# British Business Bank: portfolio, investments and team

> British Business Bank is a corporate vc based in United Kingdom. 104 investments on record, 51 in the last 12 months, latest Oct 2026.

Source: https://millionrounds.com/fund/national-security-strategic-investment-fund (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Investor](https://millionrounds.com/investors)

# British Business Bank

Last cheque observed Oct 2026; 104 cheques on record.

Email

Deploying now Corporate VC

Debt Growth Pre-seed Agriculture Machine Learning Authentication

Follow British Business Bank and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fnational-security-strategic-investment-fund)

Deploying now

**100%** of best year **51** **cheques in 12 months**, 104 on record

Since the last cheque **9** days **00** hrs **00** min **00** sec

Median round **$6.2M** Rounds led **2 of 104** Sole investor **17 rounds** Mostly in **United Kingdom, 98%**

Pitch British Business Bank

## British Business Bank highlights

- 01 51 cheques in the last 12 months
- 02 Mostly Venture and Seed: 42% of its rounds
- 03 Sole investor in 17 rounds, median $2.5M

## What they do

- **Type:** Corporate VC (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Debt Growth Pre-seed Seed Series A Series B
- **Sectors:** Agriculture Machine Learning Authentication
- **Based in:** Sheffield, United Kingdom
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **104 appearances**

- **2026** 46 rounds
- **Oct** **[FSE Group](https://millionrounds.com/company/fse-group)** Debt · GB · Tech Funding News **$94M** *Led*
- **Oct** **[OMass Therapeutics](https://millionrounds.com/company/omass-therapeutics)** Series C · GB · Jefferson Life Sciences **$310M** With 12 others
- **Oct** **[Salience Labs](https://millionrounds.com/company/salience-labs)** Series B · GB · Silicon Angle **$125M** With 8 others
- **Oct** **[Living Optics](https://millionrounds.com/company/living-optics)** GB · Ventureburn **$20M** With 6 others
- **Sept** **[Ryft](https://millionrounds.com/company/ryft)** Series B · GB · Gresham House Ventures **$27M** With 7 others
- **Sept** **[Microbiotica](https://millionrounds.com/company/microbiotica)** Series C · GB · Cambridge Innovation Capital **$35M** *Led*
- **Sept** **[SolarSub](https://millionrounds.com/company/solarsub)** Seed · GB **$1.8M** With 4 others
- **Sept** **[Pure Capture Innovations](https://millionrounds.com/company/pure-capture-innovations)** Pre-seed · GB **$718K** With 4 others
- **Sept** **[INTELLIGENT MASS SPEC SOLUTIONS](https://millionrounds.com/company/intelligent-mass-spec-solutions)** Seed · GB **$1.5M** With 1 other
- **Sept** **[CSignum](https://millionrounds.com/company/csignum)** Venture · GB **$3.5M** With 2 others
- **Aug** **[Kraken Technology](https://millionrounds.com/company/kraken-technology)** Series B · GB · Ventureburn **$175M** With 13 others
- **Aug** **[RFC Power](https://millionrounds.com/company/rfc-power)** Series A · GB **$14M** With 1 other
- **Jul** **[BidScript](https://millionrounds.com/company/bidscript)** Pre-seed · GB **$799K** With 3 others
- **Jul** **[Draig Therapeutics](https://millionrounds.com/company/draig-therapeutics)** Series B · GB · Jefferson Life Sciences **$65M** With 6 others
- **Jul** **[Kinematic Trees](https://millionrounds.com/company/kinematic-trees)** Pre-seed · GB **$778K** With 1 other
- **Jul** **[Hadean](https://millionrounds.com/company/hadean)** Grant · GB **$114K** With 3 others
- **Jul** **[Alchemab Therapeutics](https://millionrounds.com/company/alchemab-therapeutics)** Series A · GB **$34M** With 4 others
- **Jul** **[Elliptic](https://millionrounds.com/company/elliptic)** Series D · GB · Firms' own news pages **$120M** With 7 others
- **Jun** **[Oxford Quantum Circuits](https://millionrounds.com/company/oxford-quantum-circuits)** Series C · GB · Silicon Canals **$350M** With 11 others
- **Jun** **[IMU Biosciences](https://millionrounds.com/company/imu-biosciences)** Series A · GB · Ventureburn **$53M** With 3 others
- **Jun** **[Space Forge](https://millionrounds.com/company/space-forge)** Grant · GB **$13M** With 4 others
- **May** **[Elliptic](https://millionrounds.com/company/elliptic)** Growth · GB · TechStartups **$120M** With 4 others
- **May** **[Quantum Motion](https://millionrounds.com/company/quantum-motion)** Series C · GB · TechStartups **$160M** With 10 others
- **May** **[Cytospire Therapeutics](https://millionrounds.com/company/cytospire-therapeutics)** Series A · GB · Ventureburn **$83M** With 9 others
- **May** **[Neurovalens](https://millionrounds.com/company/neurovalens)** Venture · GB **Undisclosed** With 2 others
- **May** **[Kraken Oil & Gas](https://millionrounds.com/company/kraken-oil-and-gas)** Debt · US **$400M** With 1 other
- **May** **[Allica Bank](https://millionrounds.com/company/allica-bank)** Debt · GB **$20M** With 2 others
- **May** **[Luna Pet Healthcare](https://millionrounds.com/company/luna-pet-healthcare)** Seed · GB **$952K** With 2 others
- **Apr** **[Ineffable Intelligence](https://millionrounds.com/company/ineffable-intelligence)** Seed · GB · TechCrunch **$1.1B** With 9 others
- **Apr** **[StirLight](https://millionrounds.com/company/stirlight)** Pre-seed · GB **$1.0M** With 2 others
- **Apr** **[Oxbury Bank](https://millionrounds.com/company/oxbury-bank)** Debt · GB **$13M** With 1 other
- **Mar** **[Regeno Energy](https://millionrounds.com/company/regeno-energy)** Pre-seed · GB **$564K** With 2 others
- **Mar** **[Northern Gritstone](https://millionrounds.com/company/northern-gritstone)** Debt · GB **$13M** Sole investor
- **Mar** **[Payr](https://millionrounds.com/company/payr)** Seed · GB **$2.1M** With 1 other
- **Feb** **[Wayve](https://millionrounds.com/company/wayve)** Series D · GB · TechCrunch **$1.2B** With 16 others
- **Feb** **[Tembo](https://millionrounds.com/company/tembo)** Growth · GB · Gresham House Ventures **$22M** With 6 others
- **Feb** **[Pontiro](https://millionrounds.com/company/pontiro)** Seed · GB **$481K** With 2 others
- **Feb** **[SatVu](https://millionrounds.com/company/satvu)** Venture · GB **$41M** With 3 others
- **Feb** **[Funding Circle](https://millionrounds.com/company/funding-circle)** Debt · GB **$1.1B** With 4 others
- **Feb** **[Apoello](https://millionrounds.com/company/apoello)** Pre-seed · GB **$637K** With 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **12** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

