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Northzone

Northzone

Venture Capital

Northzone is a venture capital fund operating transatlantic hubs that invests across multiple technology cycles and stages from seed to growth.

Portfolio

15

companies

AUM

£1500M

under management


Portfolio companies

CuspAI

CuspAI

CuspAI develops an artificial intelligence platform to accelerate the discovery of new materials.

M

Mimo

Mimo simplifies global payments, cash flow, and financial management for small businesses and accountants.

N

Nivoda

Nivoda operates a digital marketplace and supply chain platform for the global diamond and gemstone industry.

Sona

Sona

Sona provides an intelligent workforce management platform for frontline enterprises.

Tuza

Tuza

Tuza offers a payment processing comparison platform for small businesses.

I

Infogrid

Infogrid offers building intelligence and analytics software for real estate assets.

Wagestream

Wagestream

Financial benefits provider delivering services for low and middle-income workers.

Quench.ai

Quench.ai

Quench.ai builds an artificial intelligence learning coach for professional development.

Yonder

Yonder

Rewards credit card providing lifestyle perks and travel benefits.

Disperse

Disperse

Building productivity systems for the construction sector.

R

Ravio

Ravio provides real-time compensation benchmarking and analytics for technology companies.

V

Virtualtrips

Virtualtrips operates an interactive livestreaming platform for virtual travel and cultural tours.

B

Breakroom

Breakroom operates a job comparison platform for shift and hourly workers.

Hopin

Hopin

Hopin operates a shared experiences platform for virtual, hybrid and in-person events.

TrueLayer

TrueLayer

TrueLayer operates a global open banking network that powers payments and financial data access.


Team

JZ

Jeppe Zink

Partner

Jeppe brings venture capital and investment experience from Northzone, Amadeus Capital Partners, and Deutsche Bank.

LinkedIn
MK

Michiel Kotting

Partner

SM

Sanjot Malhi

Partner

JS

Jessica Schultz

Partner


Recent investments

Series A
$100M

The financing was co-led by New Enterprise Associates and Temasek with participation from a broad group of strategic investors.

"Next-generation AI compute, clean air and water and sustainable energy – these multi-billion-dollar global challenges share a common barrier: materials. CuspAI’s mission is to change that. In just a year, we’ve gone from concept to partnerships with world leaders in automotive, semiconductors, energy, and climate."
— Chad Edwards, CEO and Co-founder
£6.5M

Project A led the round with participation from returning investors Northzone and Seedcamp.

"At Mimo, we’ve been continually learning from these conversations to iterate and improve the platform to help both Accountants and SMBs save time, save money and control their cash flow. We look forward to working with new investors Project A and returning investors Northzone and Seedcamp as we strive towards this goal."
— Henrik Grim, CEO
Series C
£41.0M

Northzone led the Series C financing round, which will fund the platform's expansion into new product categories.

"Nivoda has quickly emerged as a category-defining company that powers small retailers around the world. Nivoda is building a truly pioneering technology platform that creates value for all stakeholders across the ecosystem including consumers, suppliers, and retailers. We had the privilege of getting to know Dave and the team for over a year prior to investment and are very excited to partner with them on this journey."
— Sanjot Malhi, Partner
Seed
£23.6M

The seed round was led by Hoxton Ventures with participation from Basis Set Ventures and Lightspeed Venture Partners.

"The Fundamental AI Research (FAIR) team is looking forward to collaborating with CuspAI in their use of AI, including our OpenDAC work, to accelerate the discovery of novel DAC sorbent materials. The world needs fast progress on affordable carbon capture, and we believe that CuspAI’s team is in an excellent position to apply AI-based materials discovery to this pressing problem."
— Yann Le Cun
Seed
£4.0M

Connect Ventures led the seed financing round to support domestic growth and team expansion.

"Our latest round of investment underscores the urgency of our mission. Businesses shouldn’t bear high costs due to a lack of understanding about where or how to find better deals. Our platform provides instant, transparent access to the best solutions for each business. It not only saves time, but also introduces a level of pricing fairness previously unseen in the industry."
— Ed Hardy, CEO and co-founder
Series B
£0

The funding extension comes alongside the appointment of new chief executive officer Kate Henningsen.

"Infogrid’s growth to date coincides with a transformative moment for the built world. The company’s technology future-proofs any building and delivers a solution not otherwise available in the market. I’ve made decarbonising the world the goal of my professional life and I’m thrilled to be joining Infogrid at this critical moment to help real estate organisations reduce their carbon footprint. As an industry, the built world now has a technology that can make an impact at scale, rather than addressing isolated issues. Climate is the problem of our generation to solve and by pursuing this opportunity, Infogrid has the potential to become a category-defining company."
— Kate Henningsen, CEO
Series C
£17.5M

The round was backed by British Patient Capital, Lombard Odier Investment Managers, and Northzone to help scale services for frontline employees.

"Do frontline workers not deserve choice? Do frontline workers – who keep essential services running in good times and tough times – not deserve a better financial future?"
— Peter Briffett, Co-founder and CEO
Pre-Seed
£3.8M

The pre-seed round was backed by investors including firstminute capital and Tuesday VC.

