Yvonne Bajela Launches $17M Evertrue Fund — SkimNews
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- Yvonne Bajela launched Evertrue, an early-stage venture fund that closed $17 million in oversubscribed capital, marking her debut as a first-time fund manager.
- Evertrue will invest primarily in AI and fintech startups across the U.K. and Europe, with an average check size of £350,000 and plans to back at least 20 companies over three years.
- British Business Bank backed Evertrue through its £400 million Investor Pathways initiative, allocating part of its £90 million commitment to first-time fund managers.
- Basecamp, the fund-of-funds arm of Phoenix Court and home to LocalGlobe, joined as an institutional investor in Evertrue alongside other U.K.-based limited partners.
- Yvonne Bajela turned down additional investors to keep Fund I at $17 million, emphasizing that fund size was a strategic decision to avoid deployment pressure.
- Evertrue’s portfolio already includes seven companies, most founded by entrepreneurs with unique problem insights and high execution ability, with over half operating in the U.S.
Why it matters: First-time fund managers typically struggle to raise capital, but Evertrue secured $17M with strong institutional backing—$3.2M more than targeted—reflecting growing appetite for diverse, conviction-led funds in Europe’s tightening startup ecosystem.
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