83North kondigt nieuwe fondsenwerving van $ 300 miljoen aan
Overingetekend 83North V brengt het totale beheerde kapitaal op meer dan $ 1,1 miljard
LONDEN & TEL AVIV, Israël (BUSINESS WIRE) – 83North, de internationale durfkapitaalfirma, kondigde vandaag aan dat het een overinschrijving van $300 miljoen heeft voltooid, waardoor het totale kapitaal onder beheer op meer dan $1,1 miljard is gekomen. Voortbouwend op het succes van haar bestaande fondsen, zal 83North het nieuwe kapitaal inzetten voor de beste en slimste bedrijven op het gebied van consumenten- en bedrijfstechnologie, geleid door ambitieuze Europese en Israëlische ondernemers.
Met het hoofdkantoor in Londen en Tel Aviv heeft het vijfkoppige 83Nord-team samengewerkt met de meest ambitieuze oprichters van de regio om marktleidende technologiebedrijven op te zetten. Laurel Bowden, Arnon Dinur, Gil Goren, Erez Ofer en Yoram Snir hebben meer dan 70 bedrijven ondersteund, waaronder Aeroscout (overgenomen door Stanley Black & Decker), Bluevine, Celonis, Ebury, Hybris (overgenomen door SAP), IronSource, iZettle (overgenomen door Paypal), Just Eat, Logz.io, Marqeta, Mirakl, ScaleIO (overgenomen door EMC), SocialPoint (overgenomen door Take-Two Interactive), Vast Data, Via, Wolt en Zerto.
83North Announces New $300 Million Fund Raising
Oversubscribed 83North V brings total capital under management to over $1.1 billion
LONDON & TEL AVIV, Israel–(BUSINESS WIRE)– 83North, the international venture capital firm, today announced that it has completed an oversubscribed $300 million fund raising, bringing total capital under management to over $1.1 billion. Building upon the success of its existing funds, 83North will deploy the new capital with the best and brightest consumer and enterprise technology companies led by aspiring European and Israeli entrepreneurs.
Headquartered in London and Tel Aviv, the five-strong 83North team has worked with the region’s most ambitious founders to create market-leading technology businesses. Laurel Bowden, Arnon Dinur, Gil Goren, Erez Ofer and Yoram Snir have backed more than 70 companies including Aeroscout (acquired by Stanley Black & Decker), Bluevine, Celonis, Ebury, Hybris (acquired by SAP), IronSource, iZettle (acquired by Paypal), Just Eat, Logz.io, Marqeta, Mirakl, ScaleIO (acquired by EMC), SocialPoint (acquired by Take-Two Interactive), Vast Data, Via, Wolt and Zerto.
The new capital demonstrates the on-going appeal of the firm’s unique model: providing a breadth of expertise and on-the-ground support in three strategic regions – Europe, Israel and the United States. 83North has an unrivalled ability to help founders successfully scale their businesses across these three markets.
“We continue to invest in all stages, where we work side-by-side with founding teams to build companies and help them scale globally. Our model gives us access to some of the best talent in the world, meaning that we can add value by exposing entrepreneurs to the best practices in each domain,” said Laurel Bowden, Partner at 83North in London. “Our enterprise software portfolio is a testament to this model, with companies such as Celonis founded in Germany, Siemplify founded in Tel Aviv and Via – all now operating in NYC. Other examples include Mirakl, which was founded in France, Logz.io founded in Tel Aviv and TIS founded in Germany – all now having a presence in Boston.”
“We remain focused on several core domains of expertise” said Gil Goren, Partner at 83North in Tel Aviv. “Data Center and Cloud, Enterprise software, Marketplaces and Fintech are areas where we have developed world class expertise and invested in clusters of leading companies. We are also fortunate to back exceptional entrepreneurs in new and emerging areas such as IOT (with recent investments in Wiliot and VDOO) and have a growing interest in the intersection of IT and healthcare as well as vertical SaaS applications.”
About 83North
83North is a global venture capital firm. The firm invests across all stages, in exceptional entrepreneurs focusing on building global category leading companies.
For more information visit www.83north.com and follow @83NorthVC on Twitter.
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