At a glance
- The British Business Bank and Basecamp, the fund-of-funds of investment firm Phoenix Court, are among five institutional backers, TechCrunch first reported the close.
- Bajela said the average check is about £350,000 and she plans to back at least 20 companies over the next three years.
- For allocators, the plan provides a concrete deployment test: 20 first checks at about £350,000 each over three years.
Yvonne Bajela closed Evertrue, her debut venture fund, at an oversubscribed $17 million, she said Tuesday.
The British Business Bank and Basecamp, the fund-of-funds of investment firm Phoenix Court, are among five institutional backers, TechCrunch first reported the close. Evertrue has already invested in seven companies.
Bajela said the average check is about £350,000 and she plans to back at least 20 companies over the next three years.
For allocators, the plan provides a concrete deployment test: 20 first checks at about £350,000 each over three years.
Evertrue invests at the early stage across the U.K. and Europe. Bajela spent more than a decade as a venture investor, most recently at LocalGlobe and Impact X Capital Partners, where she backed companies now described as unicorns, including Wise, Marshmellow and Mooves.
Emerging managers in the U.K. raised $7.4 billion through the end of September, above the $6.2 billion raised in all of 2025, according to PitchBook data cited by TechCrunch.
Reported by the Emerging Managers desk from TechCrunch. Published . Corrections