Funds they back

## 25 fund commitments on record

- **Managers:** 23

Every fund on record that it has committed money to, and the managers who invest it. Source: an LP list and fund news.

Managers it backs most

- [Eka Ventures 2 funds](https://millionrounds.com/fund/eka-ventures)
- [Osney Capital 2 funds](https://millionrounds.com/fund/osney-capital)
- [Accelerated Digital Ventures 1 fund](https://millionrounds.com/fund/accelerated-digital-ventures)
- [Ada Ventures 1 fund](https://millionrounds.com/fund/ada-ventures)
- [Atlantic Bridge Capital 1 fund](https://millionrounds.com/fund/atlantic-bridge-capital)
- [Claret Capital Partners 1 fund](https://millionrounds.com/fund/claret-capital-partners)
- [Concept Ventures 1 fund](https://millionrounds.com/fund/concept-ventures)
- [Connect Ventures 1 fund](https://millionrounds.com/fund/connect-ventures)
- [Elbow Beach 1 fund](https://millionrounds.com/fund/elbow-beach)
- [Entrepreneur First Next Stage 1 fund](https://millionrounds.com/fund/entrepreneur-first-next-stage)
- [Form Ventures 1 fund](https://millionrounds.com/fund/form-ventures)
- [Imbiba 1 fund](https://millionrounds.com/fund/imbiba)

Most recent commitments

- [Accelerated Digital Ventures](https://millionrounds.com/fund/accelerated-digital-ventures)
- [Ada Ventures](https://millionrounds.com/fund/ada-ventures)
- [Atlantic Bridge Capital](https://millionrounds.com/fund/atlantic-bridge-capital)
- [Claret Capital Partners CEGCF IV (Fund IV)](https://millionrounds.com/fund/claret-capital-partners)
- [Concept Ventures](https://millionrounds.com/fund/concept-ventures)
- [Connect Ventures Fund V](https://millionrounds.com/fund/connect-ventures)
- [EKA Ventures](https://millionrounds.com/fund/eka-ventures)
- [Eka Ventures Fund II](https://millionrounds.com/fund/eka-ventures)
- [Elbow Beach Climate Impact Fund 2](https://millionrounds.com/fund/elbow-beach)
- [Entrepreneur First Next Stage](https://millionrounds.com/fund/entrepreneur-first-next-stage)
- [Form Ventures](https://millionrounds.com/fund/form-ventures)
- [Imbiba new £90m fund](https://millionrounds.com/fund/imbiba)
- [Intrepid Growth Partners inaugural fund](https://millionrounds.com/fund/intrepid-growth-partners)
- [JamJar Investments](https://millionrounds.com/fund/jamjar-investments)

And 11 earlier commitments.

