EU ties pay off, as EIF puts $74M into Dawn Capital´s $232M fund
(WorldNews Europe)

UK VCs were sent a message today by the EU: Continue to invest in European companies and we´ll invest in you. That at least seems to be the takeaway from the news that Dawn Capital, which has built up a reputation as an investor in early-stage SaaS and Fintech businesses in the UK and Europe, has closed its third fund, Dawn III at $232 million (£165 million), with the help of the European Investment Fund (EIF). The EIF is committing £52 million after previously said it would no longer invest in UK venture capital due to Brexit. But it´s...