Northzone Ventures unveils $325M fund, its largest to date

Northzone Ventures, a venture capital firm that has backed the likes of Spotify and Lastminute.com, has announced a new $325 million fund. It’s the firm’s seventh investment pot for tech startups and its largest to date.

The Europe-based firm has a substantial London operation and will use the fund for European and American investment opportunities.

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The announcement rounds off an impressive year for Northzone, which has invested in 21 companies in 2014.

Northzone’s fintech focus

Earlier this month, it invested in British startups MarketInvoice and Space Ape Games.

Northzone has highlighted the investment in the former as part of a significant fintech trend for the firm and we should expect even more investments in the sector in the coming year.

iZettle and BehavioSec are also among the six fintech startups in Northzone’s current portfolio.

Investment trends

In an announcement on the firm’s website, it says it is excited by fintech, mobile, and marketplaces, echoing some of the sentiments of other firms that announced funds earlier this year.

Northzone recently opened its first North American office, in New York. The new fund will be used to invest on both sides of the Atlantic.

Having offices in both London and New York puts the firm in an ideal position for its fintech ambitions given the growing reputation of both cities as fintech hubs.

This story originally appeared on Tech City News. Copyright 2014

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