform as it expanded into Spain, France, and the Netherlands. growthequityinterviewguide.com
- Jul 2023leadershipMolly Alter joined Northzone as a partner, moving from Index Ventures where she had worked since 2020. She relocated from London to New York and focuses on consumer and enterprise software. techcrunch.com
- Jan 2023leadershipSanjot Malhi joined Northzone as a Partner focused on growth investments, arriving from Tybourne Capital where he led private-tech investments across Series B to pre-IPO. northzone.com
- Apr 2026investmentCo-led spektr's $20M Series A alongside New Enterprise Associates and PSV Deeptech. tracxn.com
- Feb 2026investmentParticipated in AirForestry's SEK 28M pre-commit to Series A. tracxn.com
- Feb 2026investmentLatest portfolio investment recorded: Seamflow, Seed round (Feb 11, 2026). cbinsights.com
- Jan 2026pressPublished a monthly portfolio roundup covering Q1 2026 activity including acquisitions and fundraises across the portfolio. linkedin.com
- Jan 2026investmentLed Jow's $13M Series A extension alongside Eurazeo. linkedin.com
- 2025investmentMade a growth investment in Finom and continued supporting Wagestream. linkedin.com
- 2025investmentCo-led OpenFX's $94M Series A alongside Accel, Pantera Capital, M13, and Lightspeed Faction VC. linkedin.com
- 2025investmentContinued support as Sona raised a $45M Series B led by N47, with Felicis, Gradient, and Italian Founders Fund also participating. linkedin.com
Notable investments
- BlitzySeries B2025tracxn.com
- FinomSeries BFeb 2024growthequityinterviewguide.com
- JowUnknown2024linkedin.com
- spektrUnknown2024linkedin.com
- spektrSeries AApr 2026tracxn.com
- AirForestryPre-Series AFeb 2026tracxn.com
- SeamflowSeedFeb 2026cbinsights.com
- JowSeries A extensionJan 2026linkedin.com
- OpenFXSeries A2025linkedin.com
- SonaSeries B2025linkedin.com
- FinomGrowth2025linkedin.com
- Era FinanceSeed2023linkedin.com
Key people
Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.
- Jeppe Zink · Partner
- Michiel Kotting · Partner
- Sanjot Malhi · Partner (Growth)
- Pär-Jörgen Pärson · General Partner
- Jessica Schultz · General Partner
- Wendy Xiao Schadeck · Partner, NYC
Sources
- Northzone – Official Website
- Northzone LinkedIn
- Northzone – Tracxn Profile 2026
- Northzone – CB Insights
- Northzone – VC Sheet Fund Breakdown
- Northzone Team Page
- Meet Sanjot Malhi – Northzone
- https://growthequityinterviewguide.com/firms/northzone
- https://techcrunch.com/2023/07/03/molly-alter-leaving-index-ventures-for-northzone/
Other VCs in Sweden
- Creandum · Early-stage VC, Stockholm·
- EQT Ventures · Multi-stage VC, Stockholm·
- Industrifonden · Multi-stage VC, Stockholm·
- Luminar Ventures · Seed VC, Stockholm·
- Schibsted Ventures · CVC, Stockholm·
- Pale Blue Dot · Seed-stage VC, Sweden
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Frequently asked
What is Northzone?+
Northzone is a multi-stage venture capital firm founded in 1996, with offices in Stockholm, London, New York, Berlin, and Amsterdam. It has backed 250+ companies across seed to growth stages, with landmark early bets on Spotify and Klarna.
Where is Northzone headquartered?+
Northzone is headquartered in Stockholm, Sweden.
When was Northzone founded?+
Northzone was founded in 1996.
What sectors does Northzone invest in?+
Northzone focuses on generalist, fintech, consumer, ai. They primarily invest in these sectors.
How do I prepare for a meeting with Northzone?+
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