83North announces next step in its evolution

Sep 18, 2025

Today, we announce an evolution in our fund’s journey: there will be no succession plan, and we will not be raising new funds in the future.

We are announcing this while also announcing the raising of our last fund, bringing our total current capital available for new investments to about $400m.

This decision did not come easily. It is an intentional choice and the result of deep reflection on what we value most in our work and partnership.

Since our founding in 2006, our approach has always been clear: raise relatively small funds, be a true partner to our entrepreneurs and build lasting relationships. Our lean operation of four equal partners has enabled us to make quick, transparent decisions while remaining deeply involved with our companies.

However, we also recognize that this model, based on trust and openness, is hard to scale – and that’s exactly why it worked for us.

So, after nearly 2 decades of investing, as the time came to consider succession, we decided that rather than compromise our model, this will be our final fund. It was strongly over subscribed by the same LPs that have been supporting us as friends and partners over the last 20 years. It brings our overall capital under management to over 2.4B$

We will focus our efforts on supporting our phenomenal portfolio while continuing to invest in select new companies.

 

Why have we abandoned succession?

  • We love what we do—investing & working closely with exceptional entrepreneurs. We want to allocate 100% of our time to this and don’t want to compromise by also managing others.
  • Our approach is built on trust and openness between the four of us and with our entrepreneurs and investors, which we believe is very hard to scale without compromising what makes it special.
  • While we’ve been fortunate, our goal has always been the growth of our portfolio, not the growth of 83North. We have never focussed on building a brand.
  • We encourage our founders to be bold, embrace change, and think out of the box. We have to do the same….

 

Looking Forward

While this is our final fund, the journey for 83North is far from over. We plan to evolve the brand in new ways, and in the future also on giving back and making an impact beyond venture capital. Our commitment to innovation, supporting extraordinary individuals and making a difference will continue, but in the future it might take different forms. Stay tuned.

We invite new exceptional entrepreneurs to be part of our final few investments as we continue supporting transformative ventures.

As we close this chapter, we do so with immense gratitude. To our entrepreneurs who allowed us to invest and to our investors who have supported us across more than 10 funds and over 19 years – thank you.  Your trust and commitment have been key to our success.

 

Laurel, Arnon, Yoram & Gil