Northzone leads $60m round for Pollen

Also participating in the round were new investor Sienna Capital, and existing investors Draper Esprit, Backed VC and Kindred Capital.

Sweden-based Northzone is currently investing from its €300m Northzone VIII fund, which closed in 2016. This is the firm's second investment in October 2019, following its participation in a series-A for construction-site software company Disperse.

Northzone investment manager Gareth Jefferies and Timo Boldt, founder and CEO of Gousto, have joined the board.

The fresh capital will be used to expand into other product areas such as sports, music and travel. Pollen recently acquired California-based snowboard and ski experiences company Lifestylez.

Previous funding
Pollen joined the London Startup Society in 2015 and went on to raise $10m in funding from Kindred Capital, Frontline Ventures and Backed VC in 2016.

In 2017, all existing investors were joined by Columbia Lake Partners, Elderstreet Investments and Draper Esprit in an $18.5m funding round for the company.

Company
Founded in 2014, Pollen is an invite-only marketplace that enables people to invite their friends to join experiences and share rewards. With a presence in more than 20 countries, Pollen partners with brands including MGM resorts, Lollapalooza and Universal Music Group, and integrates with Ticketmaster, Eventbrite and Stubhub. The company is based in London and employs more than 300 people, according to LinkedIn.

People
Northzone – Gareth Jefferies (investment manager).
Draper Esprit – Nicola McClafferty (investment director).
Pollen – Callum Negus-Fancey (CEO); Liam Negus-Fancey (chief revenue officer).

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