Evertrue Capital closes oversubscribed $17m debut fund
By Kai Marek
London-based Evertrue Capital closed its oversubscribed debut Fund I at $17m, about €15m. Five institutional LPs back the pre-seed fund.
Evertrue Capital Fund I
Evertrue Capital Fund I, United Kingdom
€15m
VC fund
Pre-Seed, Seed · AI, Fintech, Deep Tech
Evertrue Capital Fund I, United Kingdom
London-based Evertrue Capital, founded by Yvonne Bajela (formerly of Phoenix Court), has closed its first fund with a total of $17 million (cited as €15 million by EU-Startups). According to TechCrunch and The Next Web, the fund was oversubscribed.
The fund invests at the pre-seed stage, with a focus on AI, fintech, and emerging technologies. According to the firm’s website, investment amounts range from £250,000 to £500,000. At the time of the announcement, Evertrue had already made seven investments and plans to complete at least 20 investments in total over the next three years.
Five institutional investors are named:
- The British Business Bank,
- Phoenix Court (via its "Basecamp" fund-of-funds),
- Better Society Capital,
- Bootstrap 4F,
- Allocator One.
According to TechCrunch, approximately 80% of Evertrue’s limited partners (LPs) are based in the UK, with the remainder located in Europe, Asia, and the US. As reported by TechCrunch, the British Business Bank is participating through its "Investor Pathways" program. Tech.eu describes founder Yvonne Bajela as a former partner at Phoenix Court. Meaning that one of the listed LPs is her previous employer.