Fintech

Venture capital firm Northzone secures $500m for new fund

The fundraising completes a busy week for European venture capital investors

Northzone, the venture capital business specialising in European technology investments, has closed its largest fund to date at $500m.

The fund will invest the money in early-stage tech firms in both Europe and the US east coast, adding to a portfolio that includes the likes of Spotify, the music-streaming service, and the payments business Klarna.

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