Yvonne Bajela Launches Evertrue with $17 Million Oversubscribed Fund I
Former venture capitalist Yvonne Bajela has announced the closing of Evertrue's first fund, which raised oversubscribed $17 million. Drawing on a decade of experience at firms like LocalGlobe and Impact X Capital Partners, Bajela aims to focus on early-stage investments in AI and fintech across the U.K. and Europe. The fund plans to back at least 20 companies over the next three years with an average check size of approximately £350,000. Evertrue secured backing from five institutional investors, including the British Business Bank and Phoenix Court's fund-of-funds, Basecamp. Despite a challenging fundraising environment for emerging managers, Bajela opted to cap the fund at $17 million rather than expand it further to maintain strategic deployment discipline.
Topics: early-stage investing fund closing UK startup ecosystem venture capital