What does National Wealth Fund invest in?
National Wealth Fund invests most often at Debt and Venture (88% of the rounds on record), in sectors such as Hardtech, New Materials and Photovoltaic.

United Kingdom · Investor
Last cheque observed Oct 2026; 25 cheques on record.
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11 cheques in the last 12 months
Mostly Debt and Venture: 88% of its rounds
Sole investor in 10 rounds, median $126M
We're a mission-driven investor with the capital, expertise and ambition to unlock the UKFrom their own website
Every round we can evidence, newest first25 appearances
6 rounds
12 rounds
5 rounds
2 rounds
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 investors most often in the same rounds as National Wealth Fund. A count of rooms they were both in, not a relationship either has claimed.
The latest companies National Wealth Fund put money into.
National Wealth Fund invests most often at Debt and Venture (88% of the rounds on record), in sectors such as Hardtech, New Materials and Photovoltaic.
25 investments on record, 11 of them in the last 12 months. The most recent was in Oct 2026.
Its most recent investments on record: Cornish Metals (Undisclosed round, Oct 2026), Rowden Technologies (Seed, May 2026) and InstaVolt (Debt, May 2026).
The median round it joins is $132M. It says it writes cheques of $31M to $100M.
Rarely, if at all: none of its 25 investments on record names it as the lead.
Most of the companies it backs are in the United Kingdom (96%).
Yes: it is actively investing, with 11 investments in the last 12 months.
Most often ABN AMRO Fund (3 rounds together), CIBC (3 rounds together) and Santander (3 rounds together).
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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it