# Dawn Capital: portfolio, investments and team

> Dawn Capital is a vc firm based in United Kingdom. 107 investments on record, 14 in the last 12 months, latest Oct 2026.

Source: https://millionrounds.com/fund/dawn-capital (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Investor](https://millionrounds.com/investors)

# Dawn Capital

Last cheque observed Oct 2026; 107 cheques on record.

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Deploying now New fund $621M, Jul 2023 VC firm

Seed Series A Series B Bank Lending Wealthtech

Follow Dawn Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fdawn-capital)

Deploying now

**100%** of best year **14** **cheques in 12 months**, 107 on record

Since the last cheque **11** days **00** hrs **00** min **00** sec

Median round **$33M** Cheque size, as they say **$5.0M – $30M** Rounds led **8 of 107** Sole investor **14 rounds** Exits **1 from the portfolio** Mostly in **United Kingdom, 26%**

Pitch Dawn Capital

## Dawn Capital highlights

- 01 14 cheques in the last 12 months
- 02 Mostly Series A and Series B: 54% of its rounds
- 03 Sole investor in 14 rounds, median $6.0M
- 04 1 exits from the portfolio

## What they do

> We've spent two decades focused on B2B. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $5.0M – $30M as they say
- **Stages:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** Bank Lending Wealthtech
- **Based in:** London, United Kingdom
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **107 appearances**

- **2026** 11 rounds
- **Oct** **[Blackwall](https://millionrounds.com/company/blackwall)** Series C · GB · ArcticStartup **$100M** With 3 others
- **Sept** **[Flatpay](https://millionrounds.com/company/flatpay)** Venture · DK **$168M** With 2 others
- **Jul** **[Inforcer](https://millionrounds.com/company/inforcer)** Series C · GB · TechCrunch **$50M** With 2 others
- **Jul** **[Cover Genius](https://millionrounds.com/company/cover-genius)** Venture · AU · AlleyWatch **$111M** With 2 others
- **Jun** **[Orbio](https://millionrounds.com/company/orbio)** Series A · ES · TechCrunch **$21M** *Led*
- **Jun** **[NEULO](https://millionrounds.com/company/neulo)** Seed · JP **$2.2M** With 1 other
- **Jun** **[Cortea](https://millionrounds.com/company/cortea)** Seed · DE **$14M** With 3 others
- **May** **[Checkstep](https://millionrounds.com/company/checkstep)** Seed · GB · Look AI Ventures **$4.0M** With 5 others
- **May** **[Fonoa](https://millionrounds.com/company/fonoa)** Series C · IE · Ventureburn **$110M** With 8 others
- **May** **[Yosemite](https://millionrounds.com/company/yosemite)** Venture · JP **$9.5M** Sole investor
- **Apr** **[Brave group](https://millionrounds.com/company/brave-group)** Series E · JP **$31M** With 4 others
- **2025** 11 rounds
- **Dec** **[Runware](https://millionrounds.com/company/runware)** Series A · Comcast Ventures **$50M** *Led*
- **Nov** **[Flatpay](https://millionrounds.com/company/flatpay)** Growth · DK · Silicon Canals **$168M** With 4 others
- **Nov** **[AccessFintech](https://millionrounds.com/company/accessfintech)** Venture · US **Undisclosed** With 4 others
- **Oct** **[Oneleet](https://millionrounds.com/company/oneleet)** Series A · NL · Silicon Canals **$33M** *Led*
- **Jul** **[Inforcer](https://millionrounds.com/company/inforcer)** Series B · GB **$35M** Sole investor
- **Jun** **[Deepdots](https://millionrounds.com/company/deepdots)** Seed · DK · Silicon Canals **$6.3M** *Led*
- **May** **[Doubleword](https://millionrounds.com/company/doubleword)** Series A · GB **$12M** With 3 others
- **Mar** **[Blackwall](https://millionrounds.com/company/blackwall)** Series B · EE · TechCrunch **$49M** *Led*
- **Mar** **[Quantexa](https://millionrounds.com/company/quantexa)** Series F · GB · TechCrunch **$175M** With 6 others
- **Feb** **[Nicoli](https://millionrounds.com/company/nicoli)** Seed · JP **$329K** With 1 other
- **Jan** **[Kraaft](https://millionrounds.com/company/kraaft)** Series A · FR **$14M** With 2 others
- **2024** 9 rounds
- **Dec** **[quantilope](https://millionrounds.com/company/quantilope)** Venture · DE **Undisclosed** With 2 others
- **Oct** **[Bitmovin](https://millionrounds.com/company/bitmovin)** Venture · US **Undisclosed** With 4 others
- **Oct** **[Yosemite](https://millionrounds.com/company/yosemite)** Seed · JP **$2.1M** Sole investor
- **Jun** **[Omi](https://millionrounds.com/company/omi)** Series A · FR **$14M** With 4 others
- **May** **[Cover Genius](https://millionrounds.com/company/cover-genius)** Series E · US **$80M** With 2 others
- **Apr** **[Brave group](https://millionrounds.com/company/brave-group)** Venture · JP **Undisclosed** With 3 others
- **Apr** **[ONUM](https://millionrounds.com/company/onum)** Series A · ES **$28M** With 1 other
- **Feb** **[Raito](https://millionrounds.com/company/raito)** Venture · BE **Undisclosed** With 1 other
- **Jan** **[Minute Media](https://millionrounds.com/company/minute-media)** Venture · GB **$100M** With 4 others
- **2023** 6 rounds
- **Dec** **[Qogita](https://millionrounds.com/company/qogita)** Series B · GB **$88M** With 2 others
- **Dec** **[Benners](https://millionrounds.com/company/benners)** Venture · JP **$650K** Sole investor
- **Nov** **Vulcan Cyber** Series B · IL **$34M** With 2 others
- **Oct** **[Copper](https://millionrounds.com/company/copper)** Venture · GB **Undisclosed** With 4 others
- **Oct** **[Brite Payments](https://millionrounds.com/company/brite-payments)** Series A · SE **$60M** With 1 other
- **May** **[FLOWX.AI](https://millionrounds.com/company/flowx-ai)** Series A · RO **$35M** With 2 others
- **2022** 14 rounds
- **Dec** **[Dataiku](https://millionrounds.com/company/dataiku)** Series F · US **$200M** With 4 others
- **Dec** **[London House Exchange](https://millionrounds.com/company/london-house-exchange)** Venture · GB **$2.9M** With 3 others
- **Jul** **[Fonoa](https://millionrounds.com/company/fonoa)** Series B · IE **$60M** With 4 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **6 named**

