JERUSALEM, April 5 Venture capital firm 83North
has raised a $250 million fund, its largest yet, to invest in
European and Israel technology companies.
The group said on Wednesday the new fund, its fourth in 11
years, brings its total capital under management to $800
Its earlier funds backed more than 40 companies, including
Germany's Hybris Software, which was acquired by SAP in 2013;
ScaleIO, which was bought by EMC Corp; and Britain's Just Eat
, which went public in London.
83North started as Greylock IL, an affiliate fund of Silicon
Valley's Greylock Partners, an early investor in companies such
as Facebook and LinkedIn. Today, 83North is an independent firm
investing in European and Israeli firms.
(Reporting by Ari Rabinovitch)