British Business Investments Backs Twin Path Ventures with £10M AI Commitment
Deal News | Feb 20, 2025 | British Business Investments
British Business Investments, a subsidiary of the British Business Bank, has committed £10 million to Twin Path Ventures, the UK's premier pre-seed investor in AI-focused startups. This strategic partnership is aimed at fostering technological innovation and economic growth across the UK via investments in artificial intelligence. Over the next three years, British Business Investments will contribute approximately £3 million annually to support Twin Path Ventures' AI-first investment fund. This fund prioritizes innovative solutions solving major real-world problems across different sectors. The beneficiaries include promising startups such as Sention, Amply Discovery, and Composo AI, which are leveraging AI in battery diagnostics, drug discovery, and platform development for large language models, respectively. This collaboration exemplifies a crucial step in strengthening the UK's AI sector and supporting regional development.
Sectors
- Artificial Intelligence
- Venture Capital
- Financial Services
Geography
- United Kingdom – The focus of the article is on investments in AI startups across the UK, including regions such as East London, Belfast, and North West England.
Industry
- Artificial Intelligence – The article discusses investment in AI-first startups and innovative AI solutions.
- Venture Capital – The article is about Twin Path Ventures, a pre-seed investor, and their funding from British Business Investments.
- Financial Services – British Business Investments, a subsidiary of the British Business Bank, engages in financial investments in AI technology.
Financials
- £10 million – Investment amount committed by British Business Investments to Twin Path Ventures.
- c.3 million annually – Annual contribution by British Business Investments over the next three years.
- c.10 million – Amount Twin Path Ventures aims to invest into 15 companies per year.
- 3 million – Seed investment led by Twin Path Ventures in Sention.
- 1 million+ – Investment round led by Twin Path Ventures in Composo AI.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| British Business Investments | Investor | Company | A commercial subsidiary of the British Business Bank investing £10 million in Twin Path Ventures. |
| Twin Path Ventures | Investment Fund | Company | The UK’s leading and only dedicated pre-seed investor in AI-first startups. |
| John Spindler | Partner | Person | An experienced partner at Twin Path Ventures. |
| Nick Slater | Partner | Person | An experienced partner at Twin Path Ventures. |
| Katie Lockwood | Partner | Person | An experienced partner at Twin Path Ventures. |
| Sention | Portfolio Company | Company | An East London based startup offering AI-driven battery diagnostics solutions. |
| Amply Discovery | Portfolio Company | Company | A Belfast-based startup developing a drug discovery platform using AI and synthetic biology. |
| Composo AI | Portfolio Company | Company | A startup in London and North West England building a platform for large language models. |
| Adam Kelly | Managing Director | Person | Managing Director at British Business Investments. |