Rabo Frontier Ventures to extend its cooperation with Northzone through an investment in their new fund
Rabo Frontier Ventures (“RFV”) has invested in Northzone’s brand new fund, Northzone Conviction 1, and therewith extend their partnership to invest in (disruptive) tech companies. The investment vehicle has the strategy to invest in the best-performing companies of Northzone’s early stage portfolio’s.
“With RFV we follow the strategy to cooperate with the best VC funds in order to strengthen our direct investment activity. The investment of RFV in Northzone back in 2019 has been fundamental for the creation of our fund of funds investment platform, hence backing Northzone’s first Conviction fund was a no-brainer, especially in light of our goal to be a lifecycle partner and value-add LP for the funds that we back. Together with Northzone we will continue to deploy capital in Europe’s most promising companies”, says managing partner RFV Jeroen van Doornik.
The fund has already made several investments that are showing strong traction. Some examples are: Personio, an HR product suite, specifically designed for SMEs, Hopin, Europe’s fastest growing tech company that provides an online event platform, Wagestream an enterprise software tool that provides employees the ability to access, track, save and manage earned wages, and Truelayer which allows fintechs and financial institutions to unlock the power of open banking.
Rabo Frontier Ventures
RFV is a €150 million investment fund of Rabobank, focusing globally on innovative Fintech and Agtech companies. RFV aims to invest directly in the early growth stage (series B) of companies that are disrupting or influencing the current business of Rabobank and indirect in leading general tech funds such as Greyhound Capital, Holtzbrinck, Northzone, Speedinvest and Valar Ventures.