83North is a global venture capital firm managing over $1bn that invests in entrepreneurs building category-leading companies.
Portfolio
5
companies
AUM
£1000M
under management
HungryPanda
HungryPanda operates an international food delivery platform focused on Asian cuisine.
Vertice
Vertice provides an integrated platform to manage software and cloud expenditure.
floLIVE
floLIVE builds hyperlocal cellular networks and connectivity management platforms for internet of things devices.
Paddle
Paddle provides a complete payments infrastructure and merchant of record service for software companies.
Form3
Form3 operates a cloud-native account-to-account payment processing platform.
Laurel Bowden
Partner
Yoram Snir
Partner
The funding round was led by Mars Growth Capital with participation from existing backers.
"Reaching profitability while maintaining significant growth demonstrates the strength of our business model and our long-term vision. This success is a testament to the dedication and hard work of our entire team."
The Series B round was led by 83North and Bessemer Venture Partners to support international expansion and product innovation.
The Series C financing was co-led by Greenfield Partners and 83North to scale international growth and product capabilities.
"We look for highly differentiated infrastructure technologies that can support a robust and modern technology stack on top of them,"
The Series D round values the payments infrastructure provider at $1.4bn and includes participation from several existing investors.
"The opportunity in software is enormous, with tens of thousands of incredibly innovative businesses bringing great products to market every year. Unfortunately, many SaaS companies still find their growth hindered by the operational challenges that arise when scaling; from handling subscriptions management or tax compliance to localizing payment options in every market. Paddle was created to remove these invisible barriers so that SaaS companies can just focus on building and selling software. 2021 was a fantastic year for us, but we are only just getting started. We have big plans for 2022 and beyond and we’re delighted to have the backing of so many fantastic investors who all share our vision."
Perwyn led the financing round alongside backers including Kinnevik, 83North and Felix Capital.
"HungryPanda has achieved exceptional growth over the last four years. We now have the ability and experience to launch and operate in new cities in just two weeks and have established ourselves as the market leader due to our laser focus on developing the best service and providing high-quality products for our customers."
Goldman Sachs Asset Management led the Series C round to support international expansion and platform development.
"Financial institutions are increasingly turning to modern, cloud-based technologies in order to handle growing payment volumes efficiently and in real-time. We are delighted to be leading this investment round and look forward to working together with Form3 and other shareholders to help realise their ambitious global roadmap and strategic growth plan."
The funding round was led by Intel Capital with participation from existing backers including Qualcomm Ventures and Dell Technologies Capital.
"We see significant traction in the market for 5G network solutions, with private 5G networks being the indisputable leading solution for both private campuses and national deployments,"
The Series C round was led by Kinnevik with participation from new and existing investors to support international expansion.
"This has been an exceptional year of growth for HungryPanda. We can launch in new cities in just two weeks and have established ourselves as the market leader due to our laser focus on developing the best service for our customers and providing high-quality execution."
Lloyds Banking Group, Nationwide Building Society and 83North led the Series C round to support product enhancement and global expansion.
"Together with our supportive shareholders, Form3 is reshaping payments technology to the next evolution of real-time payment processing without borders."
