Dawn Capital raises new fund with help from British Business Bank’s ECF 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.

Capital for Enterprise, making its first investment through the ECF 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.