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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4Investing Partners
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5Funds
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12Unicorns
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20Exited
Global Category Leaders
Mirakl
Philippe and Adrien founded Mirakl, with the ambition to enable the marketplace revolution that will transform the traditional e-commerce landscape. We invested early in the journey in 2015. By 2019, over $1B in GMV was sold through the Mirakl’s customers’ marketplaces.
Marqeta
Marqeta started as a B2C payments platform in 2010. The first years were tough. But the company pivoted to a B2B strategy, creating and leading the multibillion-dollar category of Modern Cards Issuing. Marqeta raised its last round in 2020 at a 4.3B$ valuation.
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 a 30 years old storage industry. We have been close partners ever since. Vastdata raised its last round in 2020 at over $1B valuation.
ironSource
83North joined the IronSource journey in 2016 when IronSource and SupersonicAds merged to create the powerhouse it is today when it comes to monetization technologies for the most engaged media properties in the world. 83North were the first and largest investors in SupersonicAds.
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.
JustEat
We invested in Just Eat in 2011, in the early days of online food delivery, when the company’s revenue was less than £20m. Just Eat grew to be the market leader in Europe and Brazil, and IPO’d on the LSE in 2014, at revenue run rate of over £100m and valuation of £1.5B, which grew to over £5B.
We build long-term relationships
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 $153M. Later Måns co-invested with us and sat on the Board of Hybris. Today Måns is a partner at Zobito, investing in and advising tech companies.
Carsten Thoma
Founder of Hybris
We have known Carsten since 2007. He built Hybris from a start-up to a leading ecommerce s/w platform vendor, when it got acquired by SAP for over 1.5B$ (just before going public). Carsten then led SAP Hybris, SAP CRM & Commerce businesses. He 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.
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. $1B valuation). Prior to Ebury Juan was CEO of Beam.ty (a digital distribution network sold to Carlyle private equity). Juan was also a consultant with Mckinsey & Co. in London. Juan is angel investor in over a dozen tech companies across UK, Europe and the US. He is also a venture partner with 83North, specifically helping & co-investing in fintech related companies
Nati Davidi and Uri Alter
Co-Founders of Vdoo
We know Uri and Nati since 2011. They founded Cyvera and grew the company all the way to its acquisition by Palo Alto Networks. Uri and Nati chose to work with us again when they founded VDOO. They are part of 83North’s extended family. This partnership goes far beyond financial investment. Uri and Nati help us assess new opportunities, invest with us and formed personal friendships with us.
David Buttress
Former CEO of Just Eat and Venture Partner at 83North
David was the CEO of JustEat, where 83North was an early investor. Through operational excellence and a series of global acquisitions, he consolidated its market leadership and took it public into what is now a 7B$ market cap leader in food delivery. After leaving Just Eat David joined 83North as a Venture Partner.
Entrepreneurs First
“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”
“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.”
"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!"
"It's a real pleasure to work with 83North, and to have them on our board.
Their approach is always full of humility, constructive and supportive.
They have a rich experience and a real understanding of entrepreneurs’ issues and challenges for fast-growing start ups."
"Life is Short, work with people that challenge you and make you laugh all the time"
"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"