Northzone Ventures

Northzone Ventures is a London-based venture capital investment firm founded in 1996. It operates across Europe and the United States, focusing on a diverse range of industries, including healthcare, semiconductors, software, hardware, artificial intelligence, blockchain, and gaming. With a strong emphasis on partnering with entrepreneurs, Northzone has raised over €1.5 billion and has a notable track record of collaborating with the founders of successful companies such as Spotify and Klarna. The firm maintains a presence in the Nordics, London, and New York, allowing it to connect its portfolio companies with customers, business partners, and talent on a global scale.

Alexander Agureev

Vice President

Torleif Ahlsand

General Partner

Molly Alter

Principal

Tomas Bennich

Venture Partner

Nick Boesel

Associate

Harriet Hamblin

Vice President

Jackson Heddy

CFO

Michiel Kotting

General Partner

Sanjot Malhi

Partner

Manavi Mehra

Vice President

Naseem Moumene

Associate

Michelle Nacouzi

Vice President

Christoffer Norman

Investment Manager

Hans Otterling

General Partner

Kilian Pender

Partner

Par-Jorgen Parson

General Partner

Deepka Rana

Investment Manager

Wendy Xiao

Partner

Jessica Schultz

Partner

Marta Sjogren

Partner

Bjorn Stray

Partner

Past deals in Norway

Matsmart

Series C in 2021
Matsmart Scandinavia AB is an online platform based in Skogås, Sweden, that specializes in selling surplus food products. Founded in 2014 by Karl Andersson, Erik Södergren, and Ulf Skagerström, the company aims to combat food waste by offering items that might otherwise be discarded due to reasons such as packaging changes or approaching expiration dates. Matsmart has experienced significant growth since its inception, expanding its operations to Norway and Finland and achieving recurring revenues of SEK 200 million. In 2017 alone, the company successfully saved 2,022 tonnes of food from being wasted. By providing a marketplace for discounted groceries and personal care products, Matsmart enables suppliers to move surplus inventory while helping to reduce overall food wastage.

Matsmart

Venture Round in 2019
Matsmart Scandinavia AB is an online platform based in Skogås, Sweden, that specializes in selling surplus food products. Founded in 2014 by Karl Andersson, Erik Södergren, and Ulf Skagerström, the company aims to combat food waste by offering items that might otherwise be discarded due to reasons such as packaging changes or approaching expiration dates. Matsmart has experienced significant growth since its inception, expanding its operations to Norway and Finland and achieving recurring revenues of SEK 200 million. In 2017 alone, the company successfully saved 2,022 tonnes of food from being wasted. By providing a marketplace for discounted groceries and personal care products, Matsmart enables suppliers to move surplus inventory while helping to reduce overall food wastage.

Matsmart

Venture Round in 2018
Matsmart Scandinavia AB is an online platform based in Skogås, Sweden, that specializes in selling surplus food products. Founded in 2014 by Karl Andersson, Erik Södergren, and Ulf Skagerström, the company aims to combat food waste by offering items that might otherwise be discarded due to reasons such as packaging changes or approaching expiration dates. Matsmart has experienced significant growth since its inception, expanding its operations to Norway and Finland and achieving recurring revenues of SEK 200 million. In 2017 alone, the company successfully saved 2,022 tonnes of food from being wasted. By providing a marketplace for discounted groceries and personal care products, Matsmart enables suppliers to move surplus inventory while helping to reduce overall food wastage.

Matsmart

Venture Round in 2017
Matsmart Scandinavia AB is an online platform based in Skogås, Sweden, that specializes in selling surplus food products. Founded in 2014 by Karl Andersson, Erik Södergren, and Ulf Skagerström, the company aims to combat food waste by offering items that might otherwise be discarded due to reasons such as packaging changes or approaching expiration dates. Matsmart has experienced significant growth since its inception, expanding its operations to Norway and Finland and achieving recurring revenues of SEK 200 million. In 2017 alone, the company successfully saved 2,022 tonnes of food from being wasted. By providing a marketplace for discounted groceries and personal care products, Matsmart enables suppliers to move surplus inventory while helping to reduce overall food wastage.

