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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73Deals
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11Valued at more than 1B$
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5Funds
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19Exited
Global Category Leaders
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.
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 API for Cards Issuing and Processing. Marqeta raised its last round in 2020 at a 4.3B$ valuation.
Payoneer
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.
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.
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. Wolt completed a funding round in 2020 at a 1B Euro 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.
We build long-term relationships
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.
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.
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.
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.
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. $1B valuation). Prior to Ebury Juan was CEO of Beam.ty (a digital distribution network sold to Carlyle private equity). Juan was also a consultant with Mckinsey & Co. in London. Juan is angel investor in over a dozen tech companies across UK, Europe and the US. He is also a venture partner with 83North, specifically helping & co-investing in fintech related companies
Dov Moran
Managing Partner, Grove Ventures
Dov is one of Israel’s most famous entrepreneurs. He invented the USB drive and sold his company Msystems for 1.6B$ 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.
Entrepreneurs First
“We were looking for a founder friendly VC with a strong team, based in Europe, with strong experience and many significant exits in software. 83North stood clearly apart”
“Deep tech companies require leadership that can balance business strategies with technology vision, I find both in 83North”
“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.”
“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.”
“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.”
"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."