Northzone

🗞️ As 2024 comes to a close, we're wrapping up with our last monthly roundup of the year, sharing exciting portfolio updates: our investment in Nivoda, a Fika with Reonic, and more. Check it out below! 👇 https://lnkd.in/dc-Tj9_8 🗓️ Stay up to date by signing up to our monthly newsletter (link in the comment section). 📰 NEWS FROM OUR PORTFOLIO AirForestry 🇸🇪 Ny Teknik highlighted AirForestry on it’s annual 33 list of Sweden’s 33 most promising tech innovators this year - a spotlight for the top emerging tech startups pushing the boundaries in innovation. Einride 🇸🇪 announced the scaling of its autonomous freight technology into daily commercial operations together with apotea.se which has already saved over 917,000 kg of CO₂. Katana Cloud Inventory 🇪🇪 was featured in the Sifted Rising list of 30 of the fastest-growing Eastern Europe & Baltics startups in 2024. Klarna 🇸🇪 announced that as of 2025 its interest-free payment solutions will soon be available on Google Pay in the U.S., giving millions of users the flexibility to pay in installments at checkout. Kota 🇮🇪 has unveiled its new Embed product with Remote as its first flagship customer, enabling Remote users to seamlessly set up and manage health coverage across multiple countries. TrueLayer 🇬🇧 has announced its latest partner: Europe’s largest airline Ryanair - joining leading merchants like Just Eat Takeaway.com, lastminute.com, and Asda Money in adopting Pay by Bank. Noda 🇬🇧 formerly known as Inforgrid, has officially announced its rebrand to Noda - marking the next chapter in reimagining how modern buildings operate. Nivoda 🇬🇧 our latest growth investment is in Nivoda, the world’s leading B2B diamond marketplace! This $51M Series C, led by Northzone with participation from Avenir, Headline, Abstract, and Canaan, marks a significant step in the revolution of jewellery trade. Spotify 🇸🇪 surpassed $100 Billion market cap for the first time, marking a major milestone in the company’s growth.

🙌 Just in time for the winter break, we’re excited to share our last fika of the year with Tristan Menzinger, co-founder of Reonic, and our partner Jessica Schultz! 💚 Reonic is revolutionising the renewable energy sector by empowering installers across Europe with a cutting-edge platform designed to simplify and accelerate the adoption of solar and other renewable technologies. By providing a seamless end-to-end solution, Reonic equips installers with tools to streamline project management, procurement, and system design, ensuring efficiency and scalability. 💡 Together they dive into how Reonic is scaling across Europe, overcoming operational challenges, and driving innovation by supporting renewable energy installers with an integrated approach. Read the full article through the link below 👇 https://lnkd.in/eT_4JmmW Markus Gleim, Paula Weber

🎤 Our Partner Molly Alter spoke at Reuters NEXT in New York last week. 🗓️ It’s no surprise that the next phase of artificial intelligence dominated the discussion as we head into 2025, and Molly set out the Northzone view on the future of AI investing, alongside Reuters journalist Krystal Hu and George Sivulka of Hebbia AI. 💡 You can read why Molly predicts that 2025 will be the “year of profitability for AI” in the below piece from Katie Paul 👇 https://lnkd.in/eBn4E_zc

Swedish star investor Pär-Jörgen Pärson helped launch Spotify’s rise to dominance – is Flower next? 🚀 Renowned for playing a key role in shaping success stories like Spotify, iZettle and Avito, and with decades of experience from the boards of countless market disrupting companies, the Northzone partner Pär-Jörgen Pärson is an invaluable addition to Flower’s board of directors. We sat down with him to uncover what drove him to Flower, what he aims to bring to the table, and his vision for the company and the energy sector in the years ahead. 🔗 Learn more: https://lnkd.in/dSFxEU9N #EnergyTransition #FlexiblePower #FlowerInsights

💪 Building the future of transport requires bold vision, unwavering drive, and the right support. This year at Slush, our partner Jessica Schultz sat down with Robert Falck, CEO and co-founder of Einride, to explore his journey. From the initial vision to now working with some of the world’s largest clients, Robert reflected on the people and milestones that define their growth and tapped into how Einride will continue to drive toward a digital, electric, and autonomous future with governments, technology, and society all needing to play a role in enabling that transition. 💚 They also discussed what it takes to raise capital and empower founders to pursue ambitious goals while navigating the pressures of building something groundbreaking. For Robert, that drive comes from a sense of duty - to do the right thing for society, for the climate, and for future generations. 🎥 Watch a snippet below or the full conversation through the link here👇 https://lnkd.in/ei3uVvwA