Matsmart

Venture Round in 2016
Matsmart Scandinavia AB is an online platform based in Skogås, Sweden, that specializes in selling surplus food products. Founded in 2014 by Karl Andersson, Erik Södergren, and Ulf Skagerström, the company aims to combat food waste by offering items that might otherwise be discarded due to reasons such as packaging changes or approaching expiration dates. Matsmart has experienced significant growth since its inception, expanding its operations to Norway and Finland and achieving recurring revenues of SEK 200 million. In 2017 alone, the company successfully saved 2,022 tonnes of food from being wasted. By providing a marketplace for discounted groceries and personal care products, Matsmart enables suppliers to move surplus inventory while helping to reduce overall food wastage.

iZettle

Series D in 2016
iZettle AB is a financial technology company based in Stockholm, Sweden, that specializes in mobile payment services and applications for small businesses and entrepreneurs. Founded in 2010, iZettle revolutionized the market by introducing the first mini chip card reader designed for smartphones and tablets, enabling seamless payment processing. The company offers a range of products, including the iZettle Card Reader Lite, along with software that enhances payment speed, business management, sales analytics, customer engagement, and funding solutions. iZettle serves a diverse clientele across various countries, including Sweden, Norway, Denmark, Finland, the United Kingdom, Germany, Spain, Mexico, the Netherlands, and Brazil. As of September 2018, iZettle operates as a subsidiary of PayPal Holdings, Inc.

Matsmart

Venture Round in 2015
Matsmart Scandinavia AB is an online platform based in Skogås, Sweden, that specializes in selling surplus food products. Founded in 2014 by Karl Andersson, Erik Södergren, and Ulf Skagerström, the company aims to combat food waste by offering items that might otherwise be discarded due to reasons such as packaging changes or approaching expiration dates. Matsmart has experienced significant growth since its inception, expanding its operations to Norway and Finland and achieving recurring revenues of SEK 200 million. In 2017 alone, the company successfully saved 2,022 tonnes of food from being wasted. By providing a marketplace for discounted groceries and personal care products, Matsmart enables suppliers to move surplus inventory while helping to reduce overall food wastage.

iZettle

Series D in 2015
iZettle AB is a financial technology company based in Stockholm, Sweden, that specializes in mobile payment services and applications for small businesses and entrepreneurs. Founded in 2010, iZettle revolutionized the market by introducing the first mini chip card reader designed for smartphones and tablets, enabling seamless payment processing. The company offers a range of products, including the iZettle Card Reader Lite, along with software that enhances payment speed, business management, sales analytics, customer engagement, and funding solutions. iZettle serves a diverse clientele across various countries, including Sweden, Norway, Denmark, Finland, the United Kingdom, Germany, Spain, Mexico, the Netherlands, and Brazil. As of September 2018, iZettle operates as a subsidiary of PayPal Holdings, Inc.

iZettle

Series C in 2014
iZettle AB is a financial technology company based in Stockholm, Sweden, that specializes in mobile payment services and applications for small businesses and entrepreneurs. Founded in 2010, iZettle revolutionized the market by introducing the first mini chip card reader designed for smartphones and tablets, enabling seamless payment processing. The company offers a range of products, including the iZettle Card Reader Lite, along with software that enhances payment speed, business management, sales analytics, customer engagement, and funding solutions. iZettle serves a diverse clientele across various countries, including Sweden, Norway, Denmark, Finland, the United Kingdom, Germany, Spain, Mexico, the Netherlands, and Brazil. As of September 2018, iZettle operates as a subsidiary of PayPal Holdings, Inc.

mCASH

Series A in 2014
mCASH is a Norwegian startup company that has developed a unique payment service. It's based on a new infrastructure connecting banks, merchants and consumers for instant smart mobile payments. mCASH increases revenue for banks, enables multi channel sales and data services for merchants while providing an award winning user experience.

Settle Group

Series A in 2014
Settle Group invented mobile payments in the Nordics, was awarded a patent for mobile payments in 2011 in Norway, and launched the first mobile payment service in Norway. After selling a license for its technology, and the client base of the Norwegian service to the leading Norwegian banks, which today run this as the national mobile payment standard adopted by 80% of the population, Settle Group internationalize its technology and formed the Settle network. Similar to the services known as Alipay, PayTM, Venmo, Zelle, etc. Settle enables people and companies to pay, get paid, manage their money, and grow their businesses using a mobile payment app. Settle Group is licensed to provide financial services in Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden, in accordance with its e-money license #108654 issued by the Norwegian Financial Supervisory Authorities.

iZettle

Series B in 2012
iZettle AB is a financial technology company based in Stockholm, Sweden, that specializes in mobile payment services and applications for small businesses and entrepreneurs. Founded in 2010, iZettle revolutionized the market by introducing the first mini chip card reader designed for smartphones and tablets, enabling seamless payment processing. The company offers a range of products, including the iZettle Card Reader Lite, along with software that enhances payment speed, business management, sales analytics, customer engagement, and funding solutions. iZettle serves a diverse clientele across various countries, including Sweden, Norway, Denmark, Finland, the United Kingdom, Germany, Spain, Mexico, the Netherlands, and Brazil. As of September 2018, iZettle operates as a subsidiary of PayPal Holdings, Inc.

