Yvonne Bajela launches Evertrue fund, raising $17 million for early‑stage European AI and fintech startups
Yvonne Bajela, former VC at LocalGlobe and Impact X Capital Partners, closed Evertrue Fund I with $17 million in oversubscribed capital
In Brief
- •Yvonne Bajela, former VC at LocalGlobe and Impact X Capital Partners, closed Evertrue Fund I with $17 million in oversubscribed capital
- •The fund will target early‑stage AI and fintech companies across the UK and Europe, averaging £350,000 per investment and aiming to back 20 firms over three years
- •Evertrue secured five institutional backers, including the British Business Bank and Basecamp, and is part of the £400 million Investor Pathways initiative
- •The fund’s LP base is 80 % UK‑based, with the remainder spread across Europe, Asia, and the US
- •The launch comes amid a bullish AI boom and a favorable fundraising environment for emerging managers in the UK, where PitchBook reports $7.4 billion raised by such managers through September 2026
Why It Matters
Yvonne Bajela’s new fund represents a significant injection of capital into Europe’s early‑stage AI and fintech ecosystem, offering founders access to both funding and strategic guidance from a seasoned investor. By focusing on high‑growth sectors and maintaining a modest fund size, Evertrue aims to support a diverse portfolio of companies that could shape the region’s tech landscape and potentially bridge the gap between UK innovation and global expansion.
Key Details
- Fund Size
- $17 million
- Average Check
- £350,000
- Target Companies
- 20 over 3 years
- LP Composition
- 80% UK, 20% international
- Backers
- British Business Bank, Basecamp, Phoenix Court, LocalGlobe, Impact X Capital Partners
- Investment Focus
- AI and fintech
Context & Background
The UK’s startup scene has recently been highlighted as a leading AI hub, with companies such as Revolut, Synthesia, ElevenLabs, and CuspAI gaining prominence. This environment has attracted both domestic and international investors, creating a fertile ground for new funds like Evertrue.
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