SA国际传媒

On the heels of Angular Capital’s new fund, another Europe-based investment pool has been announced. , most famous for on , has put together that will add more fuel to the global startup boom, even as some doubt creeps back into Startupland itself.

Northzone’s new fund will focus on “early-stage innovative consumer and enterprise companies across Europe and the US East Coast” . The investing group puts capital to work in the early stages of the startup market, after Seed and before growth-stage investors take the baton.

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The new fund is Northzone’s largest to date. The investing company’s first fund was a raised in 1997. That capital collection was followed by two more funds in the 90’s ( and ). In 2003, according to SA国际传媒 data, Northzone . That was its last fund under the nine-figure mark. A in 2006 was followed by in 2010. Then in 2014 and 2016 Northzone and , respectively.

Northzone is not the only fund we鈥檝e seen raise record capital recently; it鈥檚 become a theme for venture groups to raise ever-larger capital pools to invest from as startups stay private longer, and competition for attractive deals has grown.

The group’s latest fund is not the only European-focused fund recently on the market. ‘s also made headlines. Similar to Northzone, Balderton is an early-stage investor with a focus on both Series A rounds and the EU market.

Europe

Anecdotally we’re seeing optimism regarding the European startup scene, at least from a venture perspective. TechCrunch reporter said that it was the fourth new EU-focused venture fund that he’d covered in a week, for example. (It on Europe.)

The data bears out the point. Of the in Europe worth $50 million or more, 243 have been raised in 2019, or just under 20 percent.聽That one in five larger venture rounds in Europe’s history have been raised inside the last 12 months is notable.

Raising the stakes to $100 million, we can find record in Europe from any time period. Of those, 135 have been announced so far this year. That’s nearly 22 percent, an even greater share of the historical total than what we saw at the $50 million threshold.

From a venture perspective, then, Europe-based startups have good access to capital in both large, and very large doses. And with Northzone and Balderton out in the market with new, early-stage focused funds it must be good times to be a startup based inside the Schengen Area.

Illustration: .