VC 83North big winner of DoorDash-Wolt deal, stake now worth over $1 billion
The Israeli VC led a $30 million funding round in Wolt in 2019 and is currently the company's biggest shareholder
83North closed its previous fund in 2019, raising $300 million for its fifth fund. Over the past two years, it raised an additional $200 million. Unlike other Israeli funds, 83North has put money in many companies in Europe and the U.S., investing in at least 12 new companies since 2019, taking the total number of companies it has invested in to around 80. 83North has registered over 20 exits in all, including at least six over the past two years, with more than 12 of the companies in which it has invested reaching a unicorn status (valued at over $1 billion). Among the companies 83North has invested in within Israel are the likes of ironSource and Payoneer, as well as CYE, Trigo, Zerto, Via, and many others.Among the company's recent successes are the sale of Wandera to Jamf for $400 million and the IPO of fintech company Marqeta. Other success stories include the sale of Aeroscout (acquired by Stanley Black & Decker), iZettle (acquired by PayPal), and ScalelO (acquired by EMC).