Investments
193Portfolio Exits
32Funds
10About 83North
83North is a global venture capital firm that invests in European and Israeli entrepreneurs that are creating global businesses across all stages of consumer and enterprise companies. 83North is the sum of the latitudes of London and Tel Aviv - its two main hubs of operation. The firm was founded in 2006 and is based in London, England.
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Latest 83North News
Apr 17, 2023
Floodlight, a smart business account for e-commerce, has announced that it has raised a Seed round of $6.4 million to help entrepreneurs simplify and manage finances. The round was led by Aleph and 83North, with contributions from former Shutterfly CEO and Amazon UK Managing Director, Yuval Samet, CEO of RiseUp and former CPO of Klarna, and Juan Lobato, Founder and CEO of Ebury. The funding comes as Small and Medium Enterprises (SMEs) face a challenging economic climate with increased interest rates and high operational costs. SMEs account for 99% of businesses in the UK and EU, but face many challenges in collecting the siloed financial data they rely on: data today is spread across bank accounts, PayPal, Stripe, Shopify, Klarna, Xero, and others, which often leads to mistakes buried in multiple spreadsheets. Floodlight helps e-commerce SMEs connect financial platforms into one dashboard to manage their finances more efficiently and help them grow their business. (Photo: Adi Lamm) “The community of e-commerce entrepreneurs deserves better than they're getting today,” said Noam Bernstein, Co-Founder and CEO of Floodlight. “We want to give SME leaders the tools they need to grow their businesses with confidence. By providing a seamless financial management solution, we help SMEs overcome their daily challenges while unlocking opportunities to set themselves up for long-term growth.” Floodlight’s solution has dedicated financial insights built from the connections it builds and can provide entrepreneurs and businesses with clarity in their finances, reports on cash flow trends, and helps customers turn their insights into action. “They can better serve their international customers, employees, and providers, and ultimately create more value for their businesses,” he continued. “Our unified solution makes those challenges a breeze.” Related articles:
83North Investments
193 Investments
83North has made 193 investments. Their latest investment was in floLIVE as part of their Series C on September 9, 2023.
83North Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
9/12/2023 | Series C | floLIVE | $47M | No | 2 | |
9/6/2023 | Series C | Ibex | $55M | No | 1 | |
7/19/2023 | Series D - III | LendBuzz | $24.01M | No | 1 | |
5/3/2023 | Series C | |||||
4/17/2023 | Seed VC |
Date | 9/12/2023 | 9/6/2023 | 7/19/2023 | 5/3/2023 | 4/17/2023 |
|---|---|---|---|---|---|
Round | Series C | Series C | Series D - III | Series C | Seed VC |
Company | floLIVE | Ibex | LendBuzz | ||
Amount | $47M | $55M | $24.01M | ||
New? | No | No | No | ||
Co-Investors | |||||
Sources | 2 | 1 | 1 |
83North Portfolio Exits
32 Portfolio Exits
83North has 32 portfolio exits. Their latest portfolio exit was Siemplify on January 04, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
1/4/2022 | Acquired | 52 | |||
11/9/2021 | Acquired | 11 | |||
11/5/2021 | IPO | Public | 3 | ||
83North Fund History
10 Fund Histories
83North has 10 funds, including 83North XI.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
10/3/2022 | 83North XI | $400M | 1 | ||
5/19/2021 | 83North VI | $550M | 2 | ||
10/22/2019 | 83North FXV | Multi-Stage Venture Capital | Open | $101.36M | 1 |
10/7/2019 | 83North V | ||||
4/5/2017 | 83North IV |
Closing Date | 10/3/2022 | 5/19/2021 | 10/22/2019 | 10/7/2019 | 4/5/2017 |
|---|---|---|---|---|---|
Fund | 83North XI | 83North VI | 83North FXV | 83North V | 83North IV |
Fund Type | Multi-Stage Venture Capital | ||||
Status | Open | ||||
Amount | $400M | $550M | $101.36M | ||
Sources | 1 | 2 | 1 |
83North Team
2 Team Members
83North has 2 team members, including current Chief Financial Officer, Rami Fital.
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