London, UK- and Tel Aviv, Israel-based venture capital firm 83North closed its fourth fund, at $250m.
Led by investing partners Laurel Bowden, Arnon Dinur, Gil Goren, Erez Ofer and Yoram Snir, who have backed more than 40 companies including Just Eat, Telit, Hybris (acquired by SAP), ScaleIO (acquired by EMC), SocialPoint (acquired by Take-Two), Supersonic (merged with IronSource), Celonis, Mirakl, Via, Wandera, Workable and Zerto, 83North IV will invest in consumer and enterprise technology companies led by European and Israeli entrepreneurs.
Started as Greylock IL, an affiliate fund of Greylock Partners, today 83North is an independent firm investing in European and Israeli entrepreneurs committed to helping them build global companies.
More than half of its portfolio companies having operations in the US.
This latest fund brings total capital under management to $800m.