Northzone VI holds first close
Northzone Ventures has announced the first close of their new fund, Northzone VI. The fund closed at EUR 90 million and has a target of EUR 150 million. Argentum and Argentum´s investment partners are the funds largest investors and other leading Nordic and International institutional invetsors also participated in the first close.
Northzone was established in 1996 and has raised a total of EUR 445 million in six funds to date. The company has offices in Oslo, Stockholm and Copenhagen and has invested in more than 70 companies since its inception.
In September 2009, Northzone was awarded the "European Venture Capital Fund of the Year" at the Investor Allstars Awards. Northzone is lead investor in high profile growth companies such as Nimsoft, Tobii, Funcom, and Innotech Solar. Previous successes include companies such as Lastminute, Pricerunner, NextGenTel and Trolltech.
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| Date of Transaction | 2010-02-16 |
| Closing | 1st |
| Fund | Northzone VI LP |
| Manager | Northzone Ventures |
| Stage | Venture |
| Location | Norway, Denmark, Sweden, Finland, United Kingdom, RoW |
| Ind. Focus | ICT |
| Fund Size | EUR 85.3m |
| Vintage Year | 2010 |