Northzone

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

• Jun 2026leadership
  Northzone hired former Firstminute Capital investor as a Partner to focus on AI ventures, supporting founders from seed to growth across Europe and the US. The new partner previously led Firstminute's seed investment into n8n and backed Storyblok, Stitch, Protex AI, and Unleash. uktech.news
• May 2026investment
  Northzone's latest investment was in Blitzy as part of a Series A, per CB Insights data as of May 5, 2026. The firm has made 10 investments in 2026 to date. cbinsights.com
• Apr 2026investment
  Portfolio company spektr raised a $20M Series A to automate compliance workflows across financial services using AI agents. crunchbase.com
• Feb 2026investment
  AirForestry secured SEK 28M in a pre-commit to its Series A with Northzone participation, and began ramping up engineering hires. tracxn.com
• Feb 2026press
  Northzone published a portrait of portfolio company Stream, a fintech tackling the poverty premium for underserved consumers. northzone.com
• Dec 2025press
  Northzone's 2025 year-in-review highlighted TrueLayer processing over $1 billion in payments across Black Friday weekend, reaching 20 million users. The firm also flagged an Einride IPO in the works for 2026 and described 2025 as one of its most active years. northzone.com
• Oct 2025press
  Portfolio company Fubo completed its business combination with Disney's Hulu + Live TV, creating a combined consumer-focused virtual pay-TV provider. northzone.com
• May 2026investment
  Northzone 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 2024investment
  Northzone 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 2023leadership
  Molly 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 2023leadership
  Sanjot 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 2026investment
  Co-led spektr's $20M Series A alongside New Enterprise Associates and PSV Deeptech. tracxn.com

Notable investments

• BlitzySeries AMay 2026cbinsights.com
• spektrSeries AApr 2026crunchbase.com
• JowSeries A extension ($13M)2026linkedin.com
• FinomGrowth2026linkedin.com
• AirForestrySeries A (pre-commit, SEK 28M)Feb 2026tracxn.com
• BlitzySeries B2025tracxn.com
• FinomSeries BFeb 2024growthequityinterviewguide.com
• JowUnknown2024linkedin.com
• spektrUnknown2024linkedin.com
• AirForestryPre-Series AFeb 2026tracxn.com
• SeamflowSeedFeb 2026cbinsights.com
• JowSeries A extensionJan 2026linkedin.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/
• https://www.uktech.news/news/investment-news/northzone-brings-on-firstminute-investor-to-support-ai-ventures-20260601
• https://www.crunchbase.com/organization/northzone-ventures/news_and_analysis
• https://northzone.com/2026/02/18/stream-portrait/
• https://northzone.com/2025/12/17/northzone-uncapped-2025/
• https://northzone.com/spotlight/

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• Luminar Ventures · Seed VC, Stockholm·
• Schibsted Ventures · CVC, Stockholm·
• Pale Blue Dot · Seed-stage VC, Sweden

Explore VCs by sector

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Globally

• Generalist worldwide
• Consumer worldwide

Frequently asked