VC 83North, investor of ironSource and Payoneer, raises new $550 million fund
The Israeli firm, which will take its assets under management to $1.8 billion, has registered 21 exits in all, including six over the past two years
Meir Orbach | 10:44 19.05.2021
Israeli venture capital firm 83North has raised a new $550 million fund. This is the VCs sixth fund and will take its assets under management to $1.8 billion. The new fund is especially large by Israeli standards, with most local VCs settling for up to $300 million for growth funds due to the concern that they might not be able to provide quality returns on such a massive fund. Jerusalem Ventures Partners (JVP) is also currently in the process of raising a $450 million growth fund. 83North's investing team is led by four partners, Laurel Bowden, Gil Goren, Arnon Dinur, and Yoram Snir. The partners operate out of offices in London and Tel Aviv and invest in companies across the world. One of the companies 83North is invested in is food delivery giant Wolt.