Recently, Dawn Capital, an early-stage venture fund focused on investing in the enterprise software and fintech sectors, announced the launch of Dawn IV – a $400M (approx €338M) fund. The fund has been raised from leading institutional investors, including pension funds, endowment funds, fund of funds as well as family offices, and high net-worth individuals.
Dawn’s co-founder and General Partner, Norman Fiore says in a statement, “Innovation thrives on instability. System-wide shocks drive change that startups can exploit ruthlessly, while incumbents are incapable of adjusting. Historically, these shocks were either financial, technological, or societal. In 2020, we’ve had all three at once: technology shock as the cloud came into its own, financial shock which will force society to do more with less, and a fundamental change to the way our working society is organised. We can’t wait to see where our entrepreneurs take us as we invest Dawn IV and greatly appreciate the support of all our investors in making this a successful fundraising.”