Northzone, established in 1996, is a London-based venture capital firm with additional offices in New York, Oslo, and Stockholm. It focuses on early-stage investments in technology-facing companies, primarily in Europe and the United States. The firm's investment portfolio spans across various sectors, including healthcare, semiconductors, software, hardware, artificial intelligence, blockchain, and gaming. Northzone has raised over €1.5 billion in funds and has partnered with founders of prominent companies such as Spotify, Avito, iZettle, Klarna, and Hopin. The firm provides not only capital but also operational support, connecting its portfolio companies with customers, business partners, and key talent on a global scale.
Anyfin AB, established in 2017 and headquartered in Stockholm, Sweden, specializes in loan refinancing. The company enables users to refinance existing loans by simply taking a photo of their loan statement, utilizing artificial intelligence and consumer data. Anyfin aims to improve users' financial situations by offering fair, simple, and smart services, with a focus on reducing interest costs and fees. In addition to loan refinancing, the company also provides services to help users manage their finances and subscriptions more effectively.
Depict
Series A in 2022
Depict.ai, founded in 2019 and based in Stockholm, Sweden, develops a product recommendation engine aimed at enhancing e-commerce stores' capabilities. The software is designed to provide high-quality product recommendations comparable to those of major retailers, enabling smaller businesses to enhance their digital storefronts and compete effectively in the market. By democratizing access to advanced recommendation technology, Depict.ai allows clients to increase their overall revenue without the need for extensive sales data. This empowers brands to present their unique stories and identities more effectively, ultimately supporting their growth in a competitive landscape.
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.
Anyfin
Series B in 2021
Anyfin AB, established in 2017 and headquartered in Stockholm, Sweden, specializes in loan refinancing. The company enables users to refinance existing loans by simply taking a photo of their loan statement, utilizing artificial intelligence and consumer data. Anyfin aims to improve users' financial situations by offering fair, simple, and smart services, with a focus on reducing interest costs and fees. In addition to loan refinancing, the company also provides services to help users manage their finances and subscriptions more effectively.
Depict
Seed Round in 2020
Depict.ai, founded in 2019 and based in Stockholm, Sweden, develops a product recommendation engine aimed at enhancing e-commerce stores' capabilities. The software is designed to provide high-quality product recommendations comparable to those of major retailers, enabling smaller businesses to enhance their digital storefronts and compete effectively in the market. By democratizing access to advanced recommendation technology, Depict.ai allows clients to increase their overall revenue without the need for extensive sales data. This empowers brands to present their unique stories and identities more effectively, ultimately supporting their growth in a competitive landscape.
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.
Anyfin
Series A in 2019
Anyfin AB, established in 2017 and headquartered in Stockholm, Sweden, specializes in loan refinancing. The company enables users to refinance existing loans by simply taking a photo of their loan statement, utilizing artificial intelligence and consumer data. Anyfin aims to improve users' financial situations by offering fair, simple, and smart services, with a focus on reducing interest costs and fees. In addition to loan refinancing, the company also provides services to help users manage their finances and subscriptions more effectively.
Kitab Sawti
Private Equity Round in 2019
Kitab Sawti AB is an Arabic audio entertainment service that specializes in producing and distributing audiobooks and podcasts through its mobile applications. Founded in 2016 and based in Stockholm, Sweden, the company aims to promote the reading and appreciation of Arabic literature. Kitab Sawti collaborates with authors, publishers, and libraries to secure exclusive copyrights, thereby facilitating access to a wide range of Arabic literary content for a global audience. The platform offers features that allow users to easily find and listen to audiobooks, enhancing their engagement with Arabic language and literature. As of July 2020, Kitab Sawti AB operates as a subsidiary of Storytel AB.
