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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80Companies
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24Exits
Global Category Leaders
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 2021 at over $3B valuation.
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.
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.
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. Mirakl raised $300m at $1.5B valuation in Sep 2020.
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.
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 $11B valuation.
We build long-term relationships
Issy Ben Shaul
CEO of Velostrata
Velostrata was the third time we served on the board of a company founded by Issy. All three were acquired, Actona by Cisco Systems, Wanova by VMware and Velostrata by Google. We are looking forward to his next one.
Dov Moran
Managing Partner, Grove Ventures
Dov is one of Israel’s most famous entrepreneurs. He invented the USB drive and sold his company Msystems for 1.6B$ 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.
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.
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.
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.
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.
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
Entrepreneurs First
“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....”
"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!"
"Life is Short, work with people that challenge you and make you laugh all the time"
"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."
"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"
“83North was intrigued and excited about our vision to revolutionize payments for mobile devices. We all knew this would be a long and hard road, but they supported us at every step.”