Evertrue Capital raises €15 million debut fund backed by British Business Bank and Phoenix Court

Evertrue Capital, the debut fund of Yvonne Bajela, has successfully raised €15 million ($17 million) to invest in pre-Seed startups focused on frontier technologies in the UK and Europe. The fund, backed by Phoenix Court through Basecamp and various other investors, aims to provide concentrated, early bets and support to founders building impactful companies.

Yvonne Bajela, the founder and General Partner at Evertrue Capital, emphasizes the importance of investing before the market has proof and highlights the need for founders who deeply understand a problem and possess the conviction and discipline to build around it. Her philosophy, shaped by her career in investing, has led to successful investments in companies like Revion, Poindexter Labs, Zuba, and Zaro, which have already launched operations in the US.

The fund's approach stands out as fundraising for solo GPs has become increasingly challenging, with 67% of new VC funds launched in 2024 targeting under €8.9 million ($10 million). Evertrue will lead a concentrated number of investments each year, focusing on high-quality, early-stage opportunities.

Since its founding, Evertrue has invested in seven companies, including Revion, Poindexter Labs, Zuba, and Zaro, with half of its portfolio already operational in the US. Yvonne Bajela's early belief in these founders has given them the confidence to secure essential partnerships.