Kitab Sawti
Venture Round in 2018
Kitab Sawti AB is an Arabic audio entertainment service that specializes in producing and distributing audiobooks and podcasts through its mobile applications. Founded in 2016 and based in Stockholm, Sweden, the company aims to promote the reading and appreciation of Arabic literature. Kitab Sawti collaborates with authors, publishers, and libraries to secure exclusive copyrights, thereby facilitating access to a wide range of Arabic literary content for a global audience. The platform offers features that allow users to easily find and listen to audiobooks, enhancing their engagement with Arabic language and literature. As of July 2020, Kitab Sawti AB operates as a subsidiary of Storytel AB.
Anyfin
Series A in 2018
Anyfin AB, established in 2017 and headquartered in Stockholm, Sweden, specializes in loan refinancing. The company enables users to refinance existing loans by simply taking a photo of their loan statement, utilizing artificial intelligence and consumer data. Anyfin aims to improve users' financial situations by offering fair, simple, and smart services, with a focus on reducing interest costs and fees. In addition to loan refinancing, the company also provides services to help users manage their finances and subscriptions more effectively.
Zervant
Series B in 2018
Zervant is a company based in Espoo, Finland, founded in 2010, that specializes in providing an online invoicing platform tailored for micro enterprises across Europe. The platform caters to sole traders and small businesses, offering features such as e-invoicing, postal invoicing, payment reminders, time tracking, and payment scheduling. By automating the invoicing process, Zervant helps its clients enhance efficiency in managing their financial operations. The company's core markets include Finland, Sweden, the UK, France, Germany, Belgium, and Austria.
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 designed for small businesses and entrepreneurs. Founded in 2010, it revolutionized the industry with the introduction of the first mini chip card reader, enabling businesses to accept card payments through smartphones and tablets. iZettle offers a range of products, including the iZettle Card Reader Lite and an application compatible with iOS and Android devices, which facilitate payment processing, business management, sales analytics, and customer engagement. The company serves a diverse clientele across several countries, including Sweden, Norway, Denmark, Finland, the United Kingdom, Germany, Spain, Mexico, the Netherlands, and Brazil. As of 2018, iZettle operates as a subsidiary of PayPal Holdings, Inc.
Zervant
Series A in 2016
Zervant is a company based in Espoo, Finland, founded in 2010, that specializes in providing an online invoicing platform tailored for micro enterprises across Europe. The platform caters to sole traders and small businesses, offering features such as e-invoicing, postal invoicing, payment reminders, time tracking, and payment scheduling. By automating the invoicing process, Zervant helps its clients enhance efficiency in managing their financial operations. The company's core markets include Finland, Sweden, the UK, France, Germany, Belgium, and Austria.
Outfittery
Series E in 2016
Outfittery is an online personal shopping service designed specifically for men, aiming to simplify the shopping experience. The company employs personal style experts who curate two to three outfits for customers based on their individual preferences and personalities, utilizing a selection from various top fashion brands. After an initial online interaction and an optional phone consultation, customers receive a selection of clothing items tailored to their style. The service is free, with customers only paying for the items they choose to keep. Outfittery updates its inventory regularly to feature the latest offerings from interesting men's fashion brands and popular designers worldwide. As a pioneer and market leader in curated shopping for men in Europe, Outfittery operates in eight countries, including Germany, Austria, and the Netherlands.
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 designed for small businesses and entrepreneurs. Founded in 2010, it revolutionized the industry with the introduction of the first mini chip card reader, enabling businesses to accept card payments through smartphones and tablets. iZettle offers a range of products, including the iZettle Card Reader Lite and an application compatible with iOS and Android devices, which facilitate payment processing, business management, sales analytics, and customer engagement. The company serves a diverse clientele across several countries, including Sweden, Norway, Denmark, Finland, the United Kingdom, Germany, Spain, Mexico, the Netherlands, and Brazil. As of 2018, iZettle operates as a subsidiary of PayPal Holdings, Inc.
Spotify
Series G in 2015
Spotify, headquartered in Stockholm, Sweden, is a global music streaming service provider. As of 2023, it has 602 million monthly active users. The company offers on-demand access to songs across various devices, enabling users to search, discover, and share music. It also provides artists with tools to share their work and promote their careers. Spotify generates revenue through a paid subscription model, known as Spotify Premium, and an ad-supported service. In 2023, these models contributed to 86% and 14% of its total revenue, respectively.
