British Business Bank and Haatch commit £32m to fund various UK angel organisations

British Business Bank has committed a further £25m to support emerging and diversified angel organizations across the UK, bringing total investment in the area to £32m.

This funding is being used through a vehicle owned by Haatch, British Business Bank an emerging VC firm that is partnering with the Bank. The increased commitment follows an initial investment of £7m last year in the first group of five angels.

The program is designed to channel capital to high-performing but newly established syndicates, helping to increase access to early stage capital and improve diversity within the UK startup ecosystem.

Syndicates already co-backed include HERmesa, a female-led angel network focused on tech-enabled startups; CircleRock Capital, an early stage platform for industry anonymity; Games Angels, which focuses on sports; Sie Ventures, invests in various innovative groups; and 2050 Capital, a serious technology and science investor.

Since launching in May 2025, the platform has invested in 13 companies across the UK, covering regions from Cornwall and Cardiff to Cambridge and London. Investments include health care, sustainability and deep technology.

Supported companies include Ensilicated Technologies, which develops technology to eliminate the need for cold storage; Motics Technologies, an AI-powered healthcare platform; and Mimicrete, a self-sustaining bio-inspired concrete. Other recipients include TurinTech.ai, a University College London spinout focused on AI-driven coding, and CheMastery Group, an automated chemistry startup.

The program has also supported innovators from a variety of fields, 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 strong emerging companies. “Working with other syndicates from across the UK, we’re directing funding to some of the country’s most innovative startups,” he said.

Mark Barry, chief investment officer at the British Business Bank, said the platform was now being scaled up to reach other syndicates across the country.

The move reflects the Bank’s wider mandate to promote equitable access to finance for start-up businesses and to support innovation-driven growth in many sectors of the UK economy.

British Business Bank