Venture Capital Firm 83North Raises $550 Million for Sixth Fund
83North has offices in Tel Aviv.
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Venture capital firm 83North Ltd. has raised $550 million for its sixth investment fund to back European and Israeli entrepreneurs, taking advantage of what it says is a maturing market for technology companies in those markets as investments pour in.
The group, with offices in Tel Aviv and London, now has more than $1.8 billion in capital under management, the partners said in an interview. It will use the new money to invest in startups across sectors such as health care and automation and put additional growth funds into its existing portfolio.