Philosophy
Agile
While our companies are all about scale, our own operation is more of a boutique. Consciously focused on helping our companies, we are a small partnership and avoid raising large funds. With an average of one deal per year per partner, we believe we’re positioned to be entrepreneurs’ closest partners.
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5Investing Partners
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6Funds
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82Companies
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24Exits
Global Category Leaders
Hybris
We met Carsten in 2007, invested personally in Hybris and joined the Board. Later, 83North invested. SAP acquired the company in 2013 for over $1.5B, by which time Hybris was one of the dominant ecommerce s/w vendors in the world.
Wolt
After months of analysis of food delivery in small-mid sized cities, we met Miki and his team at Wolt. They had built unique technology and a company culture, that ensured delivery economics could work in smaller and less competitive cities. in 2021 Wolt completed a $530M growth round.
VIA
Via's SW powers many public transportation services around the world. The company began as a direct B2C service. Later, Daniel and Oren used the technology as the foundation for a B2B service, becoming the category leader in public transportation SW. Via raised its last financing round in 2020 at a 2.2B$ valuation.
Vast
From the first meeting with Renen, when he had only a few slides, we were impressed by his vision and plan to innovate and change the 30 years old storage industry. We have been close partners ever since. Vastdata raised its last round in 2021 at over $3B valuation.
Celonis
Celonis was founded by Alex, Bastian and Martin, and spun out of TUM in 2011. It was bootstrapped until we co-led the Series A in 2016. The company has gone on to become the category leader in big data process mining. Celonis raised its last round in 2021 at a $11B valuation.
Payoneer (NASDAQ: PAYO)
The Payoneer payment platform is trusted by millions of customers worldwide and chosen by leading marketplaces. 83North were the first institutional investor in the company and a close partner to its management team from 2007 when it raised its seed round.
We build long-term relationships
Dov Moran
Managing Partner, Grove Ventures
Dov is one of Israel’s most famous entrepreneurs. He invented the USB drive and sold his company Msystems for 1.6B$ in 2006. Our relationship with him started in 2001 during that ride. Dov is now the managing partner of Grove, an early stage VC firm, and we invest and look at deals together. We also meet for coffee at the same cafe for many years where we tell each other the same jokes for almost 20 years.
Juan Lobato
Co-CEO of Ebury and Venture Partner at 83North
We have known Juan since the early days of Ebury, where he is co-founder and co-CEO. Ebury is one of Europe fastest growing fintechs with revenues in excess of $100M. Ebury is now 50% owned by Santander (sold for approx. $1B valuation). Prior to Ebury Juan was CEO of Beam.ty (a digital distribution network sold to Carlyle private equity). Juan was also a consultant with Mckinsey & Co. in London. Juan is angel investor in over a dozen tech companies across UK, Europe and the US. He is also a venture partner with 83North, specifically helping & co-investing in fintech related companies
Carsten Thoma
Founder of Hybris
We have known Carsten since 2007. He built Hybris from a start-up to a leading ecommerce s/w platform vendor, when it got acquired by SAP for over 1.5B$ (just before going public). Carsten then led SAP Hybris, SAP CRM & Commerce businesses. He has co-invested with us in many companies and sits on several boards. He splits his time between NYC and Switzerland and is considered a world expert in enterprise SW.
Nati Davidi and Uri Alter
Co-Founders of Vdoo
We know Uri and Nati since 2011. They founded Cyvera and grew the company all the way to its acquisition by Palo Alto Networks. Uri and Nati chose to work with us again when they founded VDOO which was successfully acquired by Jfrog in 2021. They are part of 83North’s extended family. This partnership goes far beyond financial investments. Uri and Nati help us assess new opportunities, invest with us and formed personal friendships with us.
Boaz Palgi
Serial Entrepreneur
We have known Boaz for over 20 years, from his first senior position in the storage industry. In 2011 we teamed up with Boaz as his core investors at ScaleIO and served on the board of the company until it was acquired by EMC in 2014.
We recently teamed up again as core investors in his new company.
Mans Hultman
Partner at Zobito
We met Måns in 2003 when he was CEO of Qliktech. He was CEO 2000–2007, and Chairman between 2004–2009, the years that defined QlikTech’s strategy and momentum, leading to a very successful IPO in 2010. During Måns´ tenure as CEO, QlikTech’s sales grew from $2M to $153M. Later Måns co-invested with us and sat on the Board of Hybris. Today Måns is a partner at Zobito, investing in and advising tech companies.
Issy Ben Shaul
CEO of Velostrata
Velostrata was the third time we served on the board of a company founded by Issy. All three were acquired, Actona by Cisco Systems, Wanova by VMware and Velostrata by Google. We are looking forward to his next one.
Entrepreneurs First
"Choosing the right investor, is more than getting the funds, it will be the partner that will go with you in the good and bad moments. Make sure you choose the right one, that can give you valuable advice and support."
"As a sophisticated European founder working with 83North is like wearing a beautiful non show-off watch: it is proven, reliable, guides you through good and bad times and you don't get any of the bullshit that you get from VCs who think they are the stars"
“A lot of funds can bring capital to the table, but very few will be a real support in the CEO major decision junctions. Look for funds like that”
“Good companies have access to capital. It's what comes with this capital that makes 83North fundamentally different than most other funds. Supportive, humble, and always helpful in good times and bad.”
“Contrary to most VCs, 83North didn’t make big promises. Contrary to most VCs, 83North delivered big. We found we could lean on their experience and pattern recognition, and that they’re great people. A lot of VCs waste your time. 83North doesn’t.”
“Our investors are our business partners. We work together in the best interests of the company because the best outcomes take a team to achieve. Seek out that genuine interest. You'll find a business partner who drives results.”