London-based B2B software investor Dawn Capital launches second fund with $120M funding

B2B software is a trillion-dollar industry and Europe has become the centre of this industry-defining tech. London-based Dawn Capital is one of the leading specialist B2B software investors in Europe. Now, it has closed Dawn Opportunities Fund II and raised $120 million (nearly £86 million) to continue investing growth funds to its best-performing portfolio companies.

With this later stage capital, Dawn can provide founders with a source of European investment. As a specialist, hands-on investor, it also ensures Dawn’s portfolio company founders benefit from Dawn’s team’s long-term support and expertise as they help guide them from Series A to successful IPOs and large M&A transactions.

The Dawn Opportunities Fund II follows the footsteps of its predecessor Dawn Opportunities I, which made its first investment, in a Series D round for Collibra, the world’s leading data intelligence platform, in January 2019.

The new fund will invest up to $30 million in the Series C+ growth rounds of the best-performing companies within its flagship portfolio. It will make investments into the companies that continue to prove their value and category dominance, in turn enabling its investors to capture the inherent value in these companies to exit.

The fund received strong support from Dawn’s existing LP base as well as attracting new investors from the US and Europe. The investors committing to the fund comprise global blue-chip institutions investors, including endowment funds, fund of funds, asset managers and family offices, and illustrious group of HNWs including Dawn’s portfolio founders.

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