Outfittery
Series C in 2015
Outfittery is an online personal shopping service designed specifically for men, aiming to simplify the shopping experience. The company employs personal style experts who curate two to three outfits for customers based on their individual preferences and personalities, utilizing a selection from various top fashion brands. After an initial online interaction and an optional phone consultation, customers receive a selection of clothing items tailored to their style. The service is free, with customers only paying for the items they choose to keep. Outfittery updates its inventory regularly to feature the latest offerings from interesting men's fashion brands and popular designers worldwide. As a pioneer and market leader in curated shopping for men in Europe, Outfittery operates in eight countries, including Germany, Austria, and the Netherlands.
Vionlabs
Seed Round in 2015
Vionlabs AB is a technology company based in Stockholm, Sweden, with an additional office in Barcelona, Spain, that focuses on developing digital ecosystems for carriers, cable networks, and internet providers across Scandinavia, Europe, and the Middle East. The company specializes in advanced AI-driven solutions designed to enhance content discovery, user engagement, and content management in the media and entertainment industry. Its offerings include MMDb, an application that helps users discover music through movies, as well as digital ecosystems for online film and TV distribution, such as those developed for Tele 2 in Sweden and Latvia. Vionlabs also provides atflick, a social video-on-demand service. By utilizing multi-layered deep learning and content analysis, Vionlabs aims to deliver personalized viewing experiences, streamline content workflows, and improve overall viewer satisfaction for streaming services and broadcasters.
Spotify
Secondary Market in 2014
Spotify, headquartered in Stockholm, Sweden, is a global music streaming service provider. As of 2023, it has 602 million monthly active users. The company offers on-demand access to songs across various devices, enabling users to search, discover, and share music. It also provides artists with tools to share their work and promote their careers. Spotify generates revenue through a paid subscription model, known as Spotify Premium, and an ad-supported service. In 2023, these models contributed to 86% and 14% of its total revenue, respectively.
iZettle
Series C in 2014
iZettle AB is a financial technology company based in Stockholm, Sweden, that specializes in mobile payment services and applications designed for small businesses and entrepreneurs. Founded in 2010, it revolutionized the industry with the introduction of the first mini chip card reader, enabling businesses to accept card payments through smartphones and tablets. iZettle offers a range of products, including the iZettle Card Reader Lite and an application compatible with iOS and Android devices, which facilitate payment processing, business management, sales analytics, and customer engagement. The company serves a diverse clientele across several countries, including Sweden, Norway, Denmark, Finland, the United Kingdom, Germany, Spain, Mexico, the Netherlands, and Brazil. As of 2018, iZettle operates as a subsidiary of PayPal Holdings, Inc.
Footway
Series A in 2014
Footway is an online shoe retailer headquartered in Kista, Sweden. The company operates a platform with specialized online stores, offering a diverse selection of approximately 800 brands, including well-known names such as Nike, Adidas, Converse, and Dr. Martens. Footway serves around 2 million customers across approximately 24 markets, providing a wide range of footwear options tailored to various preferences and needs.
iZettle
Series B in 2012
iZettle AB is a financial technology company based in Stockholm, Sweden, that specializes in mobile payment services and applications designed for small businesses and entrepreneurs. Founded in 2010, it revolutionized the industry with the introduction of the first mini chip card reader, enabling businesses to accept card payments through smartphones and tablets. iZettle offers a range of products, including the iZettle Card Reader Lite and an application compatible with iOS and Android devices, which facilitate payment processing, business management, sales analytics, and customer engagement. The company serves a diverse clientele across several countries, including Sweden, Norway, Denmark, Finland, the United Kingdom, Germany, Spain, Mexico, the Netherlands, and Brazil. As of 2018, iZettle operates as a subsidiary of PayPal Holdings, Inc.
