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83North

Investor type Venture Capital

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 216
Average round size
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The average size of a deal this fund participated in
$40M
Portfolio companies 72
Rounds per year 12.71
Lead investments 34
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.66
Exits 21
Key employees 7
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Software
  • FinTech
  • Enterprise Software
  • Information Technology
  • SaaS
Summary

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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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of 83North:
Typical Co-investors
83North is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after 83North:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Opsys Tech

Hardware
Information Technology
Manufacturing
$36M05 Jan 2023 Holon, Tel Aviv, Israel

Trigo Vision

Information Technology
Retail
Retail Technology
$100M26 Oct 2022 Tel Aviv, Tel Aviv, Israel

Podimo

Audio
Content
Digital Entertainment
Podcast
$69M14 Sep 2022 Copenhagen, Capital Region of Denmark, Denmark

Vertice

SaaS
Software
$26M19 May 2022 London, England, United Kingdom

Keelvar

Procurement
SaaS
Software
$27M16 May 2022 Cork, County Cork, Ireland

Paddle

Apps
B2B
Internet
Payments
SaaS
Software
$200M09 May 2022 London, England, United Kingdom

LinearB

Analytics
Information Technology
Machine Learning
Software
$50M02 May 2022 Los Angeles, California, United States

Wandelbots

Human Computer Interaction
Industrial Automation
Machine Learning
Robotics
Wearables
$84M25 Jan 2022 Dresden, Saxony, Germany

Landa

Apps
Real Estate
$25M23 Jan 2022 New York, New York, United States
News
Insuretech Innovator, Five Sigma, Raises $12 Million to Accelerate Growth and Expansion Plans

– 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 Raises €100M in Funding

– 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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