The London-based VC investor has surprised observers by securing $74m from the EU-backed agency.

Dawn Capital, a UK-based early-stage technology investor, has closed a £165m ($232m) fund with backing from the EU-run European Investment Fund  (EIF), TechCrunch has reported.

The Dawn III fund has been given $74m by the EIF, a move that signals the EU will continue to support UK-based investors provided they offer finance to European businesses. Dawn’s portfolio is equally split between UK and other European companies.

Dawn III was also supported by the British Business Bank through its British Business…