CNBC September 25, 2023
Key Points
– Dawn Capital, one of Europe’s biggest backers of business software companies, raised $700 million in two new funds, defying the odds as venture capital investment in tech startups has slumped.
– The London-based VC firm is one of the most prominent tech investors in Europe, with a portfolio that includes the likes of PayPal-owned payment firm iZettle and Visa-owned open banking startup Tink.
– The $700 million will be invested from two funds: a $620 million early-stage fund and an $80 million “opportunities” fund for growth-stage firms in Dawn Capital’s existing portfolio.
Dawn Capital, one of Europe’s biggest backers of business-to-business software companies, raised $700 million in two new funds — doubling down on its bid to...
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