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Investor profile

Northzone

Venture capital firm · Active in 2026

← Power Law Ranking

A public taster of the full Dealroom platform — request a demo to explore live deal flow, full investor history, and team intel. · Last updated 15 Apr 2026 · Methodology

31 Power Law outcomes Power Law Ranking #6 · Nordics · 31 Power Law outcomes · Active 2026
Enterprise value ↑ 9% 5y
$180B
Unicorns → 5y
19
Decacorns ↓ 33% 5y
2
Thoroughbreds ↑ 29% 5y
27
Featured in #6Power Law Investor Ranking · Nordics · 2026 Cross-stageby Power Law score · 31 outcomes

Northzone is a venture capital firm active globally. The page below shows 31 Power Law outcomes from Northzone's portfolio — 19 unicorns ($1B+ valuation) and 8 additional thoroughbreds (companies that crossed $100M+ in revenue without yet reaching $1B+ valuation).

Outcomes are concentrated in eCommerce & Marketplaces · Other B2B Software · Fintech; top portfolio geographies are Sweden · Germany · USA. Northzone ranks #6 in Nordics in the 2026 Dealroom Power Law Investor Ranking by cross-stage outcomes.

Portfolio analysis

The 31 Northzone Power Law outcomes ($100M+ revenue and above).

Snapshot of where the outcomes are concentrated by country, sector, and stage entered.

By countryCount
  1. Sweden9
  2. Germany6
  3. USA5
  4. Norway2
  5. Italy1
  6. UK1
  7. Switzerland1
  8. Türkiye1
  9. Russia1
  10. Denmark1
  11. Netherlands1
  12. Finland1
By sectorCount
  1. eCommerce & Marketplaces9
  2. Other B2B Software5
  3. Fintech4
  4. Marketing4
  5. Transportation2
  6. Health Tech & Medtech2
  7. Cybersecurity2
  8. Other1
  9. Edtech1
  10. AI1
By stage enteredCount
  1. Series B+14
  2. Series A13
  3. Seed1
01 · Portfolio market map

Northzone's 31 Power Law outcomes.

Toggle between a sector landscape and a world map. Both views respond to the stage and outcome-tier filters. The faded names at the bottom of bigger boxes are part of the full list — click "+ N more" to reveal them.

Stage entered
Outcome tier
Region
Group by
31 of 31 Power Law outcomes
Logos hosted by Dealroom; click any chip to open the company in app.dealroom.co. The dot inside each chip shows the company's highest tier — red Gigacorn, violet Centicorn/Decacorn, lavender Unicorn, blue Thoroughbred, green Colt. Tiers are inclusive: a Unicorn (e.g. Klarna) also matches the Thoroughbred filter, a Decacorn also matches Unicorn and Thoroughbred, and so on up the ladder. Colt is a separate axis (high-growth, smaller revenue) and only matches itself. Map dots use the same colour code; hover for details. Sectors are mutually exclusive (priority-ordered classification). Stage entered = the round Northzone first invested in (where data is available — coverage 93%).
02 · Origin of portfolio founders

Where Northzone's founders come from — and where they study.

87 founders across the 31 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Technical University Munich and Microsoft are the deepest single pipelines.

LocationCount
Germany46
Spain7
Russia4
Sweden3
Argentina3
South Korea2
United Kingdom1
Pakistan1
India1
View on app →
UniversityCount
Technical University Munich7
Ludwig Maximilian University of Munich6
WHU Otto Beisheim School of Management5
Harvard University4
Stockholm School of Economics3
Berkeley3
Temple University3
National Research Nuclear University MEPhI (Moscow Engineering Physics Institute)2
HKUST MBA2
Aarhus University2
+37 more →
Origin companyCount
Microsoft4
Stability AI4
Home243
Alphabet | Google3
Klarna3
OLX2
Zalando2
Next Insurance2
Footway2
Spotify2
+24 more →
Origin = country a founder is born in or grew up in (founders may have multiple origins; counts include all entries). University = highest-listed degree. Origin company = a previous employer where the founder was tagged before starting their current company. Explore the full Sequoia infographic on Thoroughbreds & Unicorns →
04 · Compare with peers

How does Northzone stack up?

Northzone in orange, your selection in blue and other colours. Pick from the global roster of 35 peer investors — filter by region or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of global unicorns minted that year — peaks reveal vintage years.

Compare against

Stage focus

Companies by entry stage and outcome tier

Sector focus

Companies per investor across the 10 highest-volume sectors

Share of new unicorns per year

% of all global unicorns minted that year, year by year
Source: Dealroom Power Law dataset. Investors shown are the 2026 Power Law top 35 by combined entry-to-outcome score, drawn from the overview and locations_data sheets. Funnel-matrix axes rescale per-axis using the maximum among the currently selected investors, so the polygons always fill the chart for shape comparison.

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Data as of 15 Apr 2026 · Source: Dealroom Power Law dataset · Methodology
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