Brexit Pushes VC to Look Outside U.K. for New Tech Investments
- 83North’s $250m fourth fund will target European, Israel tech
- Former Greylock IL now has $800 million under management
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83North, a venture capital firm with offices in London and Tel Aviv, has closed a new $250 million fund that will target early stage technology companies in Europe and Israel.
While 83North has long had a strong focus on British technology startups, Laurel Bowden, a partner at the firm, said because of the U.K.’s decision to leave the European Union, the new fund would probably emphasize investments in European tech hubs outside the U.K.