
Dawn Capital
Ilona Rose House, Manette Street, London, England, W1D 4AL, United Kingdom
Overview
Dawn Capital is an early-stage venture fund focused on investing in the enterprise software and FinTech sectors. It provides capital and counsel to support founders to scale their business’s growth through talent, products, and business models to become category-defining, global companies. The firm is powered by cloud computing, ever-lowering barriers to entry and multi-player categories are changing the way people live and work. As this innovation continues, with the growth of AI and no-code applications, the investment opportunities in Dawn’s area of expertise continue to increase. Its portfolio companies include Mimecast, iZettle, Neo Technology, iControl, Showpad, and Gelato Group. Dawn Capital was founded by Haakon Overli and Norman Fiore in August 2006 and is based in London, United Kingdom.
- Total investments
- 133
- Lead investments
- 63
- Investments · 12mo
- 9
- Active investors
- 9
Sector focus
- Finance
- Financial Services
- FinTech
- Venture Capital
Investment portfolio
- Inforcer
Participated · Series C · Jul 2026
Inforcer provides a single platform that enables managed service providers to manage Microsoft 365 accounts for SMB clients, focusing on security and governance around AI and company data. Since launching in 2023, the company has prioritized product development, releasing features such as Shadow AI detection and a threat detection and response tool to identify unauthorized AI use and live cyber threats. Inforcer has experienced rapid growth, reporting roughly 300% year-over-year expansion and having raised $110 million across three rounds in 18 months. The company said its valuation doubled between Series B and Series C, though it did not disclose the exact valuation. As it expands, Inforcer is moving some pricing from a per-client model to a per-user model and is considering consumption- or token-based pricing for future AI features. Management plans further expansion in the U.S. while remaining focused on the Microsoft suite and positioning the company as complementary to Microsoft rather than competitive.
- Cortea
Led · Seed · Jun 2026
Cortea develops AI-driven "Audit Quality Agents" designed to check audit reports, annual financial statements, footnote disclosures and working papers for inconsistencies, missing information and potential errors. Its agents work alongside existing audit systems and review workflows, preparing findings for auditors so teams can spend more time on professional judgment while retaining control over final outcomes. In the most recent audit season Cortea's technology supported the production of more than 4,000 audit reports and identified issues in every reviewed report, yielding multiple days of manual review time saved per engagement. The company is positioning to expand deeper integrations with major audit platforms and broaden its footprint in Germany, the U.K. and the U.S. Cortea emphasizes traceability, defensibility and alignment with audit standards as central design principles. The business recently raised €12 million in seed funding to accelerate product development and geographic expansion.
- Orbio
Participated · Series A · Jun 2026
Orbio builds AI agents that interview candidates, assess fit, monitor employee output and conduct daily check-ins across an employee’s lifecycle. The company was founded in 2025 by Sergi Bastardas, Nacho Travesí and Antonio Melé and counts customers such as Poke, YUM! Brands and The Stepping Stones Group. Orbio says customers are transitioning from pilots to full deployments and reports that at The Stepping Stones Group it now runs the company’s full US operation, with 20% more candidates progressing to hire. Financially, Orbio has raised $26 million to date, including the newly announced $21 million Series A led by Dawn Capital and earlier backers Visionaries and 2100 Ventures. The startup plans to use the new capital to hire and develop additional AI agents and expand deployments.
- Fonoa
Participated · Series C · May 2026
Fonoa offers a modular tax operating system built to manage the full indirect tax lifecycle on a single shared data model and audit trail. Its modules include tax ID validation, real-time tax determination, e-invoicing, and returns, with AI agents that monitor obligations, populate returns, catch anomalies, and assemble audit packs. The company supports tax determination across 190+ jurisdictions, validates tax IDs in 100+ countries, powers e-invoicing for millions of sellers, and processes more than a billion transactions annually. Fonoa was founded by three Uber alumni and counts customers such as Canva, Uber, Netflix, Nebius, and Booking.com. With the $110M Series C and the acquisition of PwC’s Edge platform, Fonoa plans to integrate compliance and filing capabilities, scale engineering resources, and accelerate AI-enabled features toward an autonomous tax operating system.
- movus technologies
Participated · Series B · May 2026
Movus offers a vehicle-subscription service that reduces upfront costs for ride-hailing drivers by using proprietary data to evaluate personal credit, enabling drivers who struggle with traditional financing to access eco-friendly cars. Its service has been deployed in seven cities across Indonesia and the company reports monthly inquiries exceeding 10,000. Movus recently entered a partnership agreement with Grab to expand supply of eco-friendly vehicles regionally. The company is exploring additional services that leverage data and customer bases from super apps involved in ride-hailing, food delivery, payments, lending, insurance, and digital banking. Financially, Movus completed a ¥42.6 billion Series B financing comprised of a ¥16.6 billion equity allotment and ¥26.0 billion of debt facilities. It plans to use the proceeds to grow its Indonesian deployments and to hire for business development, product, and engineering roles in Japan.