Yvonne Bajela, a former partner at Phoenix Court — widely known as Local Globe, the name of its seed-stage fund — has closed a $17m debut fund for her new VC firm Evertrue Capital.
The fund close marks Bajela's move from Local Globe to leading her own investment firm. Evertrue Capital is the new VC vehicle she has established, and the $17m fund is its debut fund.
Phoenix Court is widely known as Local Globe for its seed-stage fund activities. Bajela previously served as a partner there before launching Evertrue Capital.
The $17m debut fund establishes Evertrue Capital in the venture capital market. Bajela's background at Phoenix Court and Local Globe informs the launch of her new firm as she begins operating independently.
Source: Sifted · Summarized by HeadlinesBriefing