83North

What is 83North?

83North is a venture capital firm headquartered in the UK, focusing on high-potential startups and growth-stage companies in a range of technologically driven sectors.

With $1.8 billion assets under management, they have a rich history of investing in the areas of Software (including Web Marketplace, SaaS), Business Solutions, FinTech and Financial Services, Retail and E-Commerce, Internet of Things (IoT) and Wearables, Web Security and Privacy, Cloud Services and Infrastructure, Developer tools, and Payments.

They are known for their expertise in equity investments, with a commitment to contribute to the development and scaling of their portfolio companies. Their investment strategy includes Seed, Startup, Early Stage, Expansion, and Later Stage ventures, with an emphasis on Later Stage VC, Series A, and Series B funding rounds. 83North typically invests between $1 million and $20 million, with a sweet spot of approximately $6 million for their investments.

They express a clear interest in enterprise software, SaaS, AI, industrial tech, digital health, marketplaces, and enabling technologies, while deliberately avoiding sectors such as drones, customer service chatbots, social networks, ecommerce, game developer tools, VR/AR, agritech, and fashion tech.

Throughout its operation, 83North has supported the creation of 14 unicorns, achieved 33 exits, and invested in over 90 companies. They are a tight-knit team that operates globally, maintaining the same investment philosophy over their 19 years in venture capitalism, which underscores their sustained success and the high esteem in which they are held throughout the industry.