## The cheque

Debt Growth Pre-seed

Median round joined **$6.2M** the round, not its cheque Alone, median **$2.5M**

Led 2 of 104 rounds **2%**

- **Sole investor:** 17 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Venture *18*
- Seed said *16*
- Series A said *14*
- Pre-seed said *13*
- Debt said *12*
- Series B said *8*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [SFC Capital](https://millionrounds.com/fund/sfc-capital) 12
- [Innovate UK](https://millionrounds.com/fund/innovate-uk) 11
- [Haatch](https://millionrounds.com/fund/haatch) 7
- [Oxford Science Enterprises](https://millionrounds.com/fund/oxford-science-enterprises) 7
- [Scottish Enterprise](https://millionrounds.com/fund/scottish-enterprise) 6
- [Maven Capital Partners](https://millionrounds.com/fund/maven-capital-partners) 4

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## Who they invest alongside

The investors most often in the same rounds as British Business Bank. A count of rooms they were both in, not a relationship either has claimed.

[**SFC Capital** Angel network **12** rounds together](https://millionrounds.com/fund/sfc-capital)[**Innovate UK** VC firm **11** rounds together](https://millionrounds.com/fund/innovate-uk)[**Haatch** VC firm **7** rounds together](https://millionrounds.com/fund/haatch)[**Oxford Science Enterprises** VC firm **7** rounds together](https://millionrounds.com/fund/oxford-science-enterprises)[**Scottish Enterprise** Government **6** rounds together](https://millionrounds.com/fund/scottish-enterprise)[**Maven Capital Partners** Private equity **4** rounds together](https://millionrounds.com/fund/maven-capital-partners)[**Octopus Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/octopus-ventures)[**The FSE Group** VC firm **4** rounds together](https://millionrounds.com/fund/the-fse-group)[**Development Bank of Wales** Government **3** rounds together](https://millionrounds.com/fund/development-bank-of-wales)[**Entrepreneur First** Accelerator **3** rounds together](https://millionrounds.com/fund/entrepreneurs-first)[**IP Group** VC firm **3** rounds together](https://millionrounds.com/fund/ip-group)[**IQ Capital** VC firm **3** rounds together](https://millionrounds.com/fund/iq-capital)

## Recently backed

The latest companies British Business Bank put money into.

[**OMass Therapeutics** $310M · Oct 2026](https://millionrounds.com/company/omass-therapeutics)[**Salience Labs** $125M · Oct 2026](https://millionrounds.com/company/salience-labs)[**Living Optics** $20M · Oct 2026](https://millionrounds.com/company/living-optics)[**Microbiotica** $35M · Sept 2026](https://millionrounds.com/company/microbiotica)[**SolarSub** $1.8M · Sept 2026](https://millionrounds.com/company/solarsub)[**INTELLIGENT MASS SPEC SOLUTIONS** $1.5M · Sept 2026](https://millionrounds.com/company/intelligent-mass-spec-solutions)

## On podcasts

1 episode naming British Business Bank in the title, and 4 more that mention it.

- [Angel Insights](https://millionrounds.com/podcasts/angel-insights) 22 Jun 2016 · 27 min What Is A Reasonable IRR For Angel Investors with Tim Mills @ British Business Bank Mentions [British Business Bank](https://millionrounds.com/fund/national-security-strategic-investment-fund)[Merrill Lynch](https://millionrounds.com/fund/merrill-lynch) Apple PodcastsShow page

### Mentioned in

- [Scaling Europe](https://millionrounds.com/podcasts/scaling-europe) 30 Jul 2026 · 27 min Patrick Murphy, Partner at Tapestry VC: Backing the repeat founders behind Europe's unicorns Apple PodcastsShow page
- [Startup Europe](https://millionrounds.com/podcasts/sifted) 11 Jun 2026 · 45 min Newton Venture Program CEO Anu Adebajo on Europe’s ‘zombie funds’ Apple Podcasts
- [Fintech Insider](https://millionrounds.com/podcasts/fintech-insider) 6 Dec 2021 · 60 min 586. News: Has the Financial Conduct Authority freed up Open Banking? Apple PodcastsShow page
- [Angel Insights](https://millionrounds.com/podcasts/angel-insights) 6 Aug 2016 · 25 min The Ultimate Investor Resource Kit (Series Highlights) Apple PodcastsShow page

## Quick answers about British Business Bank

### What does British Business Bank invest in?

British Business Bank invests most often at Venture and Seed (42% of the rounds on record), in sectors such as Agriculture, Machine Learning and Authentication.

### How active is British Business Bank?

104 investments on record, 51 of them in the last 12 months, and it led 2. The most recent was in Oct 2026.

### What has British Business Bank invested in recently?

Its most recent investments on record: FSE Group (Debt, Oct 2026), OMass Therapeutics (Series C, Oct 2026) and Salience Labs (Series B, Oct 2026).

### How big are British Business Bank's cheques?

The median round it joins is $6.2M.

### Does British Business Bank lead rounds?

Sometimes: it led 2 of its 104 investments on record (2%).

### Where does British Business Bank invest?

Most of the companies it backs are in the United Kingdom (98%).

### Is British Business Bank investing now?

Yes: it is actively investing, with 51 investments in the last 12 months.

### Who does British Business Bank invest alongside?

Most often SFC Capital (12 rounds together), Innovate UK (11 rounds together) and Haatch (7 rounds together).

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