AH **Andrew Homer** Director of General Partner i Filing they signed

HO **Haakon Overli** Member of General Partner of General Partner i Filing they signed

JC **Josh Carl Bell** Member of Dawn Capital LLP i Filing they signed

MA **Marek Adam Domagala** Director i Filing they signed

NB **Norman Benito Fiore** Member of Dawn Capital LLP i Filing they signed

SA **Simon Adam Barnes** Director of General Partner i Filing they signed

We also hold **23** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**6+** funds on file numbered funds in its name

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[Cognitive Match](https://millionrounds.com/company/cognitive-match)** Bought by [Magnetic](https://millionrounds.com/fund/magnetic-3) **Undisclosed** May 2014

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$621M**

raised in Jul 2023

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$33M** the round, not its cheque Alone, median **$6.0M**

Led 8 of 107 rounds **7%**

- **Said size:** $5.0M – $30M
- **Sole investor:** 14 rounds
- **Last cheque:** Oct 2026
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Series A said *32*
- Series B said *20*
- Venture *18*
- Seed said *11*
- Series C *10*
- Debt *5*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Index Ventures](https://millionrounds.com/fund/index-ventures) 11
- [Creandum](https://millionrounds.com/fund/creandum) 8
- [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) 7
- [Battery Ventures](https://millionrounds.com/fund/battery-ventures) 6
- [Atomico](https://millionrounds.com/fund/atomico) 5
- [Northzone](https://millionrounds.com/fund/northzone) 5

**Pitching Dawn Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Dawn Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Index Ventures** VC firm **11** rounds together](https://millionrounds.com/fund/index-ventures)[**Creandum** VC firm **8** rounds together](https://millionrounds.com/fund/creandum)[**Insight Partners** VC firm **7** rounds together](https://millionrounds.com/fund/insight-venture-partners)[**Battery Ventures** VC firm **6** rounds together](https://millionrounds.com/fund/battery-ventures)[**Atomico** VC firm **5** rounds together](https://millionrounds.com/fund/atomico)[**Northzone** VC firm **5** rounds together](https://millionrounds.com/fund/northzone)[**Goldman Sachs** Private equity **4** rounds together](https://millionrounds.com/fund/goldman-sachs)[**MMC Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/mmc-ventures)[**AVP** Investment firm **3** rounds together](https://millionrounds.com/fund/avp-2)[**Accel** VC firm **3** rounds together](https://millionrounds.com/fund/accel)[**Conor Venture Partners** VC firm **3** rounds together](https://millionrounds.com/fund/conor-venture-partners)[**Global Brain Corporation** VC firm **3** rounds together](https://millionrounds.com/fund/global-brain-corporation)

## Recently backed

The latest companies Dawn Capital put money into.

