Haatch Secures Additional £10 Million from British Business Investments
Deal News | Feb 06, 2025 | British Business Investments
British Business Investments, a commercial subsidiary of the British Business Bank, has doubled its investment commitment to Haatch to £20 million. This move, part of the Regional Angels Programme, aims to boost early-stage business funding across the UK. The additional £10 million investment will increase startup funding opportunities through SEIS, EIS, and forthcoming funds. Haatch, recognized by Hardman & Co as a leading SEIS manager, has co-invested with British Business Investments in 93 companies, including Aerocloud, which recently closed a $12 million Series A round. The partnership underscores the effectiveness of Haatch’s investment strategy in the early-stage B2B SaaS sector.
Sectors
- Private Equity & Venture Capital
- Financial Services
- Technology
Geography
- United Kingdom – The investment is part of a UK-focused programme to increase capital access for early-stage businesses, emphasizing the geographical focus on the UK.
Industry
- Private Equity & Venture Capital – The article covers an additional investment commitment from British Business Investments to Haatch, involving SEIS and EIS funds, typical of venture capital activity.
- Financial Services – The involvement of British Business Bank, a financial institution, highlights the financial services industry.
- Technology – Haatch's investment in early-stage B2B SaaS companies places the article within the technology sector.
Financials
- £10 Million – Additional investment from British Business Investments to Haatch.
- £20 Million – Total investment commitment by British Business Investments to Haatch.
- $12 Million – Series A funding round closed by portfolio company Aerocloud.
- £85,000 – Additional SEIS funding cap exceeded in each £250,000 investment by Haatch.
- £900 Million – Collective portfolio valuation of companies backed by Haatch.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| British Business Investments | Investor | Company | A commercial subsidiary of the British Business Bank, participating in the Regional Angels Programme. |
| Haatch | Investment Target | Company | A manager of SEIS and EIS funds, focused on early-stage B2B SaaS companies. |
| Aerocloud | Portfolio Company | Company | A company co-invested in by Haatch and British Business Investments, closed a $12 million Series A funding round. |
| Data Literacy Academy | Portfolio Company | Company | A company backed by Haatch and British Business Investments, secured a significant client contract. |
| Hardman & Co | Independent Investment Research Firm | Company | Recognized Haatch as the best established (S)EIS Manager of its age. |
| Scott Weavers-Wright OBE | Co-founder and General Partner | Person | Co-founder and General Partner at Haatch, involved in strategic comments. |