Dawn Capital raises $400m fund for B2B startups | Sifted

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Just two years after closing its last fund, Dawn Capital has raised a new venture capital fund of $400m to invest in business-to-business startups. 
Despite launching the fundraise in February, Dawn says the fund (which is almost twice as big as its last fund of $232m) was oversubscribed — and saw 100% of its previous investors invest again. 
“Innovation thrives on instability — and now is an opportune moment to double down on tech, on Europe and on B2B,” Evgenia Plotnikova, partner at Dawn, tells Sifted. “This has been the ‘aha’ moment for cloud; it has finally come into force.” 

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“Our strategy hasn’t changed; what has changed is the European ecosystem. It’s bigger, better, stronger.” 
With this, its fourth fund, Dawn will continue to invest much as before — although now with significantly more ammunition  — into software startups covering data, analytics, security, fintech and future of work, at Series A and B. 

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“Our strategy hasn’t changed; what has changed is the European ecosystem. It’s bigger, better, stronger.” 
Plotnikova explains what it was like fundraising in a pandemic — and how she feels about the fact that every VC …

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