The firm said its fourth fund, the Dawn Capital
Opportunities Fund, was the biggest of its kind in the region
and would provide cash to new and existing investments, with a
specific focus on later-stage funding rounds.
Europe is home to a number of growing technology companies that
are choosing to spurn bids from larger rivals in favor of
remaining independent - something Dawn said it would look to
capitalize on.
"The new fund means we can support the next wave of success
stories further through their journeys," Dawn Capital partner
Haakon Overli said in a statement.
Dawn Capital's three previous funds focused on companies in
earlier stages of fundraising, some of which have grown
strongly, including software firm Mimecast, now listed and worth
$2.7 billion, and iZettle, bought by Paypal for $2.2 billion.
The new fund would be backed by a mix of institutional and
family office investors, it said, among them British Patient
Capital, part of the British Business Bank, which aims to help
the country's tech firms grow.
(The story corrects in paragraph two to say new fund is firm's
fourth, not third.)
(Reporting by Simon Jessop; Editing by Elaine Hardcastle)
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