The $400m fund is Europe’s largest to date focused exclusively on investing in early-stage B2B software. Continuing their strategy of backing exceptional European founders through series A and B rounds, this larger fund allows them to be more competitive and take a more influential role. As if to prove their point, they have already announced their first investment in the fund, leading AccessFintech’s Series B round.  

Accellency are delighted to have advised on Dawn’s investor relations strategy and content during the fundraise. Strengthening and institutionalising the investor relations function elevated it to top tier status in line with the performance of their funds and their talented team.

Launching an oversubscribed fund during such a difficult year is testament to Dawn’s exceptional ability to pick and back winners, but also to methodically and tirelessly field the LP DD process. Adapting to a new way of engaging with LPs who were in turn faced with their own new challenges to solve, Dawn showed energy, commitment and professionalism to streamline a complicated process and achieve their goals.

Congratulations to the whole team at Dawn!