SFC Capital Secures £10 Million Extension from British Business Investments
Deal News | Feb 12, 2025 | British Business Investments
SFC Capital, the UK's most active seed-stage investor, has received an additional £10 million commitment from British Business Investments, part of the British Business Bank, via its Regional Angels Programme. This initiative aims to mitigate regional disparities in access to early-stage equity finance across the UK. The new funding is expected to support 100 early-stage businesses across various sectors, potentially unlocking £100 million for startups and scaling businesses. Prior commitments of £15 million were fully deployed to over 150 companies, yielding promising performance metrics. Notably, the program's total value to paid-in (TVPI) multiple currently stands at 2x, with successful exits including Peopleforce, which returned fivefold the original investment. This funding extension coincides with SFC's milestone of backing more than 500 UK startups since 2012, with recent investments in companies such as 4D Biomaterials and Neurosight.
Sectors
- Venture Capital
- Startup Ecosystem
- Financial Services
Geography
- United Kingdom – This classification is due to the focus on regional investments across the UK, aimed at reducing regional imbalances in startup funding.
Industry
- Venture Capital – This industry classification is relevant as the article discusses investments in early-stage companies by SFC Capital, a seed-stage venture capital firm.
- Startup Ecosystem – The article focuses on funding and investments in startups across the UK, highlighting support for early-stage companies and regional entrepreneurial ventures.
- Financial Services – British Business Investments operates within the financial services sector to facilitate alternative financing options for smaller businesses.
Financials
- £10 million – The additional commitment from British Business Investments to SFC Capital through the Regional Angels Programme.
- £25 million – The total commitment from British Business Investments to SFC Capital, including previous commitments.
- 2x TVPI – The total value to paid-in multiple for early investments made by SFC under the program so far.
- 5x return – The return on exit from Peopleforce, an HR software business invested in by SFC Capital.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SFC Capital | Target | Company | A seed-stage investor focused on early-stage businesses across various sectors in the UK. |
| British Business Investments | Funding Provider | Company | A commercial subsidiary of British Business Bank, providing alternative financing to smaller businesses in the UK. |
| British Business Bank | Parent Entity | Company | The UK government's economic development bank, working to improve finance access for smaller businesses. |