The British Business Bank has committed a further £25m to support emerging and diverse angel syndicates across the UK, bringing the total investment in the platform to £32m.
The financing will come through a vehicle managed by Haatch, an early-stage VC firm and existing partner of the bank. The expanded commitment follows an initial investment of £7 million last year in an initial cohort of five angel syndicates.
The aim of the initiative is to channel capital into high-performing but recently established syndicates, expanding access to early-stage funding and improving diversity within the UK startup ecosystem.
Syndicates already supported through the partnership include HERmesa, a women-led angel network focused on technology-based startups; CircleRock Capital, an industry-agnostic early-stage platform; The Games Angels, who specialize in games; She Ventures invests in diverse founding teams; and 2050 Capital, a deep tech and science investor.
Since launching in May 2025, the platform has invested in 13 companies across the UK, spanning regions from Cornwall and Cardiff to Cambridge and London. Investments include healthcare, sustainability and deep technology.
Supported companies include Ensilicated Technologies, which is developing technologies that eliminate the need for cold chain storage of vaccines; Motics Technologies, an AI-powered healthcare automation platform; and Mimicrete, which is working on bio-inspired self-healing concrete. Other recipients include TurinTech.ai, a University College London spinout focused on AI-driven code optimization, and CheMastery Group, a chemical automation startup.
The program has also supported female founders from a variety of backgrounds, including a Savile Row-trained designer, a practicing midwife and a Women in Innovation Award winner.
Fred Soneya, co-founder and general partner at Haatch, said collaboration between investors is essential to ensure capital reaches the strongest early-stage companies. “By working with more syndicates across the UK, we are directing funding to some of the most innovative start-ups in the country,” he said.
Mark Barry, senior investment director at the British Business Bank, said the platform would now be scaled up to reach more syndicates across the country.
The move reflects the Bank’s wider mission to improve access to equity finance for early-stage companies and support innovation-led growth across multiple sectors of the UK economy.