Innotech Solar
Venture Round in 2009
Innotech Solar delivers high quality solar modules with the best value for money. In an innovative laser-based process, Innotech Solar maximizes electricity production by optimizing various types of solar cells. ITS strives to make use of 100% of the raw materials for energy generation. Our modules combine environmental friendliness, durability, and an outstanding price-performance-ratio. Innotech Solar was established in 2008 as a spin-off from REC (Renewable Energy Corporation ASA). 5 years later the company has 120 employees and has established an international presence with factories in Germany, Sweden and Hong Kong, sales offices in Munich, Shanghai and California, and headquarter in Narvik, Norway.
Tobii
Series B in 2009
Tobii, established in 2001, is a Swedish technology company specializing in eye-tracking solutions. It offers hardware and software products that enable the detection of eye orientation, facilitating applications such as eye-controlled interfaces, design testing, and medical diagnostics. Tobii supplies these solutions directly and also provides platforms and components to original equipment manufacturers (OEMs) for integration into their products. The company operates through three business units: Tobii Dynavox (assistive communication technology), Tobii Pro (behavioral research solutions), and Tobii Tech (eye-tracking components and platforms). With a global presence, Tobii generates a significant portion of its revenue from the United States.
Innotech Solar
Series A in 2008
Innotech Solar delivers high quality solar modules with the best value for money. In an innovative laser-based process, Innotech Solar maximizes electricity production by optimizing various types of solar cells. ITS strives to make use of 100% of the raw materials for energy generation. Our modules combine environmental friendliness, durability, and an outstanding price-performance-ratio. Innotech Solar was established in 2008 as a spin-off from REC (Renewable Energy Corporation ASA). 5 years later the company has 120 employees and has established an international presence with factories in Germany, Sweden and Hong Kong, sales offices in Munich, Shanghai and California, and headquarter in Narvik, Norway.
Playdo
Venture Round in 2008
PlayDo AB is a creative gaming studio based in Stockholm, Sweden, founded in 1999. The company specializes in developing online games for young players, focusing on social multiplayer experiences. Its flagship offering, Spineworld, is a massively multiplayer online (MMO) game that allows users to engage in virtual worlds. PlayDo emphasizes high safety and security standards in its gaming platform, ensuring a secure environment for users of all ages to enjoy 2D and 3D games.
Wiral Internet Group
Series B in 2008
Wiral Internet Group AB develops and owns Web applications. It also owns PriceRunner, a price-comparison site; and TestFreaks, a consumer product review site, which aggregates and presents data on specific products from professional reviews, user reviews, video reviews, blogs, and forums. In addition, the company has ownership interest in Buzzador, a word-of-mouth marketing company. Wiral Internet Group AB was founded in 2006 and is based in Stockholm, Sweden.
Spotify
Series A in 2008
Spotify, headquartered in Stockholm, Sweden, is a global music streaming service provider. As of 2023, it has 602 million monthly active users. The company offers on-demand access to songs across various devices, enabling users to search, discover, and share music. It also provides artists with tools to share their work and promote their careers. Spotify generates revenue through a paid subscription model, known as Spotify Premium, and an ad-supported service. In 2023, these models contributed to 86% and 14% of its total revenue, respectively.
Appear Networks
Series B in 2006
Appear is an enterprise mobility software company based in Kista, Sweden, founded in 2001 by Xavier Aubry. The company provides tools for prototyping, developing, integrating, launching, and operating mobile solutions. Appear's offerings include consulting, training, app design, integration, testing, and sourcing, enabling developers to host mobility applications and infrastructure in the cloud. Its main product, Appear IQ, is a mobile application development platform that allows users to manage the entire lifecycle of application deployment, including user management, distribution, troubleshooting, and reporting. Additionally, Appear's AIQ8 suite enhances standard wireless networks to deliver multimedia content to mobile users. The company also enables users to create enterprise Appstores for various stakeholders or build application ecosystems tailored to specific industries. The Appear IQ assets have been primarily transferred to Datamatics in India.
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