# Evertrue Capital Fund I

> Evertrue Capital's inaugural pre-seed fund announced its $17M oversubscribed final close on November 3, 2026, above an approximate $13M target. LPs include British Business Bank, Phoenix Court/Basecamp, Better Society Capital, Bootstrap 4F and Allocator One. At least 65% of investments are intended for UK companies; seven portfolio investments already disclosed. Fund fees and legal close date remain undisclosed.

## Profile

- **Reported initial check:** $150K–$500K
- **Check-size evidence basis:** reported
- **Founded:** N/A
- **Headquarters:** London, United Kingdom
- **AUM:** N/A
- **Rounds they lead:** Pre-Seed
- **Rounds they invest:** Pre-Seed, Seed
- **Check-size source:** https://evertrue.capital/faq
- **Last verified:** 2026-11-06

## Links

- [Website](https://evertrue.capital/)

## In-depth investment analysis

## Fund I final close, history and LPs

Yvonne Bajela announced the debut fund's **$17M final close on Nov 3, 2026**, after previously targeting **about $13M**. These are a target and the completed total, not two funding events. The exact legal completion date was not disclosed. Named institutional backers include British Business Bank, Phoenix Court's Basecamp programme, Better Society Capital and Bootstrap 4F; independent reporting also names Allocator One.

**LP commitment discrepancy:** the British Business Bank's Nov 4 announcement states conflicting figures in its headline/body and notes-to-editors. VCT leaves its individual commitment amount undisclosed until the source is corrected; this does not change the independently reported $17M final fund total.

## Founder fit and first-contact workflow

1. Check alignment: earliest-stage founders, including pre-product and pre-revenue, with a well-understood customer problem and an unusual insight.
2. Prepare a concise deck that explains buyer, solution, founder expertise and why now.
3. Send a short note via [Evertrue's official contact details](https://evertrue.capital/); avoid sending NDA-sensitive material because a pre-review NDA is normally not signed.
4. If interested, Evertrue can request further information, arrange calls and undertake diligence, leading or joining the round.
5. Confirm ticket size and follow-on terms directly. The manager FAQ says **$150K–$500K**, but its home page has differing guidance.

## Economics: a transparent illustration

Seven companies were reportedly backed by close, and **at least 20** investments are planned over three years, not contracted. The founder's approximate average initial cheque converts at [ECB's Nov 3 2026 fixing](https://www.ecb.europa.eu/stats/exchange/eurofxref/shared/pdf/2026/11/20261103.pdf) to **about €420K**. *Illustratively*, 20 such initial cheques would total **about €8.4M**, before any reserves, fees or varying actual investment sizes. This calculation does **not** reveal the fund's actual portfolio allocation, expected returns, or committed cash still available.

The fund's complete LP allocations, management fees, carried interest, ownership targets, follow-on budget, audited returns and exact legal close date remain undisclosed.

Sources: [Founder firsthand interview](https://techcrunch.com/2026/11/03/yvonne-bajela-is-bringing-17m-in-fresh-capital-to-europes-startup-scene/), [official Evertrue site](https://evertrue.capital/), [fund FAQ](https://evertrue.capital/faq), [Bank institutional announcement](https://www.british-business-bank.co.uk/news-and-events/news/british-business-bank-makes-ps6m-cornerstone-commitment-evertrue-capitals-inaugural-fund-backing), [independent investor report](https://tech.eu/2026/11/03/ex-phoenix-court-partner-launches-17m-debut-solo-fund-to-discover-next-lovable), [ECB rate](https://www.ecb.europa.eu/stats/exchange/eurofxref/shared/pdf/2026/11/20261103.pdf).

## Research sources

- [Founder's Fund I announcement Nov 3](https://techcrunch.com/2026/11/03/yvonne-bajela-is-bringing-17m-in-fresh-capital-to-europes-startup-scene/)
- [Institutional LP statement Nov 4](https://www.british-business-bank.co.uk/news-and-events/news/british-business-bank-makes-ps6m-cornerstone-commitment-evertrue-capitals-inaugural-fund-backing)
- [Official firm website](https://evertrue.capital/)
- [Official FAQ](https://evertrue.capital/faq)
- [LP roster Tech.eu report](https://tech.eu/2026/11/03/ex-phoenix-court-partner-launches-17m-debut-solo-fund-to-discover-next-lovable)
- [ECB November 3 FX rate](https://www.ecb.europa.eu/stats/exchange/eurofxref/shared/pdf/2026/11/20261103.pdf)

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.

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Source: https://venturecapitaltracker.com/fund/evertrue-capital-fund-i