Funding

Haatch funding news – Stamford-based Haatch Raises additional £10Million Investment from British Business Investments (BBI)

Feb 7, 2025 | By Kailee Rainse

Haatch funding news - Stamford-based Haatch Raises additional £10Million Investment from British Business Investments (BBI)

Stamford-based venture capital firm Haatch has secured an additional £10M (around €11.98M) investment from British Business Investments (BBI), bringing their total investment to £20M.

SUMMARY

  • Stamford-based venture capital firm Haatch has secured an additional £10M (around €11.98M) investment from British Business Investments (BBI), bringing their total investment to £20M.
  • BBI, part of the British Business Bank, has increased its investment in Haatch’s SEIS and EIS funds through the Regional Angels Programme, helping UK startups access early-stage capital.

Adam Kelly, MD at British Business Investments, adds, “We are pleased to continue our support with a new commitment of £10M, taking our investment to £20M. Our Regional Angels Programme is designed to address imbalances in access to early-stage finance in the UK and increase the overall amount of capital available to smaller businesses through angel networks. This further investment will allow Haatch to continue to drive more capital into the Nations and Regions of the UK.”

This funding supports Haatch’s focus on backing UK-based pre-seed founders.

Scott Weavers-Wright OBE, co-founder and General Partner at Haatch, says, “We are proud to strengthen our partnership with British Business Investments. Their increased commitment enables us to continue supporting high-growth businesses across the UK and drive more capital into underserved regions, building on our track record of already investing over 70 per cent outside of London. This validation of our strategy reinforces our ability to scale investments and deliver long-term success for our portfolio companies and investors.”

BBI, part of the British Business Bank, has increased its investment in Haatch’s SEIS and EIS funds through the Regional Angels Programme, helping UK startups access early-stage capital.

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Since starting, Haatch and BBI have co-invested in 93 companies, including Aerocloud, which raised $12M in Series A, and Data Literacy Academy, which landed a large contract with Grant Thornton after receiving early funding.

Haatch has backed over 120 companies, with a portfolio worth more than £900M. This new investment will help Haatch support more B2B SaaS startups, especially in underserved regions, and strengthen its role in early-stage investing in the UK.

The extra funding allows Haatch to offer £325,000 in pre-seed SEIS investments, up from the usual £250,000. This gives early-stage founders more money to grow their businesses, build teams, and extend their runway.

Hatch in a statement said, “For our investors, this increased firepower gives us even greater weight to secure the best deal flow and reinforces the strength of our position in the market, It also serves as strong validation and conviction in our investment thesis, with BBI doubling down on their commitment to our approach.”

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