83North

growth-negative

83North, a prominent Israeli-British venture capital firm, announced it will not raise a new fund, marking the end of its operations. Despite its success in backing major IPOs and acquisitions, including Wolts $8.2 billion sale to DoorDash, the firm will not seek new partners or expand its team. The decision reflects a unique approach in the venture capital industry, focusing on existing portfolio companies rather than expanding. The firm manages $2.2 billion in assets and has been a significant player in the tech investment landscape. The announcement comes amid a broader decline in venture capital fundraising in Israel.

growth-positive

Israeli-founded venture capital firm 83North has closed a new $400 million fund, bringing its total capital under management to over $2.2 billion. This is 83North’s 11th fund and was raised from the same group of Limited Partners who have supported the VC since it started 16 years ago. The VC has invested in close to 90 companies, exited 30 of them, and has been involved with 14 unicorns. 83North has invested in companies globally, including ironSource and Payoneer in Israel, and has had successful exits such as the sale of Wandera and the IPO of Marqeta.

growth-positive

Israeli venture capital firm 83North, the biggest shareholder of Wolt, is set to become a significant shareholder in the merged company as DoorDash acquires Wolt Enterprises in an $8.1 billion deal. 83North led a $30 million funding round in Wolt in 2019 and currently holds a 15% stake worth around $1.2 billion. 83North has invested in numerous European and US companies, with over 20 exits and several unicorn status companies. The VC raised a new $550 million fund in May 2021, bringing its assets under management to $1.8 billion.

growth-positive

Israeli venture capital firm 83North has raised a new $550 million fund, bringing its assets under management to $1.8 billion. The fund is larger than most Israeli VCs and will be used for growth investments. 83North has invested in companies globally, including food delivery giant Wolt. The firm has registered 21 exits, including six in the past two years, and has invested in around 80 companies, with 12 reaching unicorn status. Some of its successful investments include Wandera, Marqeta, Aeroscout, iZettle, and ScalelO.

growth-positive

Israel-based venture capital firm 83North Ltd. has raised a $300 million fifth fund, bringing the firms assets under management to $1.1 billion. The firm, which was formerly known as Greylock IL, invests in both Israeli and European companies. Its portfolio includes companies such as IronSource Ltd., Via Transportation Inc., Just Eat Holding Ltd., Wolt Enterprises Oy, and Foretellix Ltd. The firm does not plan to appoint any additional partners as part of its new fund.

growth-positive

Joe Tucci has joined 83North as a Special Advisor. He will advise the venture capital firm and support its portfolio companies as they scale globally. Tucci was the former CEO and Chairman of EMC Corporation and played a key role in its merger with Dell. 83North is a global venture capital firm that recently closed its fourth fund at $250 million.

growth-positive

83North, a venture capital firm, has appointed David Buttress as a new General Partner. Buttress was previously the CEO of Just Eat and led the company through its global growth. 83North focuses on backing entrepreneurs that create category-leading global companies. The firm has made notable investments in companies such as Hybris, ScaleIO, and Social Point. Buttress will be based in the firms London office and will work alongside the existing General Partners.

growth-positive

83North, a VC firm, has announced a new $250 million fund aimed at technology startups from Europe and Israel. This represents the companys fourth fund in 11 years and its largest to date. The focus of the fund is to help founders scale their businesses across Europe, Israel, and the U.S. The company believes that the UKs exit from the EU presents an opportunity for tech hubs to emerge outside of London. The fund will provide expertise and support to startups in various stages of growth.

growth-positive

Greylock IL, the venture arm of Greylock Partners, is rebranding as 83North and announcing a new $200 million fund to invest in consumer and enterprise technology companies led by European and Israeli entrepreneurs. This is the third fund raised by the entity in 8 years, bringing its total capital under management to over $550 million. The former Greylock IL partners will continue as 83North. Some of the partners in Greylock Partners are among the investors in the new fund. The partners have backed more than 30 companies, including Actifio, AeroScout, Hybris, Just Eat, ScaleIO, SocialPoint, Supersonic, Telit, and Zerto. Wonga, a portfolio company, wrote off £220 million. The rebranding and fund raise indicate growth-positive impact on Greylock Partners.

growth-positive

Greylock Partners is launching a new $160 million fund to invest in internet technology companies in Europe and Israel. The fund will be represented in London by Laurel Bowden and will cover investments from early stage and beyond. This move will provide more financing options for European tech companies. Greylock Partners is known for its investments in Facebook, Groupon, LinkedIn, and Wonga. The new fund specifically targets Europe and Israel, where VC fundraising has fallen off dramatically. Greylock Israel, an affiliate fund of Greylock Partners, will manage the fund.