Key Takeaways
- • Yvonne Bajela, a former partner at Phoenix Court, has raised an oversubscribed $17m debut fund for her new venture capital firm, Evertrue Capital, according to AltAssets Private Equity News.
- • Evertrue Capital will target pre-seed investments in technology startups across the UK and Europe.
- • The fund marks Bajela's first independent vehicle following her departure from Phoenix Court.
Summary
Former Phoenix Court partner Yvonne Bajela has closed an oversubscribed debut fund of $17 million for Evertrue Capital, her newly established venture capital firm, according to AltAssets Private Equity News. The fund is oversubscribed, meaning demand from investors exceeded its target size, though the source does not disclose the fund's hard cap or the full investor roster.
Evertrue Capital will focus on pre-seed investments in technology startups across the UK and Europe. Pre-seed is the earliest institutional stage of venture financing, typically involving small initial cheques into companies that are often still developing their product or founding team.
The available reporting is limited to the publisher's summary and introductory text; the full article is behind a premium subscription wall. Details on the fund's strategy allocation, target number of portfolio companies, fee structure, and specific limited partners were not available in the source material reviewed.
Evertrue Capital will focus on pre-seed investments in technology startups across the UK and Europe. Pre-seed is the earliest institutional stage of venture financing, typically involving small initial cheques into companies that are often still developing their product or founding team.
The available reporting is limited to the publisher's summary and introductory text; the full article is behind a premium subscription wall. Details on the fund's strategy allocation, target number of portfolio companies, fee structure, and specific limited partners were not available in the source material reviewed.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.