Haatch secures £10m from BBI to boost UK pre-seed SaaS investments
Deal News | Feb 07, 2025 | UK Tech Funding
Haatch, a UK-based pre-seed and seed stage fund manager specializing in B2B SaaS businesses, has secured an additional £10 million investment from British Business Investments (BBI). This brings the total investment from BBI to £20 million as part of its Regional Angels Programme. This funding round allows Haatch to invest beyond the Seed Enterprise Investment Scheme (SEIS) cap, offering £85,000 more for every £250,000 investment, a significant benefit for pre-seed companies. The initiative aims to enhance capital access for early-stage businesses across the UK, with more than 70% of Haatch's investments located outside London. Since Haatch's founding as an angel co-investment venture by Scott Weavers-Wright and Fred Soneya in 2013, it has developed a robust portfolio valued at over £900 million. Haatch and BBI have co-invested in 93 companies, including Aerocloud, and have notably supported the Data Literacy Academy at pre-revenue stages.
Sectors
- Venture Capital
- Technology
Geography
- United Kingdom – The investment activities described are focused on early-stage businesses throughout the UK, particularly those outside London.
Industry
- Venture Capital – Haatch and British Business Investments (BBI) are engaged in venture capital activities, particularly in investing in pre-seed and seed stage B2B SaaS businesses.
- Technology – The article focuses on investments in tech companies, particularly those in the Software as a Service (SaaS) sector.
Financials
- £10 million – Additional investment by British Business Investments in Haatch.
- £20 million – Total investment by British Business Investments in Haatch.
- £900 million – Valuation of Haatch's collective portfolio.
- £85,000 per £250,000 – Extra investment for pre-seed companies exceeding the SEIS cap.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Haatch | Target Company | Company | A pre-seed and seed stage fund manager focusing on B2B SaaS businesses. |
| British Business Investments (BBI) | Investor | Company | A subsidiary of the British Business Bank providing financial support to boost enterprise growth in the UK. |
| British Business Bank | Parent Company | Company | A government-owned development bank aimed at increasing the supply of credit to small and medium-sized enterprises. |
| Scott Weavers-Wright | Co-founder and General Partner | Person | Co-founder and General Partner of Haatch. |
| Fred Soneya | Co-founder | Person | Co-founder of Haatch. |
| Aerocloud | Portfolio Company | Company | A company funded by Haatch and BBI, recently completed a Series A investment round. |
| Data Literacy Academy | Portfolio Company | Company | A company invested in by Haatch and BBI at pre-revenue stages. |