TechFlow news, according to The Block, UK-based venture capital firm Northzone has launched a €1 billion (approximately $1.014 billion) fund focused on investing in crypto and fintech startups. Wendy Xiao Schadeck, partner at Northzone, described Web3 as a "core sector" for the firm.
Xiao Schadeck said that Northzone has the infrastructure to support startups through equity investments and token sales, and has previously participated in token staking. She also indicated the firm is open to investing in decentralized autonomous organizations (DAOs) when appropriate. When asked whether Northzone would follow other European VCs such as Aglaé Ventures and Cherry Ventures in launching a dedicated crypto fund, Xiao Schadeck said it remains undecided.
Founded in 1996, Northzone is a firm dedicated to investing in technology companies. It has previously backed tech startups including Klarna and Spotify, as well as Web3 firms such as Magic Labs, Gro Protocol, and Sunscreen.Original link
