Yvonne Bajela Launches Evertrue Fund with $17 Million for European Early-Stage Startups

New Fund for European Startups

Yvonne Bajela, a venture capitalist with over a decade of experience at firms like LocalGlobe and Impact X Capital Partners, has announced the launch of her independent fund, Evertrue. The fund successfully closed its first fund, Fund I, at $17 million, exceeding its initial target.

Investment Strategy

Evertrue will concentrate on early-stage companies across the U.K. and Europe. The fund plans to deploy an average check size of around £350,000 and aims to invest in a minimum of 20 companies within the next three years. Seven companies have already received backing from Evertrue.

Market Context and Opportunity

Bajela noted that the current AI boom influenced her decision to launch the fund, citing new opportunities for early-stage investors and changes in the economics of company formation. The U.K. startup scene, particularly in AI, is experiencing growth, with areas like King's Cross emerging as AI hubs. This environment presents opportunities for Evertrue to invest in new talent.

Fundraising Environment

Despite a challenging market for emerging fund managers, particularly in the U.S. where capital is concentrated, the U.K. market shows a different trend. PitchBook data indicates that emerging fund managers in the U.K. raised $7.4 billion through September, surpassing the $6.2 billion raised in all of 2025. Bajela described the fundraising process for Evertrue as a grind, highlighting the difficulty of rejections after extensive engagement.