🌱 At Northzone, we believe sustainability and ESG are essential drivers of long-term success. In our recent portfolio session, we were joined by Lilian Liu, Founder of Blossom and former Director of Sustainability at Braze, on the topic of Driving Growth Through Sustainability. We explored how responsible scaling can unlock growth opportunities. Key benefits include: 📈 Drive Revenue: Meet customer expectations and boost loyalty through sustainable practices. 💪 Win Talent: Attract top talent by aligning purpose with impact. 🏠 Build Resilience: Stay ahead of regulations (like CSRD) and evolving market dynamics. 📅 Save Costs: Avoid costly pivots later by embedding sustainable practices early. A huge thank you to Lilian for sharing her invaluable insights and to everyone who joined us for the discussion! We’ve wrapped up the insights from the conversation for you below 👇 https://lnkd.in/eUFE2wn3 Sanna Blomkvist

🎉 Yesterday, Spotify Hit Over the $100 Billion Market Cap for the First Time! 🎶 What an incredible milestone for Spotify - a success story that is both brilliant and hard-won. Back in 2018, as the company prepared for its listing, our partner Pär-Jörgen Pärson reflected on the early days of Spotify and its remarkable growth in a blog post. Today, that once seemingly impossible dream has become a reality. Massive congratulations to Daniel Ek, Martin Lorentzon and the entire Spotify team on this historic achievement! 👏🥳 Read the 2018 post below 👇 https://lnkd.in/emjmPR6s

📈 “Growth investing is about finding outliers,” says our Partner, Sanjot Malhi, who heads our Growth fund. But what truly sets these standout companies apart? Watch the short snippet below to learn more 🎬 🌍 In September 2022, we raised our largest fund yet - €1 billion - to invest across all stages, from Seed to Growth. With this full-stack approach, we’ve made key investments, including €50M in Finom, the European SME challenger bank, and $51M in Nivoda, a leading global jewellery marketplace. Discover our insights on identifying top later-stage opportunities in our latest blog post. Click below to read more! 👇 https://lnkd.in/eP5uwb_F

🦃 It’s Thanksgiving week, and in the spirit of celebration, we’re thrilled to share our Partner Molly Alter’s recent blog post titled “The Thanksgiving Theory of SaaS.” Without giving too much away, Molly explores her take on the SaaS sector’s current landscape, its evolution, and how emerging technologies like AI are shaping its future. 🗒️ While breaking down her theory, Molly also highlights the innovative work of our portfolio companies, including Tandem Health, GovDash, Reonic, and Finom. 💡 You might be wondering - what do turkey and condiments have to do with Software as a Service? Click the link below to find out! 👇 https://lnkd.in/eckUckem

💎 We’re excited to share our latest growth investment in Nivoda, the world’s leading B2B diamond marketplace. This $51M Series C, led by Northzone with participation from Avenir, Headline, Abstract Ventures, and Canaan, marks a significant step in the revolution of jewellery trade. 🌎 Since 2017, Nivoda has been simplifying global jewellery trade, enabling businesses of all sizes to grow through technology. With the largest collection of natural and lab-grown diamonds and gemstones, a robust software suite, and innovative financing solutions, Nivoda is transforming the industry for retailers, suppliers, and consumers alike. 🔊 Commenting on the announcement, our Partner Sanjot Malhi shares: “Nivoda has quickly emerged as a category-defining company that powers small retailers around the world. Nivoda is building a truly pioneering technology platform that creates value for all stakeholders across the ecosystem including consumers, suppliers, and retailers. We had the privilege of getting to know Dave and the team for over a year prior to investment and are very excited to partner with them on this journey”.   🤝 Welcome to the portfolio David Sutton, Andre Woons, Jessie Young and the entire Nivoda team! More below👇 https://lnkd.in/eTFx_ZjS Sanjot Malhi, Deepka Rana, Alex A., Naseem M.