Dawn Capital
Dawn Capital is a leading specialist B2B software investor in Europe, managing $2 billion in assets. The firm focuses on supporting global software leaders at various stages of growth through its two main funds: Dawn V, a $620 million early-stage fund, and Dawn Opportunities III, an $80 million follow-on fund for Series C investments. Dawn Capital has established itself as the largest dedicated B2B venture investor in Europe. The company invests in sectors such as automation, data, security, and vertical software, with early investments in notable companies like Mimecast, Gelato, and Collibra
Investing activity
Dawn Capital appears in 2 AI deals tracked by the Lounge deals desk, rounds totalling $14M, and led 1 of them. The rounds are mostly Pre-seed and Seed, with a median round size of $14M. The most recent are Xylo (Pre-seed, £2.8M, Jul 2026) and Cortea (Seed, €12M, Jun 2026).
Dawn Capital most often invests alongside CapitalT, Gensyn, DeepMind and Mark Ransford, and the companies it backs on Lounge are mostly in AI.
Deals
Frequently asked questions about Dawn Capital
What AI companies has Dawn Capital invested in?
Dawn Capital's AI investments include Xylo and Cortea. The 2 rounds on Lounge are listed on this page with amounts, dates and co-investors.
Where is Dawn Capital based?
Dawn Capital is based in London, England, United Kingdom.
What stage does Dawn Capital invest at?
In the rounds tracked on Lounge, Dawn Capital has invested at Pre-seed and Seed, with a median round of $14M. Dawn Capital led 1 of those rounds.
Who does Dawn Capital co-invest with?
Dawn Capital's most frequent co-investors on Lounge are CapitalT (1 deal), Gensyn (1 deal), DeepMind (1 deal), Mark Ransford (1 deal) and Common Magic (1 deal).
How can founders reach Dawn Capital?
Founders on Lounge can see Dawn Capital's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Dawn Capital to their Investor Pipeline to track the conversation.