More dry powder as 83North raises its 11th fund to the tune of $400 million

83North, the London and Tel Aviv-based venture capital firm that has backed the likes of Wolt, Celonis, Mirakl, Paddle and SellerX, has closed a fresh $400 million fund.

The VC firm announced the closing earlier today, pointing out that it has now $2.2 billion under management. The new fund was raised from the same "small group" of LPs that have been backing 83North for years, the firm says.

To give you some context, almost exactly 3 years ago the investment firm announced that it had reached $1 billion under management.

Other recent fundraisings from venture capital firms we've covered recently include EQT ($2.2 billion), Northzone (€1 billion), Fasanara Capital ($350 million), Energy Impact (€390 million), Claret Capital (€297 million), Point Nine (€180 million), Visionaries Club (€400 million), DTCP ($300 million), Extantia (€300 million), etcetera etcetera.

And so the money keeps a-rolling.

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