83North

The company operates a traditional venture capital fund management model. It raises closed-end funds from limited partners (such as institutional investors and high net-worth individuals) and invests this pooled capital in equity stakes in early and growth-stage technology companies, primarily in Europe and Israel. Value is created by sourcing and selecting promising technology ventures, supporting their growth over time, and ultimately realising returns via exits such as trade sales, secondary share sales and IPOs. The firm’s success depends on generating capital gains on portfolio companies that exceed the capital committed plus fees, net of losses across the fund portfolio.

83North is a global venture capital firm founded in 2006 and headquartered in the United Kingdom, with a focus on investing in European and Israeli technology entrepreneurs. It was previously known as Greylock IL before rebranding to 83North in 2015 and now manages over $2 billion in capital across multiple funds.

The firm raises capital from institutional and other limited partners and deploys it into equity investments in technology companies, particularly in sectors such as SaaS, fintech, marketing, security and media. Its customers are these institutional LPs, to whom it provides exposure to a diversified portfolio of private technology investments, while working closely with portfolio companies to help them grow and eventually reach value-realising exits.