
Dawn Capital
Description
Dawn Capital stands out as Europe's largest specialist B2B software investor, headquartered in London, United Kingdom. The firm has carved a significant niche by exclusively focusing on the enterprise software and FinTech sectors across the European continent. With a strategic emphasis on identifying and backing the next generation of category-leading companies, Dawn Capital plays a pivotal role in nurturing the growth of innovative technology businesses from their early stages. Their deep sector expertise allows them to provide more than just capital, offering strategic guidance and operational support to their portfolio companies.
Investing primarily from Series A and B rounds onwards, Dawn Capital typically leads or co-leads investment rounds, demonstrating a strong commitment to their portfolio companies. Their initial investment checks generally range from $5 million to $25 million, reflecting their capacity to provide substantial early-stage funding. This focused approach enables them to build high-conviction portfolios. The firm has consistently grown its capital base, exemplified by the closing of its fifth fund, Fund V, at $700 million in 2022, following a $400 million Fund IV in 2020. These significant fund sizes underscore their robust financial backing and long-term investment horizon.
Dawn Capital's investment philosophy extends beyond mere capital deployment; they aim to be true partners to founders, leveraging their extensive network and operational experience to accelerate growth. Their portfolio boasts a number of successful companies that have gone on to achieve significant scale and exits, solidifying Dawn Capital's reputation as a value-add investor in the European tech ecosystem. By concentrating on specific, high-growth sectors, Dawn Capital has established itself as a go-to investor for B2B software and FinTech entrepreneurs seeking not only funding but also strategic partnership to navigate the complexities of scaling a global enterprise.
Investor Profile
Dawn Capital has backed more than 131 startups, with 4 new investments in the last 12 months alone. The firm has led 58 rounds, about 44% of its total and boasts 21 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series A, Series B, Series C rounds (top funding stages).
- Majority of deals are located in United Kingdom, United States, Denmark.
- Strong thematic focus on Software, SaaS, Analytics.
- Led 4 rounds in the past year.
- Typical check size: $5M – $25M.
Stage Focus
- Series A (28%)
- Series B (27%)
- Series C (13%)
- Series D (8%)
- Seed (7%)
- Series Unknown (6%)
- Series E (5%)
- Series G (2%)
- Series F (2%)
- Angel (1%)
Country Focus
- United Kingdom (32%)
- United States (23%)
- Denmark (8%)
- Belgium (8%)
- France (5%)
- Israel (5%)
- Sweden (5%)
- Germany (4%)
- Norway (3%)
- Australia (2%)
Industry Focus
- Software
- Saas
- Analytics
- Financial Services
- Information Technology
- Fintech
- Artificial Intelligence (Ai)
- Enterprise Software
- Internet
- E-commerce
Frequently Asked Questions
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