ChapDrive

Venture Round in 2007
ChapDrive is a venture technology company located in Trondheim, Norway. ChapDrive offers a gearless technology for wind turbines based on a patented high efficiency hydraulic drivetrain with high-voltage synchronous generator. ChapDrive’s solution has no mechanical gearbox, no frequency converter, no transformer and no permanent magnets. Benefits are lower top weight, fewer critical components and improved reliability leading to reduced capital expenditure and operating expense and thus reduced cost of energy. ChapDrive has installed, optimized and operated two wind turbines with hydraulic transmission to verify the business potential of the concept. With a strong management team and a staff of 20 competent and dedicated employees ChapDrive is now entering the stage of the commercialization where it is ready to invite partners to finalize development of commercial products and offer the wind industry a unique solution to existing challenges. ChapDrive has its headquarter and workshop in Trondheim, Norway, a test site at Valsnes close to Trondheim, a subsidiary in Silkeborg, Denmark and a representation in Hong Kong, China.

T-VIPS

Series B in 2007
T-VIPS AS is a technology company specializing in video transport solutions for the Internet Protocol (IP) markets. Established in 2004 and headquartered in Oslo, Norway, with a subsidiary in Greenwich, Connecticut, T-VIPS focuses on the transportation of live broadcast signals. The company offers a comprehensive suite of products, including video gateways, processing and multiplexing processors, and monitoring and switching equipment. Additionally, T-VIPS provides management solutions for remote monitoring and control of video transport over IP networks, along with services for contribution, terrestrial networks, mobile TV, and IPTV applications. Their offerings cater to a variety of needs, such as broadcast contribution, studio-to-studio media exchange, and live event coverage, among others. T-VIPS also offers technical support, training, network planning, and integration services to enhance client operations in the professional video industry.

The Qt Company

Series B in 2005
The Qt Company develops and delivers the Qt development framework under commercial and open source licenses. We enable the reuse of software code across all operating systems, platforms and screen types, from desktops and embedded systems to wearables and mobile devices. Qt is used by approximately one million developers worldwide and is the leading independent technology behind millions of devices and applications. Qt is the platform of choice for in-vehicle systems, industrial automation devices, and other business critical application manufacturers, and is used by leading global players in more than 70 industries. The Qt Company is owned by the Qt Group, which operates in China, Finland, Germany, Japan, Korea, Norway, Russia and USA with more than 200 employees worldwide. The Qt Group is headquartered in Espoo, Finland and is listed on Nasdaq Helsinki Stock Exchange. The company’s net sales in year 2015 was 27 MEUR. To learn more visit http://qt.io

T-VIPS

Venture Round in 2005
T-VIPS AS is a technology company specializing in video transport solutions for the Internet Protocol (IP) markets. Established in 2004 and headquartered in Oslo, Norway, with a subsidiary in Greenwich, Connecticut, T-VIPS focuses on the transportation of live broadcast signals. The company offers a comprehensive suite of products, including video gateways, processing and multiplexing processors, and monitoring and switching equipment. Additionally, T-VIPS provides management solutions for remote monitoring and control of video transport over IP networks, along with services for contribution, terrestrial networks, mobile TV, and IPTV applications. Their offerings cater to a variety of needs, such as broadcast contribution, studio-to-studio media exchange, and live event coverage, among others. T-VIPS also offers technical support, training, network planning, and integration services to enhance client operations in the professional video industry.

Funcom

Venture Round in 2004
Funcom is a video game development company based in Oslo, Norway, with additional offices in the United States, China, Switzerland, and Canada. The company specializes in creating and publishing massively multiplayer online games, including popular titles such as Age of Conan, Anarchy Online, and The Secret World. In addition to its online offerings, Funcom also develops offline games like The Park, Hide and Shriek, Dreamfall, and The Longest Journey. By providing a diverse range of gaming experiences across multiple platforms, Funcom aims to engage players with various genres and live gaming experiences.
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