"Building my first startup straight out of university and scaling it to a team of over 500, I knew we had to become an effective learning organization. Yet I couldn’t find a simple way to equip our teams with the learning opportunities they needed to continuously grow their skills, learn more, and move faster."
— Husayn Kassai, Founder and CEO
Series A
£62.5M

The financing comprises £12.5m in equity and £50m in debt, valuing the business at over £70m.

"We are thrilled to continue to be part of the Yonder journey as young professionals eagerly seek a cutting-edge digital credit card that delivers not only enhanced customer convenience but also genuine relevance. Yonder addresses this need by establishing an exclusive membership club for a community of like-minded individuals. The impressive early engagement metrics are a testament to the exceptional potential Yonder holds."
— Jeppe Zink, Partner
Series B
£72.4M

The financing package includes equity and debt from backers including Original Capital and SoftBank Vision Fund 2.

"Sustainability and reducing costs are paramount concerns for our clients today. In the aftermath of Covid there has been a pincer movement of inflation and climate pressures on businesses, leading to widespread concern over the cost and carbon emissions of owning and operating commercial buildings,"
— Will Cowell de Gruchy, CEO
Seed
£8.0M

Northzone led the seed round to help the startup launch its compensation benchmarking platform and expand its team.

"We’ve experienced first hand how hard it is to hire and retain great teams and scale internationally. Getting compensation right from day one is crucial and it only gets harder the larger you become. When we were growing, we couldn’t find any reliable or real-time data to help us determine the right compensation for each person on our team. We lost great people, and missed out on key hires as a result. We’re surprised that no one has built a better solution to this problem yet"
— Roy Blanga, co-CEO
Seed
£20.0M

The funding round was co-led by Northzone and LocalGlobe to support team growth and product development.

"For too long, credit cards have taken advantage of consumers. Hidden fees, discriminatory credit scoring, and rewards that belong in the 1990s, all in the interest of bank’s quarterly earnings,"
— Tim Chong, CEO and co-founder
Seed
£4.9M

The seed round was co-led by PROfounders and Revent with participation from Northzone and Nomad Capital.

"Breakroom’s mission is to make every job a good job. Most people don’t work from offices: they’re on the frontline, working shifts and many of them are paid by the hour. The pandemic has shown that there are too many jobs that are undervalued and need to improve. The recent labour shortages in sectors like logistics and hospitality show that now is a great time to make sure that things are different in the future. Breakroom will help workers find the best job for them and help employers compete on the quality of the jobs they offer."
— Anna Maybank, CEO
Series D+
£50.4M

The Series D round was led by Addition and will fund international expansion and product development.

"When Luca and I started TrueLayer in 2016, we imagined open banking becoming a new digital channel for solving cost and complexities around payments, digital identity, credit data and much more. We wanted to open up this newly built infrastructure to many businesses and consumers. It is such a joy to see our vision coming alive and open banking based payments quickly becoming the new normal"
— Francesco Simoneschi, Co-founder & CEO
Series C
$400M

The Series C round was co-led by Andreessen Horowitz and General Catalyst with participation from IVP and other returning backers.

"We are creating a portfolio of products to build the future of live video collaboration and remote community. As we’ve seen, the importance of providing unparalleled virtual and hybrid event experiences has never been greater and this latest funding is a reflection of how critical it is as brands look for ways to connect with people and avenues of growth. To enable this, we are investing more in video innovation, the core medium of digital collaboration. We’re incredibly appreciative of the confidence from our investors who share Hopin’s vision for a better connected world. This is a testament to the dedication of the Hopin team, which works hard to deliver for our customers."
— Johnny Boufarhat, CEO and Founder
Series A
£11.6M

Northzone led the Series A round to support the company as it accelerates international expansion.

"Until now, the lack of viable and scalable technology has meant that facilities management is one of the last industries to be enhanced by digitization, despite covering the world’s largest asset class. Infogrid’s end-to-end smart building system finally arms organizations with insight to take control and take action. This new era of insight and automation will bring about a positive impact on the efficiencies of businesses, the wellbeing of employees, and the environmental footprint of buildings."
— William Cowell de Gruchy, Founder and CEO
Series C
£19.6M

The financing round was led by Anthemis with participation from Connect Ventures, Northzone, and Temasek.

"Our vision when we founded TrueLayer, where Open Banking is the default pipe to move money, instantly and safely, is becoming reality. This raise will help us on that journey to open up financial infrastructure, and enable access in new geographies and across new industries."
— Francesco Simoneschi, Co-founder & CEO
Series B
£20.0M

Northzone led the £20m Series B round to support international expansion and strengthen UK market share.

"Where people work and how they work is changing by the day, all the more so since Covid-19 struck. Now the way in which people get paid is changing, too, and at scale. Wagestream provides a financial flexibility that is perfectly suited to today’s agile and progressive workforce."
— Peter Briffett, Co-founder and CEO
Series A
£15.0M

The financing round was co-led by Balderton and Northzone, bringing the company's total funding to £40m.

"The feedback we are getting from private companies and public sector customers alike is that staff are happier, more productive and have greater financial security once they start using our service."
— Peter Briffett, Co-founder and CEO