Evertrue Fund Closes Oversubscribed $17 Million Round for European Early-Stage Startups
According to TechCrunch, former LocalGlobe partner Yvonne Bajela has officially launched Evertrue, an early-stage venture capital fund that closed with $17 million in capital. The firm intends to back at least 20 companies across the United Kingdom and Europe over the next three years, focusing primarily on investments in artificial intelligence and fintech.
Context from Industry Pulse
The launch of Evertrue highlights a diverging trend between the United States and United Kingdom venture markets. While American emerging managers face a barbell market where capital increasingly flows to established firms, British first-time managers have raised 7.4 billion dollars through September, surpassing the total 6.2 billion dollars raised in 2025. This surge is supported by state-backed initiatives like the British Business Bank’s Investor Pathways. Evertrue is positioning itself to capture the local AI and fintech talent pool during a period where democratized building tools have increased the volume of startups, even as the difficulty of scaling enduring companies remains high.
Veteran venture capitalist Yvonne Bajela is transitioning to fund management with the closure of Evertrue Fund I. TechCrunch reports that the fund exceeded its initial target of $13 million due to high investor interest, though Bajela opted to cap the vehicle at $17 million. This strategic decision was made to maintain meaningful positions in selected companies without the pressure to deploy excessive capital.
Evertrue identifies the current artificial intelligence boom as a primary catalyst for its launch. As TechCrunch notes, the proliferation of AI has lowered the costs associated with starting a business, creating a surge of opportunities for early-stage investors. The fund has already deployed capital into seven startups and expects to write individual checks averaging approximately 350,000 pounds.
The fundraising process involved securing five institutional backers, including Basecamp and the British Business Bank. TechCrunch details that Evertrue participated in the British Business Bank’s Investor Pathways initiative, an effort that distributed 90 million pounds among ten first-time fund managers. While approximately 80 percent of the fund’s limited partners are based in Britain, the firm maintains global ambitions, as over half of its current portfolio companies already maintain operations in the United States.
Bajela brings a decade of experience to the new venture, having previously backed unicorn companies such as Wise and Marshmallow. TechCrunch clarifies that Evertrue arrives at a time when the British startup ecosystem is flourishing, particularly in London’s King’s Cross district. Despite a challenging environment for emerging managers globally, data shows that United Kingdom-based first-time funds have already raised significantly more capital this year than they did throughout the entirety of 2025.
The Industry Pulse Bottom Line
Evertrue’s oversubscribed launch signals robust confidence in European early-stage tech. By focusing on AI and fintech with institutional backing, Bajela is leveraging a localized funding boom to target the next generation of globally scaleable British talent.