[Funding alert] London-based Dawn Capital Secures $700million For B2B Software Fund
Sep 26, 2023 | By Startup Rise EU
Dawn Capital has secured $700 million, of which $620 million will go to its particular early-stage B2B software fund and the remainder of $80 million will go to a follow-on fund.
According to the company, 50 percent of commitments have come from present LPs and 50 percent have come from fresh investors from the US, Europe, the Middle East, and Asia. These investors, who naturally consist of up of sovereign wealth funds, pension funds, endowments, funds of funds, family offices, and high net worth people, are spread across the US, Europe, the Middle East, and Asia.
Read also - Edinburgh-based Continuum Industries Secures $10 million Series A Round Funding
Dawn V, the company's $620 million primary vehicle, will support growing European B2B software companies with initial tickets priced from $10 and $40 million at Series A or Series B stages.
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Dawn is a crucialally to have on your team. The workforce at the firm has contributed an important contribution to our company's growth and has valuable insights to offer. - Vishal Marria, founder and CEO of Quantexa.
Read also - Hamburg-based Bioeconomy Startup Traceless Raises €36.6 million in Series A Funding
About Dawn Capital
With $2 billion in total commitments, Dawn is the top specialist B2B software investor in Europe. Dawn works with founders who are developing the next generation of global software leaders, assisting them in utilising exceptional teams, exceptional technology, and scalable business models to develop global businesses that are category-defining.
Read also - Madrid-based AI Writting Platform Correcto Secures $7 mn Seed Funding
Because of its imminent widespread use, it will soon be the most disruptive of all the software categories we've been investing in since we launched Dawn. As a result, we decided to raise money on a scale suitable for the huge opportunity at hand.
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