Dawn Capital closes its third European fund at $235M.  Dawn III is one of the largest dedicated B2B venture funds in Europe with a 50/50 split between the UK and European based companies in the portfolio.  The European focus has enabled Dawn to secure significant follow-on funding from EIF despite it London base.

As with our previous two funds, Dawn III will be dedicated to supporting the most promising early-stage SaaS and FinTech companies in Europe, for whom we continue to see a vast landscape of opportunity.  We’re excited to partner with entrepreneurs who have the vision to take advantage of these exhilarating and rapidly evolving environments and define the next generation of category-leading companies.

Dawn has backed some of Europe’s fastest growing B2B software businesses, including Mimecast, iZettle, Collibra, Gelato Group, Sonovate, Neo Technology and Showpad.  On the back of these investments, Dawn Capital has delivered exits which include Mimecast, Sticky, Ecommera and Bityota and is a current investor in the payments company iZettle, which now dominates Europe’s SME retail sector.