# UK government: portfolio, investments and team

> UK government is a government. 41 investments on record, 13 in the last 12 months, latest Jul 2026. Portfolio, stages, co-investors and team.

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

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

# UK government

Last cheque observed Jul 2026; 41 cheques on record.

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Deploying now Government

Grant Venture Seed Education Renewable Energy

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Deploying now

**81%** of best year **13** **cheques in 12 months**, 41 on record

Since the last cheque **122** days **00** hrs **00** min **00** sec

Median round **$2.2M** Rounds led **0 of 41** Sole investor **12 rounds** Mostly in **United Kingdom, 97%**

Pitch UK government

## UK government highlights

- 01 13 cheques in the last 12 months
- 02 Mostly Grant and Venture: 72% of its rounds
- 03 Sole investor in 12 rounds, median $3.1M

## What they do

- **Type:** Government (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Education Renewable Energy
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **41 appearances**

- **2026** 9 rounds
- **Jul** **[Chargy](https://millionrounds.com/company/chargy)** Grant · ES **$3.8M** Sole investor
- **Jul** **[PolyBox.app](https://millionrounds.com/company/polybox-app)** Pre-seed · GB **$535K** With 1 other
- **Jun** **[Hexigone Inhibitors](https://millionrounds.com/company/hexigone-inhibitors)** Seed · GB **$1.6M** With 2 others
- **Apr** **[Altilium](https://millionrounds.com/company/altilium)** Grant · GB · Ventureburn **$25M** With 3 others
- **Apr** **[Exergy3](https://millionrounds.com/company/exergy3)** Seed · GB · Firms' own news pages **$14M** With 6 others
- **Apr** **[twig bio](https://millionrounds.com/company/twig-bio)** Venture · GB **Undisclosed** With 3 others
- **Apr** **[FluoRok](https://millionrounds.com/company/fluorok)** Grant · GB **$806K** With 2 others
- **Feb** **[Humber Freeport](https://millionrounds.com/company/humber-freeport)** Grant **$1.8M** Sole investor
- **Feb** **[Descycle](https://millionrounds.com/company/descycle)** Grant · GB **$2.6M** With 4 others
- **2025** 14 rounds
- **Dec** **[MiAlgae](https://millionrounds.com/company/mialgae)** Grant · GB **$2.0M** With 4 others
- **Dec** **[Compact Syngas Solutions](https://millionrounds.com/company/compact-syngas-solutions)** Venture · GB **Undisclosed** Sole investor
- **Dec** **[Future Greens](https://millionrounds.com/company/future-greens)** Seed · GB **$456K** With 3 others
- **Dec** **[AUDITSU](https://millionrounds.com/company/auditsu)** Seed · GB **$266K** Sole investor
- **Oct** **[ETZ](https://millionrounds.com/company/etz)** Grant · GB **$23M** With 1 other
- **Oct** **[1Energy](https://millionrounds.com/company/1energy)** Grant · GB **$23M** Sole investor
- **Aug** **[FluoRok](https://millionrounds.com/company/fluorok)** Grant · GB **$2.0M** With 2 others
- **Jul** **[Ionic Technologies](https://millionrounds.com/company/ionic-technologies)** Grant · GB **$11M** With 1 other
- **Jul** **[RheEnergise](https://millionrounds.com/company/rheenergise)** Grant · GB **$2.9M** With 2 others
- **Apr** **[Coventry College](https://millionrounds.com/company/coventry-college)** Grant · GB **$1.7M** Sole investor
- **Mar** **[HV Systems](https://millionrounds.com/company/hv-systems)** Venture · GB **$39M** With 1 other
- **Mar** **[Waterwhelm](https://millionrounds.com/company/waterwhelm)** Seed · GB **$1.1M** Sole investor
- **Jan** **[Orbex Space](https://millionrounds.com/company/orbex-space)** Series D · GB · TechStartups **$29M** With 3 others
- **Jan** **[Altilium Clean Technology](https://millionrounds.com/company/altilium-clean-technology)** Series B · GB **$5.0M** With 1 other
- **2024** 4 rounds
- **Oct** **[Smart Green Shipping](https://millionrounds.com/company/smart-green-shipping)** Venture · GB **$1.3M** With 2 others
- **Sept** **[Exergy3](https://millionrounds.com/company/exergy3)** Pre-seed · GB **$1.3M** With 2 others
- **Jun** **[Alan Turing Institute](https://millionrounds.com/company/alan-turing-institute)** Grant · GB **$3.9M** Sole investor
- **May** **[Phytoform Labs](https://millionrounds.com/company/phytoform-labs)** Grant · GB **$1.3M** With 4 others
- **2023** 10 rounds
- **Oct** **[Oak National Academy](https://millionrounds.com/company/oak-national-academy)** Grant · GB **$2.4M** Sole investor
- **Sept** **[Open Cosmos](https://millionrounds.com/company/open-cosmos)** Series B · GB **$50M** With 3 others
- **Sept** **[Navenio](https://millionrounds.com/company/navenio)** Series A · GB **$6.3M** With 3 others
- **Aug** **[H2GO Power](https://millionrounds.com/company/h2go-power)** Grant · GB **$166K** With 1 other
- **Jul** **[MoltexFLEX](https://millionrounds.com/company/moltexflex)** Grant · GB **$1.7M** With 1 other
- **Mar** **[FinTech Scotland](https://millionrounds.com/company/fintech-scotland)** Venture · GB **Undisclosed** Sole investor
- **Mar** **[Gravitricity](https://millionrounds.com/company/gravitricity)** GB **$992K** With 2 others
- **Feb** **[HV Systems](https://millionrounds.com/company/hv-systems)** Grant · GB **$8.2M** Sole investor
- **Feb** **[RheEnergise](https://millionrounds.com/company/rheenergise)** Venture · GB **Undisclosed** With 1 other
- **Jan** **[Air For Life](https://millionrounds.com/company/air-for-life)** Grant · GB **$1.2M** With 1 other
- **2022** 3 rounds
- **Nov** **[StorTera](https://millionrounds.com/company/stortera)** Grant · GB **$6.0M** Sole investor
- **Aug** **[SafetyNet Technologies](https://millionrounds.com/company/safetynet-technologies)** Venture · GB **Undisclosed** With 2 others
- **Jul** **[Volant Autonomy](https://millionrounds.com/company/volant-autonomy)** Grant · GB **$1.5M** With 3 others

