British Business Bank Commits £7Mn To Invest Alongside Five UK Angel Syndicates

This is part of the Bank’s Regional Angels Programme, which aims to help early-stage startups get the funding they need, especially those outside of London.

These angel groups are usually small and flexible, but may not have large systems or regulations in place. They plan to support new businesses in a variety of sectors across the UK.

Haatch, the company managing the investment, is a venture capital firm that focuses on B2B software startups at very early stages. Haatch has already invested in over 100 companies worldwide and manages a portfolio worth more than £800 million.

The investment will support five angel syndicates, including two led by women. These groups will help fund promising startups across different sectors. The participating syndicates are:

HERmesa – A network of over 270 women entrepreneurs and professionals who invest in women-led, tech-focused startups at the very early (pre-seed) stage.

CircleRock Capital – A broad-based investment group that works with top global venture capital firms. They invest in startups at Seed, Series A, and Series B stages, across all sectors.

The Games Angels – A group of experienced gaming professionals who invest in and support gaming startups shaping the future of the industry.

Sie Ventures – An early-stage investor that focuses on diverse founding teams in the UK and Europe.

2050 Capital – A firm that invests in deep tech and science-based innovations, especially those that can bring big changes to major industries.

Fred Soneya, Co-founder and General Partner at Haatch, commented:

“We’re thrilled to deepen our relationship with the British Business Bank and have the opportunity to co-invest alongside some of the best emerging angel syndicates in the country. This additional commitment allows us to broaden our reach and support an even more diverse range of founders, driving innovation and growth across multiple sectors.”

Adam Kelly, Managing Director, Funds at British Business Bank, added:

“We’re delighted to continue our work with Haatch in creating this innovative new structure, in order to enable co-investment alongside five of the UK’s promising angel syndicates, including two female-led angel groups. This further commitment of £7 million takes our overall commitment to Haatch to £27 million.”