In 2006 was created 83North, which is appeared as VC. The main office of represented VC is situated in the Herzliya. The venture was found in Asia in Israel.
The typical case for the fund is to invest in rounds with 3-4 participants. Despite the 83North, startups are often financed by Viola Ventures, Battery Ventures, Walden Israel Venture Capital. The meaningful sponsors for the fund in investment in the same round are Viola Ventures, Battery Ventures, Vintage Investment Partners. In the next rounds fund is usually obtained by Index Ventures, Viola Ventures, Vintage Investment Partners.
Besides, a startup requires to be at the age of 4-5 years to receive the investment from the fund. The fund has exact preference in a number of founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little. Among the most successful fund investment fields, there are Mobile, Cloud Computing. Among the most popular portfolio startups of the fund, we may highlight IZettle, Just Eat, Marqeta. For fund there is no match between the country of its foundation and the country of its the most frequent investments - United States.
The top amount of exits for fund were in 2018. The important activity for fund was in 2016. Despite it in 2019 the fund had an activity. Opposing the other organizations, this 83North works on 18 percentage points less the average amount of lead investments. The typical startup value when the investment from 83North is 500 millions - 1 billion dollars. The fund is generally included in 13-24 deals every year. The common things for fund are deals in the range of 10 - 50 millions dollars. Speaking about the real fund results, this VC is 0 percentage points less often commits exit comparing to other organizations.
Besides them, we counted 7 critical employees of this fund in our database.
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Discover 5 more decision makers Notable deals
| Company | Industry | Round Size | Date | Investors | Location |
Obligo | 21 Oct 2024 | New York, New York, United States | |||
Form3 | $63M | 10 Sep 2024 | London, England, United Kingdom | ||
Vertice | $26M | 17 Jan 2024 | London, England, United Kingdom | ||
floLIVE | $47M | 12 Sep 2023 | London, England, United Kingdom | ||
Ibex Medical Analytics | $55M | 06 Sep 2023 | Tel Aviv-Yafo, Tel Aviv District, Israel | ||
Floodlight | $6M | 17 Apr 2023 | London, England, United Kingdom | ||
Opsys Tech | $51M | 05 Jan 2023 | Holon, Tel Aviv, Israel | ||
Trigo | $100M | 26 Oct 2022 | Israel, Tel Aviv District, Israel | ||
Podimo | $69M | 14 Sep 2022 | Copenhagen, Capital Region of Denmark, Denmark |
– Five Sigma, an industry leading claims platform provider, has raised $12M in a Series A round led by 83North and featuring existing investors F2 Venture Capital and Pipeline Capital.
– New investors include Eyal Ofer’s O.G. Tech, Xceedance and iGlobe Partners.
– This brings the company’s total funding to date to $18M.
– Five Sigma delivers a cloud-native, data-driven claims management platform with embedded AI/ML capabilities that enables insurance firms to handle customers’ claims better and faster.
– The insurance space is going through major changes with new products, new and evolving business and risk models, and new consumer expectations.
– Five Sigma’s approach to claims management process and claims data addresses these rapid changes and new requirements.
– SellerX, a Berlin, Germany-based Amazon FBA aggregator of third-party e-commerce businesses, raised €100 ($118)m in funding.
– The round was led by the Growth Fund of L Catterton, with participants from Belgian investment company Sofina, as well as existing investors Cherry Ventures, Felix Capital, and 83North.
– The new investment will be used to expand operations and business reach.
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| Company | Industry | Round Size | Date | Investors | Location |
Obligo | 21 Oct 2024 | New York, New York, United States | |||
Form3 | $63M | 10 Sep 2024 | London, England, United Kingdom | ||
Vertice | $26M | 17 Jan 2024 | London, England, United Kingdom | ||
floLIVE | $47M | 12 Sep 2023 | London, England, United Kingdom | ||
Ibex Medical Analytics | $55M | 06 Sep 2023 | Tel Aviv-Yafo, Tel Aviv District, Israel | ||
Floodlight | $6M | 17 Apr 2023 | London, England, United Kingdom | ||
Opsys Tech | $51M | 05 Jan 2023 | Holon, Tel Aviv, Israel | ||
Trigo | $100M | 26 Oct 2022 | Israel, Tel Aviv District, Israel | ||
Podimo | $69M | 14 Sep 2022 | Copenhagen, Capital Region of Denmark, Denmark |
