Since it first fund raiser in 2006, 83North has invested in 70 companies and made 15 exits, three of which were in unicorns – startups that have been valued at more than $1 billion.
On Monday, 83North, a London-based venture capital firm stated, it had raised $300 million for a new fund targeting European and Israeli consumer and enterprise technology firms.
In a statement 83North said, its latest fund-raising round saw its total assets under management jump to $1.1 billion. Its new fund, 83North’s fifth, was oversubscribed, said the company without giving any further details.
“We continue to invest in all stages, where we work side-by-side with founding teams to build companies and help them scale globally,” said Laurel Bowden, a partner at 83North.
Recently it invested in Israeli cyber security firm Siemplify, as well as in France-based e-commerce firm Mirakl.
Although its business model continues to be focused on data centers, enterprise software, cloud, marketplace and financial technologies, it said it will be also investing in software-as-a-service tech and will continue to focus on “the intersection of IT and healthcare”.
Most of the investors in 83North’s funds are U.S.-based endowments, family offices and pension funds.