• EU ties pay off, as EIF puts $74M into Dawn Capital's $232M fund

    5 monthes ago - By Tech Crunch

    UK VCs were sent a message today by the EU: Continue to invest in European companies and we'll invest in you. That at least seems to be the takeaway from the news that Dawn Capital , which has built up a reputation as an investor in early-stage SaaS and Fintech businesses in the UK and Europe, has closed its third fund, Dawn III at $232 million , with the help of the European Investment Fund .
    The EIF is committing £52 million after previously said it would no longer invest in UK venture capital due to Brexit. But it's clear the strong European ties helped Dawn. It has a 50/50 split of UK...
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