Northzone

London, United Kingdom Founded 1996 northzone.com

Seed
Early stage
Growth
fintech
health
SaaS
consumer

Northzone’s latest fund is Northzone X: $1B, 2022, #53 of 427 firms by latest fund.

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Latest fund$1B2022

Rank by latest fund#53of 427 firms

Assets under managementNot reported

Funds with reported performance1From public LP disclosures

Funds raised, by the year each closed

The numbers

Year	Raised
2019	$500M
2022	$1B

Overview

Founded in Norway/Sweden; now London + Stockholm. Tech.eu cites >$2.8B raised across 10 funds (cumulative, not AUM). EUR/USD ~1.0 at Sept 2022. No newer flagship fund found.

Funds

Fund	Closed	Size	Source
Northzone X	2022	$1B€1B	tech.eu
Northzone IX	2019	$500M~US$500M	pitchbook.com

LPs on the record

1 LP reports holding Northzone’s funds.

Korea Venture Investment Corp. (Foreign VC Investment Fund) Government fund of funds · 1 fund

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Reported fund performance

As reported by public LPs that invested in these funds, net of fees. “Versus vintage” ranks each fund against every other fund of the same vintage in that LP’s report, mostly private equity and venture funds. Open a fund for its cash flows and full peer ranking.

Fund	Vintage	Net IRR	Versus vintage (IRR)	TVPI	DPI	Reported by
Northzone IX	—	N/M	Not yet meaningful	—	—	Korea Venture Investment Corp. (Foreign VC Investment Fund)

Korea Venture Investment Corp. (Foreign VC Investment Fund): Partnership Fund Status of Foreign VC Investment Fund, as of July 31, 2026. Korea Venture Investment Corp., the Korean government's fund-of-funds manager, lists on its English website every fund its Foreign VC Investment Fund has committed to, with the fund's name, its general partner, the fund's size and "KVIC's Commitment", in millions of US dollars. The commitment is shown here as printed, times one million; KVIC reports the amounts in US dollars, so nothing is converted. The fund's own size and the general partner column are not imported, and KVIC reports no vintage year, paid-in amount, distributions, value, multiple or IRR per fund, so those are blank. The page has 2 tables, all included: "Partnership Fund Status of Foreign VC Investment Fund", as of 2026-07-31, has 64 funds which add up to $521.8 million while the page prints a total of $536.9 million (the page does not explain the difference); "Partnership Fund Status of Foreign VC Investment Fund II", as of 2023-12-31, has 26 funds which add up to the printed total of $252.11 million. The as-of date here is the latest of the tables' dates. KVIC's domestic Korea Fund of Funds and its Angel Fund of Funds are not part of this list. View source

About this data

Fund sizes come from firm announcements, SEC filings, and press reports, converted to US dollars near the closing date. Compiled as of October 9, 2026. Notable portfolio companies are examples from public sources, not a complete list.