Northzone — 2024 Investments

CuspAI develops AI models for materials science and discovery, and leads the AI Materials Foundry initiative that combines accelerated computing infrastructure with chemistry data and materials expertise.

AI & Machine LearningDeep TechNew MaterialsCambridge, GB

MWMax Welling(CTO and Co-Founder)inCEChad Edwards(CEO and Co-Founder)inChad Edwards Max Welling(Founder)

Co-investorsBABasis Set VenturesHOHoxton VenturesKLKleiner PerkinsLILightspeed Venture PartnersNENew Enterprise Associates (NEA)TETemasek+24 more

ClaimSorted delivers claims processing services for insurers, combining claims expertise with proprietary technology to manage claims workflows, detect fraud, and provide policyholders with a branded claims portal and submission interface.

Enterprise SoftwareFintechInsurTechSaaSLondon, GB

PGPavel Gertsberg(CEO)inGMGerman Mikulski(CTO)inFangrui Chen(Associate)

Co-investorsATAtomicoFIfirstminute capitalTRTranspose Platform ManagementY Y CombinatorANAndreessen HorowitzPRPrecursor Ventures

FINOM provides business accounts for companies, offering banking services such as SEPA transfers, deposits, and ATM withdrawals via a physical card across Europe.

Fintech

APAndrew Petrov(Founder)inAPAndrey Petrov(Founder)inKonstantin Stiskin(Founder)Kos Stiskin(Founder)Oleg Laguta(Founder)Yakov Novikov(Founder)

Co-investorsAZAZURO CAPITAL VENTURESBEBegin CapitalCOCogito Capital PartnersCOCold Start VenturesENEntrée CapitalFJFJ Labs+10 more

Berlin-based Flink SE delivers groceries and everyday items from its own dark stores in Germany and the Netherlands.

Christoph Cordes(Founder)Julian Dames(Founder)Nikolas Bullwinkel(Founder)Oliver Merkel(Founder)Rafael Bueno(Founder)Ricardo Rafael(Founder)

Co-investorsBOBond Capital ManagementBTBtomorrow VenturesCHCherry VenturesGEGerman Media PoolLILightspeed Venture PartnersTATarget Global+7 more

Mexican fintech offering a prepaid Mastercard and mobile app with spending insights and money-management features.

Co-investorsACAccelCLClocktower VenturesFIFinnovista VCHIHi VenturesMAMantis CapitalRARaptor Group+5 more

Mimo offers an interactive mobile app for learning software development through guided coding lessons and hands-on projects, serving beginners who want to pursue careers as web, full-stack, Python, or front-end developers.

AI & Machine LearningEdTechVienna, AT

HAHenry Ameseder(Founder)inAlexander Gernandt Segerby(Founder)Alexander Ilic(Founder)Andreas Meisingseth(Founder)Dennis Daume(Founder)Henrik Grim(Founder)

Co-investorsHAHansmann Family OfficePUPUSH VenturesSISilicon GardensTETechstarsPRProject A VenturesPRProject Ventures

Co-investorsINInspired CapitalSUSupernode Ventures

Nivoda operates a B2B marketplace for the jewellery trade, letting businesses source diamonds, lab grown diamonds, and gemstones while handling the operational side of sourcing.

B2B MarketplacesE-commerceFintechLogistics & Supply ChainRetail TechLondon, GB

DSDavid Sutton(Founder)inAWAndre Woons(Founder)inAditya Dugar(Founder)

Co-investorsABAbstract VenturesAVAvenir Growth CapitalCACanaan PartnersENEntrepreneur FirstHEHeadlineHEHeadline Growth Management, LLC+7 more

Reonic is an AI-native platform for renewable energy installers that combines CRM, solar and heat pump system design, quoting with digital signatures, installation management, and a mobile field app in one system.

AI & Machine LearningCleantechSaaS

LSLars-Manuel Schneider(Founder)inTristan Menzinger(Founder)inUdo Sill(Founder)

Co-investorsPOPoint NineSPSpinLabPUPuzzle Ventures

Restate is a lightweight runtime that turns AI agents, workflows, and backend services into durable processes with durable execution, consistent state, and reliable communication.

AI & Machine LearningCloud ComputingDeveloper ToolsSanta Clara, US

ISIgal Shilman(Co-founder)inTRTill Rohrmann(Co-founder)inSEStephan Ewen(Co-Founder)inAFAhmed Farghal(Co-founder)in

Co-investorsESEssence Venture CapitalFIfirstminute capitalRERedpoint VenturesCACapital One VenturesCUCusp CapitalESESSENCE VC+3 more

Spring provides on-chain token distribution and vesting tools for Web3 communities, supporting complex vesting schedules (cliffs, daily, monthly, multi-period), automated token allocation calculations, wallet collection, and a decentralized claim portal.

Crypto & Web3FintechMarketplacesSaaS

SASebastian Almnes(Founder)in

Co-investorsSKSkyfall VenturesSNSNÖ VenturesKRKraken VenturesSOSondo CapitalABAble PartnersGEGeneration Investment Management+7 more

Spring Health is an AI-native platform delivering personalized mental health support through self-guided tools, coaching, therapy, medication management, and specialty care for employers, health plans, and individuals.

AI & Machine LearningDigital HealthHealthtechMental Health

AKApril Koh(Founder)inACAdam Chekroud(Founder)inAbhishek Chandra(Founder)

Co-investorsABAble PartnersBBBBG VenturesCRCrew CapitalEQEQUIAMGIGingerbread CapitalKIKicker Ventures+8 more

Tandem Health builds regulated clinical AI for clinicians and health systems, including an AI scribe that generates clinical documents and diagnosis/procedure codes (ICD-10, SNOMED), a coding assistant, and clinical decision support certified as EU MDR Class IIa medical devices.

AI & Machine LearningDigital HealthHealthtech

LSLukas Saari(Founder)inOliver Astrand(Founder)Oscar Boldt-Christmas(Founder)

Co-investorsGRGROOVE CAPITALIDIdeashipINInception FundKIKinnevikAMAmino CollectiveEQEQT+1 more

TrueLayer operates a Pay by Bank payment network enabling businesses to accept direct bank payments instead of card-based transactions.

FintechLondon, GB

LMLuca Martinetti(Founder)inFSFrancesco Simoneschi(Founder)in

Co-investorsANAnthemis VentureCNCNICOConnect VenturesGRGraph VenturesINInsiders VenturesISIsomer Capital+12 more

Tuza is a banking automation platform that orchestrates AI agents alongside human colleagues and customers to automate manual processes in pricing, data quality, and customer onboarding.

AI & Machine LearningFintechSaaSLondon, GB

EHEd Hardy(CEO)inOSOlivia Stannah(CTO)in

Co-investorsCOConnect VenturesCOConnect VenturesENEntrepreneur FirstCHCharlie SonghurstMMMMC Ventures