[3] He has dual degrees in Business Administration (BSc) and Engineering Physics (MSc) from Uppsala University.

After facing lawsuits filed by members of the United States' music and motion picture industry, Kazaa was sold to Sharman Networks.

Zennström then founded and was CEO at Joltid, a software company meant to develop and market peer-to-peer solutions and traffic optimization technologies.

Currently, Zennström runs Atomico, a London-based venture capital firm which primarily invests in tech companies.

[8] Zennström was recognized by Time Magazine as one of its 100 Most Influential People in 2006, and has received numerous other awards for innovation and entrepreneurship.

[12] In February 2013, Zennström was awarded H. M. The King's Medal of 12th size with a bright blue ribbon for significant contributions to Swedish industry and society.