Ex-Phoenix Court partner launches $17M debut solo fund to discover next Lovable
A former partner at London VC firm Phoenix Court, who bet on fintech giant Wise and insurance unicorn Marshmallow, has launched her debut solo fund, a $17m fund looking to unearth Europe’s next AI suc...
Former Phoenix Court partner Yvonne Bajela has launched her debut solo fund, Evertrue Capital, with a $17 million investment to identify Europe's next AI success story. Bajela, who has previously backed fintech giant Wise and insurance unicorn Marshmallow, will invest in AI and tech companies at the pre-seed stage across the UK and Europe.
The fund, which will typically invest around £350,000 per startup, aims to back at least twenty companies over the next three years. Bajela emphasizes that she seeks founders with deep problem expertise and the discipline to build solutions before the market catches up to them. Evertrue Capital will lead and co-invest, with a focus on concentrated, early bets before consensus forms.
The fund has already invested in seven companies, including Revion, Poindexter Labs, and Zuba. Bajela's investment strategy is rooted in her belief that the best moments to invest are before the market has proof, and she plans to support founders with the capital, access, and resources they need to build successful companies.
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