Dawn Capital raises new fund with help from British Business Bank’s VC Catalyst fund

Early-stage investor Dawn Capital has achieved a first close on its Dawn Capital II fund – targeted at businesses in the cloud, software and consumer internet sectors.

The VC Catalyst programme has enabled the fund to get to critical mass and make a first closing. Other investors include the European Investment Fund.

Haakon Overli, general partner at Dawn Capital, says that part of the success in achieving a first close can be attributed to the firm’s existing portfolio companies which have showed, he says, that ‘exceptional performance’ of UK start-ups in a ‘globally competitive’ technology sector is possible. He adds, “We are very proud to progress from our origins as an Enterprise Capital Fund to raising a larger fund. This was made entirely possible by Capital for Enterprise in awarding us an ECF mandate as a first-time fund manger and then closing Dawn Capital II via a commitment by their new VC Catalyst Fund”.

More details about Dawn Capital can be found on the Dawn Capital website.