Northzone

Northzone is a venture capital firm founded in 1996 and based in London, with offices in New York, Oslo, and Stockholm. It invests in technology-enabled companies across healthcare, software, hardware, artificial intelligence, semiconductors, blockchain, and gaming, spanning early-stage and multi-stage opportunities. The firm emphasizes connections by helping portfolio companies access customers, partners, and talent on an international scale. Northzone has backed notable founders of Spotify, Avito, iZettle, Klarna, and Hopin, reflecting a history of building category-defining businesses. The firm maintains a Nordic and European footprint while operating globally, and has raised substantial capital, including over €1.5 billion in funds.

Alex Agureev

Associate

Torleif Ahlsand

General Partner

Molly Alter

Principal

Tomas Bennich

Venture Partner

Jörgen Bladh

General Partner

Past deals in Hydroelectric

Flower

Series A in 2024
Flower operates a Power Refinery platform that connects flexibility assets with buyers. It integrates with various assets like EVs, storage systems, hydropower, solar, and heating, actively managing their power profiles. The company aims to offer ancillary services and participate in capacity markets, supporting the renewable electrification of everything.

Flower

Series A in 2024
Flower operates a Power Refinery platform that connects flexibility assets with buyers. It integrates with various assets like EVs, storage systems, hydropower, solar, and heating, actively managing their power profiles. The company aims to offer ancillary services and participate in capacity markets, supporting the renewable electrification of everything.
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