The British Business Bank and VC group Haatch have committed £32m to back promising and diverse angel syndicates in the UK.
The capital is being invested via a platform managed by Haatch, an existing partner of British Business Bank, with more angel investment syndicates set to be onboarded in the coming months.
Syndicates already part of the investment partnership include HERmesa, a community of over 270 women operators and entrepreneurs backing women-led startups, the sector-agnostic CircleRock Capital, video game industry-focused The Games Angel, diverse founder investor Sie Ventures and 2050 Capital, which is focused on deep tech and science investments.
“For the UK’s startup ecosystem to properly thrive, collaboration between investors is absolutely vital,” said Haatch general partner Fred Soneya.
“Funding must reach the best and most innovative businesses, and this partnership between the British Business Bank, Haatch and some brilliant angel syndicates is a really strong example of how we can deliver that.
“An exciting, diverse range of startups have already been backed, and by working with more syndicates from across the UK, we are going to direct early-stage funding to the best and brightest startups in the country.”
The platform was launched last May and has so far made over a dozen investments into businesses across a wide range of sectors.
“We are now looking to scale this platform by investing alongside more great syndicates across the country,” added Mark Barry, senior investment director at British Business Bank.