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 cheque

Grant Venture Seed

Median round joined **$2.2M** the round, not its cheque Alone, median **$3.1M**

Led 0 of 41 rounds **0%**

- **Sole investor:** 12 rounds
- **Last cheque:** Jul 2026

Rounds by stage said on their site

- Grant *21*
- Venture *7*
- Seed *5*
- Pre-seed *2*
- Series B *2*
- Series D *2*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Innovate UK](https://millionrounds.com/fund/innovate-uk) 7
- [Crowdcube](https://millionrounds.com/fund/crowdcube) 5
- [Scottish Enterprise](https://millionrounds.com/fund/scottish-enterprise) 5
- [Business Growth Fund](https://millionrounds.com/fund/bgf) 4
- [Advanced Propulsion Centre UK](https://millionrounds.com/fund/advanced-propulsion-centre-uk) 3
- [Future Planet Capital](https://millionrounds.com/fund/future-planet-capital) 3

**Pitching UK government?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

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

[**Innovate UK** VC firm **7** rounds together](https://millionrounds.com/fund/innovate-uk)[**Crowdcube** VC firm **5** rounds together](https://millionrounds.com/fund/crowdcube)[**Scottish Enterprise** Government **5** rounds together](https://millionrounds.com/fund/scottish-enterprise)[**Business Growth Fund** Private equity **4** rounds together](https://millionrounds.com/fund/bgf)[**Advanced Propulsion Centre UK** Government **3** rounds together](https://millionrounds.com/fund/advanced-propulsion-centre-uk)[**Future Planet Capital** VC firm **3** rounds together](https://millionrounds.com/fund/future-planet-capital)[**Old College Capital Lp** VC firm **3** rounds together](https://millionrounds.com/fund/old-college-capital)[**Oxford Science Enterprises** VC firm **3** rounds together](https://millionrounds.com/fund/oxford-science-enterprises)[**Mizuho Corporate Bank** VC firm **2** rounds together](https://millionrounds.com/fund/mizuho-corporate-bank)

## Recently backed

The latest companies UK government put money into.

[**PolyBox.app** $535K · Jul 2026](https://millionrounds.com/company/polybox-app)[**Hexigone Inhibitors** $1.6M · Jun 2026](https://millionrounds.com/company/hexigone-inhibitors)[**Exergy3** $14M · Apr 2026](https://millionrounds.com/company/exergy3)[**FluoRok** $806K · Apr 2026](https://millionrounds.com/company/fluorok)[**Descycle** $2.6M · Feb 2026](https://millionrounds.com/company/descycle)[**MiAlgae** $2.0M · Dec 2025](https://millionrounds.com/company/mialgae)

## Quick answers about UK government

### What does UK government invest in?

UK government invests most often at Grant and Venture (72% of the rounds on record), in sectors such as Education and Renewable Energy.

### How active is UK government?

41 investments on record, 13 of them in the last 12 months. The most recent was in Jul 2026.

### What has UK government invested in recently?

Its most recent investments on record: Chargy (Grant, Jul 2026), PolyBox.app (Pre-seed, Jul 2026) and Hexigone Inhibitors (Seed, Jun 2026).

### How big are UK government's cheques?

The median round it joins is $2.2M.

### Does UK government lead rounds?

Rarely, if at all: none of its 41 investments on record names it as the lead.

### Where does UK government invest?

Most of the companies it backs are in the United Kingdom (97%).

### Is UK government investing now?

Yes: it is actively investing, with 13 investments in the last 12 months.

### Who does UK government invest alongside?

Most often Innovate UK (7 rounds together), Crowdcube (5 rounds together) and Scottish Enterprise (5 rounds together).

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