Northzone

🦃 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.

🙌 Great to see our portfolio company Katana Cloud Inventory featured in the Sifted 30 - Eastern Europe & Baltics list of fastest-growing startups in 2024! 🚀 🏗️ Katana is revolutionising manufacturing ERP with a modern, flexible platform that helps SMEs efficiently manage production, inventory, and orders. Check out the full list below. 👇 #Sifted30 https://lnkd.in/gZnEB97

🇫🇮 We’ll be at Slush next week! Don’t miss our partner Jessica Schultz’s fireside chat with Robert Falck, CEO and co-founder of our portfolio company, Einride. 🎙️ They’ll discuss the importance of timing when launching new technology - how to determine if the market is ready for your innovation or how to prepare it if it isn’t. Plus, they’ll share insights on how Einride timed its entry into autonomous electric transport and how timing, design, and market shaping fuel its approach to green logistics. 👀 You can also catch Maxine Rior, Markus Gleim, Dominik Esen, Alessandro De Benedetti, William Jilltoft and Aitana Giebels van Bekestein on the ground - be sure to say hi! Full agenda here: https://lnkd.in/eKfvTnsU..

🗞️ Our recent portfolio updates, including our investments in AirForestry, Flower, Nirvana, Reonic and more. It's been a little while since our last roundup, check out our latest one below! 👇 https://lnkd.in/ebptKHNJ 🗓️ Stay up to date by signing up to our monthly newsletter (link in the comments). AirForestry 🇸🇪 is the company revolutionising forest thinning with electric, autonomous drones. We led its €10.3 million Seed round which included participation from investors Sveaskog, Kiko Ventures, CapitalT, Walerud Ventures, SEB, and Cloudbreak VC.    Defacto 🇫🇷 announced the launch of "Defacto Core" - a new Lending-as-a-Service API designed to enhance SMB lending for financial institutions.   Einride 🇸🇪 ’s CEO and founder, Robert Falck was highlighted on the TIME’s list of 100 most influential climate leaders for 2024. Flink 🇸🇪 secured $150m in new funding to drive growth and innovation from new and existing investors such as BOND, REWE, Mubadala and Northzone.   Flower 🇸🇪 is the startup at the forefront of shaping a future powered by renewable energy. We led its €45m Series A round alongside the participation of Giant Ventures, 82an Invest, Sony Innovation Fund; and angel investors Thomas von Koch and Sebastian Knutsson.    Klarna 🇸🇪 is now integrated with Apple Pay in both the US and the UK with plans to expand its availability to other markets.    Kriya 🇬🇧 is officially available on Stripe - they’re the first B2B PayLater solution available in the UK on Stripe’s financial infrastructure platform.   Nirvana 🇺🇸 The startup using an AI-powered platform to bring price transparency to the healthcare market announced its $24.2 million Series A funding round. We led this round with participation from Inspired Capital, Eniac Ventures, and Surface Ventures.   Rayon.design 🇫🇷 has launched its latest software version - Rayon V2!   Red Points 🇪🇸 was recently featured in Forbes’ guide on ‘how patents can help your business grow’ - recognised as an effective tool for swiftly removing online copycats at scale.   Reonic 🇩🇪 the end-to-end software boosting efficiency for SME renewable energy installers announced its €13 million Series A funding round led by Northzone with participation from existing investors Point Nine and Puzzle Ventures.   spektr 🇩🇰 has introduced client onboarding, continuous compliance and case management, now hyper-configurable.   Solvimon 🇳🇱 was recently featured in WIRED’s ‘The Hottest Startups in Amsterdam in 2024’. Tandem Health 🇸🇪 is partnering up with leading Nordic Healthcare provider Aleris to provide their AI journaling technology for 1,000 of their 4,500 medical practitioners across disciplines.   Yonder 🇬🇧 raised £23.4 million to grow its team, launch even better rewards and fast-track its expansion outside the UK. CEO and founder, Tim Chong also shared his insights with Sifted on ‘how to prepare to raise a Series A’.

🎙️ What’s next for European VC? Next week at Web Summit, you’ll catch our partner, Pär-Jörgen Pärson, on stage alongside Eileen Burbidge, Partner at Passion Capital; Rainer Märkle, Partner at HV Capital; and Mike Butcher ✍️, Editor at TechCrunch. Reflecting on the past few years, they’ll discuss how VCs balance caution with opportunity, and what emerging dynamics might shape the landscape of 2025. 👇 Find out more below and see you there! https://lnkd.in/eQrwdewm #websummit

🌼 We are delighted to announce our investment in Flower, the Swedish startup at the forefront of shaping a future powered by renewable energy. We led its €45M Series A round alongside the participation of Giant Ventures, 82an Invest, Sony Innovation Fund; and angel investors Thomas von Koch, Partner at the EQT Group and Founder of King, Sebastian Knutsson. 📈 The European energy market is facing unprecedented demand and rapid growth in renewables, leading to new challenges in grid stability, pricing, and energy volume. Flower tackles these with advanced AI forecasting, multi-market optimisation, and trading software. This new funding round brings Flower's total to €100M, fueling its pan-European expansion. Our partner Pär-Jörgen Pärson who is joining the company’s board adds, “We’re very excited about the team’s pioneering approach to addressing the challenges of renewable energy with cutting edge AI driven optimisation combined with grid level battery systems to transform the grid throughout Europe. We have never seen such a fast moving company”. Thrilled to welcome John Diklev and the Flower team to our portfolio! Learn more below 👇 https://lnkd.in/eu6FtQ4X Pär-Jörgen Pärson, Michelle Nacouzi, Naseem M.

🏠 Inside most of us lives an interior designer/architect (or at least, that’s how we feel here at Northzone) so we’re excited to share our portfolio company, Rayon.design’s latest software version - Rayon V2! ✏️ Rayon brings modern tools to the AEC industry and its launch of V2 is the definite tool to do everything in one place: drafting, stylising, laying out and more. Whether you’re a seasoned professional or simply drawn to the creative process, take a look below 👇 https://lnkd.in/efA6ZbNS Bastien Dolla, Stanislas Chaillou, Michiel Kotting, Michelle Nacouzi

🚀 Our latest perspective on the transformative opportunities within the healthcare industry is out! 🤯 The global healthcare market generates a staggering $21 trillion and only 2% is invested in digital tech - the potential for growth is immense. At our recent AGM in September, our partner Wendy Xiao delved deep into the opportunities emerging within the healthcare industry - a sector ripe for digital revolution. As we embrace AI and digital transformation, we see a path forward that enhances efficiency and aligns incentives across the value chain. We gathered our insights and included a short recording of Wendy’s presentation in the link below! 👇 https://lnkd.in/eFvN8u45

🎙️ Recently, our partner Molly Alter sat down with Molly O'Shea from Sourcery to look back on her journey as an investor - covering everything from founder qualities and VC biases to what she’s learned along the way. She shared her thoughts on the differences between the US and European tech scenes, and why she’s excited about the future of vertical AI, software for hardware, and workflow SaaS. And also delved into Northzone's meritocratic, founder-friendly approach in balancing investments between the US and Europe. 📈 Check out the full podcast through the link in the comments 👇