Evertrue Capital closes US$17 million debut fund for early-stage tech
Former Phoenix Court partner Yvonne Bajela’s fund has made seven investments, with half of its portfolio companies already operating in the US.
Yvonne Bajela’s Evertrue Capital has closed its debut fund with US$17 million to invest in AI and frontier technology businesses in the UK and Europe. The fundraising was oversubscribed, with investors offering more capital than the fund initially sought.
Evertrue targets pre-seed, the earliest stage of startup financing. Its strategy is to lead a few investments each year instead of distributing its capital among a large number of companies.
Bajela’s former firm, Phoenix Court, participated through Basecamp, a fund of funds supporting new managers. Other backers are British Business Bank, Better Society Capital, Allocator One and Bootstrap 4F, the manager of the Invest in Women Taskforce’s fund.
Evertrue’s seven investments include Revion, which develops AI agents for the automotive industry, and AI lab Poindexter Labs. Its portfolio also includes fintech Zuba, which is building infrastructure serving global businesses, and Zaro, described as a knowledge layer shared across companies.
Founders, operators and investors connected to Evertrue have also backed the fund and will help its portfolio businesses. Bajela, the firm’s founder and general partner, said she looks for entrepreneurs whose understanding of a problem runs deep, frequently through personal experience.
