Funding the next Fintech Unicorns: Dawn Capital, Raising $235 million in iZettle and Wonga | Techsauce

Funding the next Fintech Unicorns: Dawn Capital, Raising $235 million in iZettle and Wonga

A leading UK Venture Capital investor 'Dawn Capital' has raised $235 million (£165 million) for its third fund in an early-stage investment of progressive Fintech companies Wonga and izettle. The early-stage investor has managed to return 3.3 times its first fund to its investor's through a strategic strategy.

This forward-thinking venture capitalist, 'Dawn' also raised money from the European Investment Fund, an important source of VC funding, which industry insiders thought might dry up after Brexit.

 This is a promising investment which can help to restore faith in the UK and European startup scene after a rocky few years, post-Brexit.

Dawn Capital invests primarily in financial, enterprise and tech startups. Its portfolio includes cybersecurity firm Mimecast, which went public in 2015 and has a current valuation of $2.16 billion (£1.5 billion), and Swedish graph database firm Neo4j, which helped journalists examine the Panama Papers.

Haakon Overli, a general partner at Dawn, said the fund was oversubscribed thanks to investor interest in Europe. Dawn invests about half its money into UK tech startups and the remainder across continental Europe.

this particular investment in iZettle is propelling the e-commerce site forward. iZettle is a one-stop shop for cutting-edge commerce tools — offering everything you need to take quick payments, ease day-to-day management, and get the funding to grow. This level of investment will increase this Fintech unicorn rapidly and will surely change the way we conduct payments online. 

"Things that appear niche are where we have done well," Overli said. "They are things where the subject matter may not be the most exciting, but the output is very valuable."

The firm will continue its focus on software-as-a-subscription businesses for the third fund. Almost a third of Dawn's new funding comes from the European Investment Fund (EIF).

"After Brexit, [the EIF] needed time to figure what the new world looked like," Overli said. "They said 'We want to back funds with a European strategy that do well, and you're one of them."

For more information on this UK, based Tech orientated Venture Capitalist check out their website:

To learn more about iZettle, what they offer and how they are set to radically improve and change the e-commerce, online payment platform check out their website:

ลงทะเบียนเข้าสู่ระบบ เพื่ออ่านบทความฟรีไม่จำกัด


Responsive image

Co-founder Pattaraporn Bodhisuwan Regains Eventpop in Strategic Move for Company Advancement

Eventpop Reacquired by Co-founder Pattaraporn Bodhisuwan from OPN in a Strategic Move to Propel the Company Forward...

Responsive image

Ant International, Grab and StraitsX collaborate to enable cross border payments with Purpose Bound Money for local merchants

Ant International, Grab, and StraitsX announced a collaboration to look into the potential for Purpose Bound Money (PBM) to be applied to cross border payments...

Responsive image

upDrive: Nurturing the startup ecosystem

upDrive will hold a free, multi-day educational and networking event in Jakarta, Indonesia, for people who work to create and support local startup ecosystems....