Compensation

Northzone (Web3)

Check: No current personal check range or active fund mandate is public. Historical Northzone investments include seed and Series A through later follow-ons, but third-party Northzone range estimates are stale and do not establish present authority. Confirm current capacity directly.

At Northzone, Markus invested across enterprise applications, infrastructure, developer products and healthcare, with a strong DACH footprint. His operating experience at digital-health company Kry shaped an appetite for founders modernizing regulated markets despite entrenched incentives. Later deals show a widening lens: Reonic digitizes renewable-energy installers; Duvo automates exception-heavy retail operations; CuspAI applies generative models and physics to materials discovery; Black Forest Labs builds frontier visual intelligence. Across them, the common pattern is deep domain experience, a clear operational bottleneck and software or AI that changes an established value chain.