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Northzone
Venture Capital · Founded 1996 · London, United Kingdom
Northzone’s biggest current holdings.
Northzone is a named shareholder in 5 companies. Dealroom estimates those stakes are worth about $1.1B in total — the disclosed percentage × each company’s latest valuation. The 5 biggest are below, each sized by that estimate.
Personio
$425M
8.5% of $5.0B
Spring Health
$363M
11% of $3.3B
Forto
$220M
10.5% of $2.1B
Noda
$71M
15.74% of $450M
Flink
$63M
7% of $900M
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1
Personio
8.5%
$5.0B
$425M
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2
Spring Health
11%
$3.3B
$363M
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3
Forto
10.5%
$2.1B
$220M
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4
Noda
15.74%
$450M
$71M
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5
Flink
7%
$900M
$63M
Estimated value = Northzone’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. Northzone also appears inside investor groups in Black Forest Labs, Zopa, where a standalone stake isn’t disclosed. See the underlying shareholder registers on Dealroom →
Northzone’s biggest exits.
Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from Northzone’s transaction record.

Where Northzone’s portfolio is concentrated.
Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 204 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.
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USA56
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Sweden45
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UK40
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Norway21
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Germany20
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Finland10
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France10
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Denmark9
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Netherlands7
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Spain5
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Switzerland2
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Türkiye2
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Enterprise Software57
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Fintech34
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Media27
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Marketing26
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Gaming18
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Health17
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Security12
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Energy10
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Fashion10
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Music9
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Education8
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Real Estate8
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Series A104
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Seed56
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Series B+37
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Breakout Stage94
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Early Growth86
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Late Growth54
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Mature1
Inside Northzone’s portfolio.
The 60 highest-funded portfolio companies, of 204 tracked.
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NaWhere Northzone’s portfolio founders come from.
198 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.
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United States44
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Sweden31
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United Kingdom30
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Germany29
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Netherlands14
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France13
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Norway6
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Finland5
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Australia4
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Denmark4
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Harvard Business School8
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KTH Royal Institute of Technology7
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Harvard University6
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University of Oxford6
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Stockholm University5
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University of California, Berkeley5
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WHU Otto Beisheim School of Management5
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Linköping University4
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Stockholm School of Economics4
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Technical University Munich4
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Alphabet | Google8
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Microsoft7
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Accenture5
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Bain & Company5
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Boston Consulting Group5
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McKinsey & Company5
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Canal+3
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Deliveroo3
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Deloitte3
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Groupon3
Similar investors.
Peers the API surfaces as most similar by portfolio shape, with Dealroom investor rank and portfolio scale.








Key people at Northzone.