[**Blackwall** $100M · Oct 2026](https://millionrounds.com/company/blackwall)[**Flatpay** $168M · Sept 2026](https://millionrounds.com/company/flatpay)[**Inforcer** $50M · Jul 2026](https://millionrounds.com/company/inforcer)[**Cover Genius** $111M · Jul 2026](https://millionrounds.com/company/cover-genius)[**NEULO** $2.2M · Jun 2026](https://millionrounds.com/company/neulo)[**Cortea** $14M · Jun 2026](https://millionrounds.com/company/cortea)

## On podcasts

2 episodes naming Dawn Capital in the title, and 4 more that mention it.

- [Tech.eu](https://millionrounds.com/podcasts/tech-eu) 16 Apr 2021 · 33 min Shamillah Bankiya of Dawn Capital, money for EVs and medtech, Infobip acquires Shift With [Shamillah Bankiya](https://millionrounds.com/person/shamillah-bankiya) Mentions [Dawn Capital](https://millionrounds.com/fund/dawn-capital)[LocalGlobe](https://millionrounds.com/fund/localglobe)[Carlos Cashman](https://millionrounds.com/person/carlos-cashman) *+1* Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 8 Jul 2015 · 21 min 20 VC 052: How To Make The Leap From Seed To Series A with Ari Helgason @ Dawn Capital With [Ari Helgason](https://millionrounds.com/person/ari-helgason) Mentions [Dawn Capital](https://millionrounds.com/fund/dawn-capital)[Elon Musk](https://millionrounds.com/fund/elon-musk)[Y Combinator](https://millionrounds.com/fund/y-combinator) Apple PodcastsShow page

### Mentioned in

- [Equity](https://millionrounds.com/podcasts/equity) 17 Sept 2025 · 34 min Why European founders are winning (and it’s not about working less) Apple Podcasts
- [Fintech Insider](https://millionrounds.com/podcasts/fintech-insider) 10 Mar 2023 · 41 min 714. Insights: Has financial services only been built for half the population? Apple PodcastsShow page
- [The Official SaaStr Podcast](https://millionrounds.com/podcasts/saastr) 19 Mar 2018 · 30 min SaaStr 167: The Biggest Challenges In Scaling From $1-10m in ARR, How To Navigate Enterprise Sales Negotiations Successfully & Why You Must Reiterate Value At Every Touchpoint with PJ Bouten, Founder & CEO @ Showpad Apple PodcastsShow page
- [The Official SaaStr Podcast](https://millionrounds.com/podcasts/saastr) 26 Jun 2017 · 22 min SaaStr 131: The Secret To Selling To SMBs & Creating A Sales Model That Scales with Jens Nylander, Founder & CEO @ Automile Apple PodcastsShow page

## Quick answers about Dawn Capital

### What does Dawn Capital invest in?

Dawn Capital invests most often at Series A and Series B (54% of the rounds on record), in sectors such as Bank, Lending and Wealthtech.

### How active is Dawn Capital?

107 investments on record, 14 of them in the last 12 months, and it led 8. The most recent was in Oct 2026.

### What has Dawn Capital invested in recently?

Its most recent investments on record: Blackwall (Series C, Oct 2026), Flatpay (Venture, Sept 2026) and Inforcer (Series C, Jul 2026).

### How big are Dawn Capital's cheques?

The median round it joins is $33M. It says it writes cheques of $5.0M to $30M.

### Does Dawn Capital lead rounds?

Sometimes: it led 8 of its 107 investments on record (7%).

### Where does Dawn Capital invest?

Most of the companies it backs are in the United Kingdom (26%), Japan (18%) and the United States (10%).

### Is Dawn Capital investing now?

Yes: it is actively investing, with 14 investments in the last 12 months.

### Who does Dawn Capital invest alongside?

Most often Index Ventures (11 rounds together), Creandum (8 rounds together) and Insight Partners (7 rounds together).

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