According to Chain Catcher, The Block reported that the UK venture capital firm Northzone has launched a €1 billion fund, focusing on Web3 and fintech startups.It is reported that Northzone was founded in 1996 and has supported tech startups such as Klarna and Spotify, as well as Web3 companies like crypto infrastructure startup Magic Labs, DeFi protocol Gro Protocol, and Web3 privacy company Sunscreen. Northzone partner Wendy Xiao Schadeck described Web3 as the company's "core sector." (The Block)