Yvonne Bajela, a former VC at Local Globe and Impact X Capital Partners, has launched her own fund, Evertrue, with an oversubscribed $17 million Fund I. The fund will focus on early-stage investments across the U.K. and Europe, with average check sizes around £350,000 and plans to back at least 20 companies over the next three years. Bajela, who previously backed unicorns like Wise, Marshmellow, and Mooves, aims to leverage her experience to support the next generation of British talent, particularly in AI and fintech.
The fund has already backed seven companies and secured institutional backers including the British Business Bank and Basecamp. Despite a challenging fundraising environment, Bajela emphasized that fund size is a strategic decision, not a measure of success, and chose to maintain a focused approach to build meaningful positions in high-conviction investments.
Source: TechCrunch Venture · Summarized by HeadlinesBriefing