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.
Global Category Leaders
iZettle was founded by Magnus and Jacob in 2010. We invested early in the company’s trajectory to revolutionize mobile payments with the world’s first mini chip card reader and software for mobile devices. iZettle was bought by Paypal in 2018 for $2.2B.
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. Wolt completed a funding round in 2020 at a 1B Euro valuation
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 a 30 years old storage industry. We have been close partners ever since. Vastdata raised its last round in 2020 at over $1B valuation.
Marqeta started as a B2C payments platform in 2010. The first years were tough. But the company pivoted to a B2B strategy, creating and leading the multibillion-dollar category of Modern Cards Issuing. Marqeta raised its last round in 2020 at a 4.3B$ valuation.
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 2019 at a $2.5B valuation.
Via's SW powers many public transportation services around the world. The company began as a direct B2C service. Later, Daniel and Oren used the technology as the foundation for a B2B service, becoming the category leader in public transportation SW. Via raised its last financing round in 2020 at a 2.2B$ valuation.
We build long-term relationships
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
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 $153M. Later Måns co-invested with us and sat on the Board of Hybris. Today Måns is a partner at Zobito, investing in and advising tech companies.
We have known Boaz for over 20 years, from his first senior position in the storage industry. In 2011 we teamed up with Boaz as his core investors at ScaleIO and served on the board of the company until it was acquired by EMC in 2014.
We recently teamed up again as core investors in his new company.
Founder of Hybris
We have known Carsten since 2007. He built Hybris from a start-up to a leading ecommerce s/w platform vendor, when it got acquired by SAP for over 1.5B$ (just before going public). Carsten then led SAP Hybris, SAP CRM & Commerce businesses. He is now a Venture Partner with 83North, co-investing with us in many companies and sitting on some boards. He splits his time between NYC and Switzerland and is considered a world expert in enterprise SW.
7. 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.
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.
Former CEO of Just Eat and Venture Partner at 83North
David was the CEO of JustEat, where 83North was an early investor. Through operational excellence and a series of global acquisitions, he consolidated its market leadership and took it public into what is now a 7B$ market cap leader in food delivery. After leaving Just Eat David joined 83North as a Venture Partner.
"No entrepreneurial journey is ever a straight line. It is very important to have the right people in your corner, partners that support you, with their eyes on the long term. Picking the right shareholders is one of the most important decisions for every entrepreneur, and many aspects are easy to overlook when fundraising. 83North has always been a great partner for us at Celonis and it is great to work with them!"
"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"
“Boards could be a complete waste of time, or a source of inspiration - all depends on the people around the table. Best advice to entrepreneurs - choose your investors well...make your own DD....”
"While most investors stay above the fray, the ones at 83North jump into the trenches and help carry the load. They understand that's where real value is created."
“Deep tech companies require leadership that can balance business strategies with technology vision, I find both in 83North”
“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.”