Why Northzone: Interviews, Careers, & Portfolio

Northzone Overview

Northzone is a venture capital firm which supports founders from Seed stage to Growth across the US and Europe.

The firm typically invests in the software, healthcare, hardware, semiconductors, blockchain, gaming, and artificial intelligence industries.

Northzone’s investments typically range between €1 million and €40 million.

According to the firm, they’ve made more than 175 investments since inception and already overcame two financial crises.

Northzone was established in Oslo back in 1996. Currently, their headquarters is located in London, England, with additional offices in New York and across the Nordics.

Northzone AUM

According to Northzone’s official website, the firm has approximately €1 billion in assets under management as of September 2022.

Northzone Interview Process & Questions

Despite the changes in the interview changes for each candidate, the general nature of the process stays the same for the most part. In fact, you can anticipate the following:

• Interview rounds: 4-6
• Initial interviews are supervised by junior professionals, while later rounds are handled by more senior folks
• Unless it’s on-campus or on-cycle recruiting, expect that the entire process will last for multiple weeks

Get ready to answer a mixture of behavioral questions, technical questions, and fit questions when you interview at Northzone.

To help you with preparation, I’ve created a Growth Equity Interview Guide. Feel free to check it out.

Why Northzone

One of the questions you must prepare for is the “Why this firm” question.

If you’ve met employees at the firm during your networking efforts, make sure to mention them and how their experiences and testimonies helped in choosing their firm.

Also, do your homework and research the firm. You can try listening to interviews with its founders, management team, and investors to get to know them better.

For starters, here’s Michiel Kotting, partner at Northzone, discussing technological developments over the last decade:

More Interviews

• The European VC’s interview with Michiel Kotting, Partner at Northzone
• Capital On Stage with Michiel Kotting of Northzone

Northzone Case Study

Communication skills and technical knowledge are two traits that investment firms highly value. To evaluate these, firms like Northzone ask candidates to perform case studies.

Most case studies will have you do financial modeling and investment recommendations. But for junior roles, a cold calling case study may also be part of the process.

Check out my Growth Equity Interview Guide if you need more help regarding case studies.

Northzone Salary & Compensation

According to Glassdoor, associates at Northzone have a median total pay of $142,000, while there’s no recent data for analyst hires.

Keep in mind that individual salaries can still vary depending on many factors such as job position, department, location, and individual’s unique background (education, certifications, skills, and so on).

Associate

Northzone Careers, Jobs, & Internships

View open roles at Northzone inside our job board where we also feature all open roles for similar firms.

Northzone Portfolio & Investments

According to Crunchbase, Northzone made 288 investments and raised 10 funds. Some of their notable deals include Jow, Salus, and Defacto.

Notable Transaction: Finom

Finom is an Amsterdam-based digital banking solution for entrepreneurs and SMEs.

Their banking tools help businesses to easily open accounts, streamline payment processing, online banking, expense management, and invoicing.

Since its founding in 2020, Finom has quickly become one of the leading neobanks which specializes in SMEs.

SMEs are the “backbone” of the European economy, so in just under four years of excellent performance, Finom has built a customer base of 85,000 individual entrepreneurs and SMEs.

In February 2024, Northzone, alongside General Catalyst, raised €50 million in a Series B round for Finom, and helped the Company to keep its strong position in its market in Germany while expanding across Spain, France, the Netherlands, and the rest of Europe.

Next Steps

If you decide to send your application and build your investing career at Northzone, I would highly recommend that you check out my Growth Equity Interview Guide first before attending interviews.

Growth Equity Interview Guide helps professionals get a good grasp of topics that are typically covered during interviews such as financial modeling, case studies, and more. Check it out and start learning today!