Northzone Ventures, a VC that has backed the likes of Spotify and lastminute.com, has announced a new $325m fund. It’s the firm’s seventh investment pot for tech startups and its largest to date.
The European-based VC has a substantial London operation and will use the fund for European and American investment opportunities.
The announcement rounds off an impressive year for Northzone who has invested in 21 companies in 2014.
Northzone’s fintech focus
Earlier this month, it made two investments in British startups MarketInvoice and Space Ape Games.
Northzone has highlighted the investment in the former as part of a significant fintech trend for the firm and we should expect even more investments in the sector in the coming year.
iZettle and BehavioSec are also among the six fintech startups in Northzone’s current portfolio.
Northzone recently opened its first North American office in New York, and the fund will be used to invest on both sides of the Atlantic.
Having offices in both London and New York puts the firm in an ideal position for its fintech ambitions given the growing reputation of both cities as fintech hubs.