Dawn closes $125m Opportunities fund

The fund was registered in December 2018, according to Unquote Data.

Prior to the Opportunities fund, the VC's latest fundraising effort was Dawn Capital III, which closed on £165m in Q2 2018. 

Dawn has backed companies such as Mimecast, today valued at $2.7bn, and iZettle, which exited to PayPal for $2.2bn in Q2 2018. 

Investors
The fund is backed by institutional and family office investors across Europe and the US, including British Patient Capital.

Investments
The vehicle will focus on C-rounds specifically for startups offering B2B services. Part of the fund will be used to make larger investments in a number of startups that Dawn has previously backed in earlier stages. 

For example, Belgium-based Collibra, backed by Dawn since 2015, is currently a portfolio company of the opportunities fund. The business, an enterprise data governance and catalogue software provider, raised a $100m in a series-E round in January this year.

People
Dawn Capital – Haakon Overli (general partner).

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