Evertrue Capital Launches $17M Debut Fund for European Pre-Seed AI and Fintech

Former LocalGlobe partner Yvonne Bajela has launched Evertrue Capital, securing $17 million in commitments for its inaugural fund to back early-stage founders across Europe. The vehicle will deploy capital primarily at the pre-seed and seed stages, focusing on artificial intelligence and financial technology startups across key European hubs.

The successful close comes during a challenging fundraising environment for emerging managers in Europe, where institutional LPs have increasingly concentrated capital into established multi-stage franchises. Evertrue's micro-VC structure enables the firm to target meaningful ownership stakes in early equity rounds without competing directly on lead-ticket sizing against legacy funds.

Bajela's thesis centers on the intersection of AI capabilities and financial services infrastructure, a segment that has maintained strong valuations relative to broader market softness. By deploying sub-million-dollar checks into early rounds, the vehicle aims to capture valuation entry points before larger European and US multi-stage funds step in for Series A follow-ons.

For European founders, the addition of specialized micro-funds provides crucial early-stage runway as institutional seed rounds grow larger and more selective. The debut fund reflects a broader trend of experienced partner talent spinning out from top-tier firms to build agile, sector-focused platforms.