Yvonne Bajela Closes $17m Debut Fund Evertrue Capital to Back Early-Stage AI
Former Phoenix Court partner Yvonne Bajela has launched Evertrue Capital, a $17m solo fund targeting pre-seed AI and tech founders across the UK and Europe.
AfroEuropa Newsroom
AfroEuropa desk
Yvonne Bajela, a former partner at London venture firm Phoenix Court, has closed her debut solo fund, Evertrue Capital, at $17m (reported by EU-Startups as €15m). The fund will make early bets on artificial intelligence and technology startups at the pre-seed stage, primarily in the UK and Europe.
Bajela is the founder and general partner of the British firm. During her previous career she backed companies including the fintech group Wise and the insurance unicorn Marshmallow, according to Tech.eu.
Evertrue plans to write cheques of roughly £350,000 (EU-Startups cites a range of £250,000 to £500,000, or €299,000 to €599,000) and intends to support a minimum of about twenty startups over the next three years.
Keep reading
Hypersonica Raises €100m for European Hypersonic Strike Systems
The British-German defence startup secured Series B funding co-led by Lightspeed and General Catalyst to develop sovereign hypersonic deep-strike capability for Europe and its allies.
Other highlights
Austria's Tumbleweed Raises EUR 6.9m for Microgravity Space Missions
The SpaceTech startup secured funding four months after launching Austria's first commercial satellite, in what it says is the country's largest SpaceTech seed round.
Follow the story
One newsletter, two continents
The Bridge brings you the tech, startups, and leaders moving between Africa and Europe in one sharp email each morning. No spam, unsubscribe anytime.
