{"id":17242,"date":"2023-03-29T01:00:00","date_gmt":"2023-03-29T01:00:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4054326_AE54326_0"},"modified":"2023-03-29T01:00:00","modified_gmt":"2023-03-29T01:00:00","slug":"thrive-alternatives-northzone-closes-oversubscribed-fundraise-exceeding-e1-billion","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=17242","title":{"rendered":"Thrive Alternatives: Northzone Closes Oversubscribed Fundraise Exceeding \u20ac1 Billion"},"content":{"rendered":"<p><span class=\"xn-location\">LONDON<\/span>, <span class=\"xn-chron\">March 29, 2023<\/span> \/PRNewswire\/ &#8212; Thrive Alternatives is proud to be the exclusive placement agent in <span class=\"xn-location\">Asia Pacific<\/span> for Northzone, a leading European VC and Growth firm.<\/p>\n<p>Northzone announces its largest fundraise to date: more than \u20ac1bn to invest in the next generation of changemakers. Between the global climate crisis and social, macroeconomic, and political uncertainty, Northzone believes technological innovation will continue to be the silver lining that delivers real societal growth. Now more than ever, the Firm looks to entrepreneurs who are building a mindful, innovative future; and founders have proven many times that they thrive in turbulent times.<\/p>\n<p>&#8220;We are delighted by the support that we received for this fundraising and are grateful for the continued support from our investors. Thrive Alternatives is a professional placement advisor and did a fantastic job in helping us navigate the <span class=\"xn-location\">Asia Pacific<\/span> region in a thoughtful and strategic way&#8221; said Amit&nbsp;Sanghvi, Head&nbsp;of&nbsp;Investor Relations&nbsp;at&nbsp;Northzone.&nbsp;&#8220;We&nbsp;are&nbsp;confident to&nbsp;deliver&nbsp;outperformance for our investors, even under the continued volatile macro environment.&#8221;<\/p>\n<p>&#8220;It was a real pleasure working with the Northzone team who brings superior knowledge and access to the European tech ecosystem, and have a lot of foresight and a clever portfolio construction strategy,&#8221; said <span class=\"xn-person\">Gianluca D&#8217;Angelo<\/span>, CEO and Co-Founder of Thrive.<\/p>\n<p>&#8220;This is the first time Northzone has run a formal fundraising campaign in <span class=\"xn-location\">Asia Pacific<\/span>, and the investors in the region were really impressed by the track record, history, and caliber of the team,&#8221; said <span class=\"xn-person\">Jackson Chan<\/span>, CEO and Co-Founder of Thrive.<\/p>\n<p>&#8220;Northzone&nbsp;is&nbsp;grateful to&nbsp;our&nbsp;entrepreneurs&nbsp;and&nbsp;LPs&nbsp;from&nbsp;around the&nbsp;globe&nbsp;for&nbsp;doubling&nbsp;down&nbsp;on&nbsp;this journey with them. Reflecting on the scale of the opportunity ahead, Northzone will continue to be long-term partners to founders, focusing on opportunities across <span class=\"xn-location\">Europe<\/span> and the US, from Seed through to IPO.&nbsp;The Firm&nbsp;will continue&nbsp;to invest&nbsp;in&nbsp;existing verticals&nbsp;such&nbsp;as&nbsp;fintech, healthtech, SaaS, and consumer. Many of the entrepreneurs Northzone has yet to meet will build their own business category through this fund cycle&#8221;, added Northzone when asked about the fundraise.<\/p>\n<p><b>About&nbsp;Northzone<\/b><\/p>\n<p>Northzone Ventures (&#8220;Northzone&#8221;) is a leading European tech VC and Growth manager with a focus on <span class=\"xn-location\">Europe<\/span> and US. Founded in 1996, Northzone recently fundraised \u20ac1bn to invest from Seed to Growth, and is led by seven experienced investment Partners with a strong meritocratic culture and fund management discipline. The firm has a 27-year track record of backing <span class=\"xn-location\">Europe&#8217;s<\/span> top digital talent.<\/p>\n<p><b>About&nbsp;Thrive&nbsp;Alternatives<\/b><\/p>\n<p>Thrive Alternatives is a global GP advisory firm powered by proprietary technology with deep Asian roots, built to serve the evolving needs of best-in-class private market managers globally. By leveraging its technology, an ever-evolving 20-year industry network, premier access to the Asian market and the brain power of its&nbsp;veteran&nbsp;team, Thrive delivers thoughtful&nbsp;and effective solutions&nbsp;to GP fundraising and liquidity needs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON, March 29, 2023 \/PRNewswire\/ &#8212; Thrive Alternatives is proud to be the exclusive placement agent in Asia Pacific for Northzone, a leading European VC and Growth firm. Northzone announces its largest fundraise to date: more than \u20ac1bn to invest in the next generation of changemakers. Between the global climate crisis and social, macroeconomic, and [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-17242","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Thrive Alternatives: Northzone Closes Oversubscribed Fundraise Exceeding \u20ac1 Billion - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=17242\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Thrive Alternatives: Northzone Closes Oversubscribed Fundraise Exceeding \u20ac1 Billion - My Blog\" \/>\n<meta property=\"og:description\" content=\"LONDON, March 29, 2023 \/PRNewswire\/ &#8212; Thrive Alternatives is proud to be the exclusive placement agent in Asia Pacific for Northzone, a leading European VC and Growth firm. 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