Macfarlanes advises Dawn Capital on closing of £165m third fund
The fund which focuses on early-stage investment in fintech and Software as a Service (SaaS) businesses secured investments from UK, European and US institutional investors and notably the European Investment Fund (EIF).
The Macfarlanes team for this matter was led by investment management partner Stephen Robinson with assistance from solicitor Sweta Tandle. Tax advice was provided by partner Damien Crossley alongside solicitor Florence Barnes.
Stephen Robinson comments: “We are delighted to have continued our long-standing relationship with Dawn and act for them on this successful fundraise. The oversubscribed nature of the fund reflects investors’ continued interest in B2B technology and in European venture capital backed businesses.”
Haakon Overli, General Partner at Dawn comments: “We are very pleased to have achieved a final close of Dawn III at its increased hard cap. The Macfarlanes team provided valuable advice and support throughout the process.”