We are delighted to announce the closing of our latest fund. Northzone VIII was oversubscribed at a target of €350 million, making it our biggest fund to date.
This follows an exceptionally busy year for us, with new investments in companies like Zervant, CornerJob, Distribusion Lesara, Universal Avenue and MarketInvoice. We have also had a number of exits including the successful IPO of Tobii, and the sale of Avito in one of the largest venture-backed tech M&A deals in Europe.
We have strengthened our team, with Michiel Kotting joining as Partner from Accel in London, and Jessica Nilsson being promoted to Partner in Stockholm. Christopher Steinau, co-founder of Uncover, joins the London office and Wendy Xiao Schadeck, co-founder of CoHatchery, in New York.
Despite the turbulent market conditions, this has been our fastest fundraise ever, coming on the tail of a great year returning significant funds to our investors. For the past 20 years we had the honour of being chosen as a partner for growth by entrepreneurs who have had a transformative effect on the European tech scene. This new fund enables us to continue our work supporting the best companies, and we are very excited about the levels of innovation we are seeing.
Read more in: