Share this article
Venture-Capital Firm Northzone Raises $1B Fund for Fintech, Web3 Investments
Web3 is a "core sector" for the firm, one Northzone partner told the Block.
Updated May 11, 2023, 4:18 p.m. Published Sep 13, 2022, 9:13 a.m.
U.K. venture-capital firm Northzone has raised a 1 billion euro ($1.01 billion) fund to invest in innovative technology such as crypto, according to a press release on Tuesday.
- The London-based firm will use the money to support crypto and fintech startups, the Block reported. Web3 is a "core sector" for the firm, Wendy Xiao Schadeck, a partner at Northzone, told the Block. Web3 refers to the third generation of internet services driven by blockchain technology.
- This isn't the first time Northzone has looked to invest in crypto. In July 2021, Northzone led a $27 million funding round for Magic Numbers, an Ethereum-based authentication platform. Around the same time, the firm contributed to a $20 million funding round for Livepeer, a decentralized video transcoding platform also built on the Ethereum blockchain.
- Northzone didn't immediately respond to request for further details.
Plus pour vous
Ce qu'il:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Plus pour vous
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
Ce qu'il:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
