British Business Bank backs Evertrue’s inaugural fund
The British Business Bank has announced a cornerstone investment in Evertrue Capital’s fund for early-stage technology companies. At least 65% of investments will be allocated to UK businesses, according to the release.
Issued by British Business Bank, United Kingdom ·
Evertrue Capital will invest at pre-seed and seed stages across the UK and Europe. Founded by Yvonne Bajela, the fund forms part of the Bank’s Investor Pathways Capital initiative supporting emerging fund managers. The announcement names other backers and says the fund has already invested in seven companies. The source gives differing commitment amounts in its headline and background notes. This summary therefore does not state a single amount as settled. The fund’s strategy and intended allocation are plans reported by the Bank, not investment advice.
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