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.

  • 5
    Investing Partners
  • 6
    Funds
  • 83
    Companies
  • 28
    Exits

Global Category Leaders

Truly great companies define and lead global categories. To help companies achieve this goal, we work closely with entrepreneurs to define their category and to expand globally. We have operated and invested across the globe for over 20 years, and have built relevant experience and support systems for companies looking to conquer the world.

ironSource (NYSE: IS)

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.

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.

Ebury

Ebury is one of the market leaders providing financial solutions to SMEs to simplify international trade. We led the Series A when there were offices in 2 cities. Ebury now operates in 20 countries and Santander acquired 50% of the business at approx 1B$ valuation in 2020, to help further accelerate its growth.

JustEat (AMS: TKWY)

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.

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.

iZettle

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.

We build long-term relationships

Our founders remain our friends, advisors, and investors throughout the years — and many were friends, advisors, and investors before our work together. This makes our enterprise feel like a family, and creates a flywheel across our portfolio of success, advice, mentorship, and trust.

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.

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.

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 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.

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.

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.

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.

Entrepreneurs First

We don’t tell entrepreneurs how to run their businesses. We believe that entrepreneurs are the ones changing the world, and should take center-stage as they define the future, while we give behind-the-scenes support — advice, connections, experience, and capital — across their journey, from seed to IPO.

“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”

Nikos Moraitakis, Co-Founder & CEO, Workable

"Life is Short, work with people that challenge you and make you laugh all the time"

Horacio Martos, Co-Founder, SocialPoint

"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"

Adrien Nussenbaum, CEO & Co-Founder, Mirakl

“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.”

Eytan Levit & David Katz, Co-Founders, MixTiles

"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."

Andres Bou, Co-Founder, SocialPoint

“83North — they are the real thing. If you are lucky enough get the chance to have them as your investors, you should take it. You'll understand why later.”

Miki Kuusi, Co-Founder & CEO, Wolt