# Who Invests With Business Growth Fund: 30 Co-Investors (2026)

> The 30 investors that have backed two or more of the same startups as Business Growth Fund, by kind: vc firms, corporate investors and private equity and...

Source: https://millionrounds.com/portfolio-maps/bgf-co-investors (Millionrounds; every figure on the page links to its filing or article)

## VC firms

16

- [Parkwalk](https://millionrounds.com/fund/parkwalk)
- [Octopus Ventures](https://millionrounds.com/fund/octopus-ventures)
- [Innovate UK](https://millionrounds.com/fund/innovate-uk)
- [LocalGlobe](https://millionrounds.com/fund/localglobe)
- [IP Group](https://millionrounds.com/fund/ip-group)
- [Amadeus Capital Partners](https://millionrounds.com/fund/amadeus-capital-partners)
- [Kindred Capital](https://millionrounds.com/fund/kindred-capital-vc)
- [Future Planet Capital](https://millionrounds.com/fund/future-planet-capital)
- [Crowdcube](https://millionrounds.com/fund/crowdcube)
- [Index Ventures](https://millionrounds.com/fund/index-ventures)
- [Playfair Capital](https://millionrounds.com/fund/playfair)
- [Barclays Corporate Banking](https://millionrounds.com/fund/barclays-corporate-banking)
- [Seedcamp](https://millionrounds.com/fund/seedcamp)
- [Supernova Invest](https://millionrounds.com/fund/supernova-invest)
- [Oxford Science Enterprises](https://millionrounds.com/fund/oxford-science-enterprises)
- [IQ Capital](https://millionrounds.com/fund/iq-capital)

## Corporate investors

5

- [Barclays Ventures](https://millionrounds.com/fund/barclays-ventures)
- [Eli Lilly](https://millionrounds.com/fund/eli-lilly)
- [Samsung Next](https://millionrounds.com/fund/samsung-next)
- [British Business Bank](https://millionrounds.com/fund/national-security-strategic-investment-fund)
- [Amadeus Ventures](https://millionrounds.com/fund/amadeus)

## Private equity and asset managers

5

- [Foresight Group](https://millionrounds.com/fund/foresight-group)
- [Octopus](https://millionrounds.com/fund/octopus)
- [Claret Capital Partners](https://millionrounds.com/fund/claret-capital-partners)
- [Maven Capital Partners](https://millionrounds.com/fund/maven-capital-partners)
- [Scottish Equity Partners](https://millionrounds.com/fund/scottish-equity-partners)

## Government funds

4

- [Scottish Enterprise](https://millionrounds.com/fund/scottish-enterprise)
- [Enterprise Ireland](https://millionrounds.com/fund/enterprise-ireland)
- [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator)
- [UK government](https://millionrounds.com/fund/uk-government)

## Segment by segment

### VC firms

16 investors

- [**Parkwalk**](https://millionrounds.com/fund/parkwalk) VC firm United Kingdom 15 backed
- [**Octopus Ventures**](https://millionrounds.com/fund/octopus-ventures) VC firm United Kingdom 9 backed
- [**Innovate UK**](https://millionrounds.com/fund/innovate-uk) VC firm United Kingdom 8 backed
- [**LocalGlobe**](https://millionrounds.com/fund/localglobe) VC firm United Kingdom 4 backed
- [**IP Group**](https://millionrounds.com/fund/ip-group) VC firm United Kingdom 3 backed
- [**Amadeus Capital Partners**](https://millionrounds.com/fund/amadeus-capital-partners) VC firm United Kingdom 3 backed
- [**Kindred Capital**](https://millionrounds.com/fund/kindred-capital-vc) VC firm United Kingdom 3 backed
- [**Future Planet Capital**](https://millionrounds.com/fund/future-planet-capital) VC firm United Kingdom 3 backed

### Corporate investors

5 investors

- [**Barclays Ventures**](https://millionrounds.com/fund/barclays-ventures) Corporate investor United Kingdom 4 backed
- [**Eli Lilly**](https://millionrounds.com/fund/eli-lilly) Corporate investor United States 3 backed
- [**Samsung Next**](https://millionrounds.com/fund/samsung-next) Corporate investor United States 2 backed
- [**British Business Bank**](https://millionrounds.com/fund/national-security-strategic-investment-fund) Corporate investor United Kingdom 2 backed
- [**Amadeus Ventures**](https://millionrounds.com/fund/amadeus) Corporate investor Spain 2 backed

### Private equity and asset managers

5 investors

- [**Foresight Group**](https://millionrounds.com/fund/foresight-group) Private equity United Kingdom 4 backed
- [**Octopus**](https://millionrounds.com/fund/octopus) Hedge fund Oman 2 backed
- [**Claret Capital Partners**](https://millionrounds.com/fund/claret-capital-partners) Investor United Kingdom 2 backed
- [**Maven Capital Partners**](https://millionrounds.com/fund/maven-capital-partners) Private equity United Kingdom 2 backed
- [**Scottish Equity Partners**](https://millionrounds.com/fund/scottish-equity-partners) Private equity United Kingdom 2 backed

### Government funds

4 investors

- [**Scottish Enterprise**](https://millionrounds.com/fund/scottish-enterprise) Government fund United Kingdom 4 backed
- [**Enterprise Ireland**](https://millionrounds.com/fund/enterprise-ireland) Government fund Ireland 4 backed
- [**EIC Accelerator**](https://millionrounds.com/fund/eic-accelerator) Government fund European Union 3 backed
- [**UK government**](https://millionrounds.com/fund/uk-government) Government fund - 3 backed

**How this map is made.** Every investor here has backed two or more of the same startups as Business Growth Fund, in rounds we track. Grouped by kind, each ranked by how many startups it shares with Business Growth Fund. Rebuilt nightly; updated 15 November 2026.

## More portfolio maps

[All portfolios](https://millionrounds.com/portfolio-maps)

[Portfolio map **Business Growth Fund portfolio map** 88 startups · $3.3B](https://millionrounds.com/portfolio-maps/bgf-portfolio-map)[Sector portfolio **Business Growth Fund's Energy portfolio** 11 startups · $912M](https://millionrounds.com/portfolio-maps/bgf-energy-portfolio)[Sector portfolio **Business Growth Fund's Healthtech portfolio** 10 startups · $376M](https://millionrounds.com/portfolio-maps/bgf-healthtech-portfolio)[Sector portfolio **Business Growth Fund's Biotech portfolio** 10 startups · $172M](https://millionrounds.com/portfolio-maps/bgf-biotech-portfolio)[Co-investors **Who invests with DST Global** 194 co-investors](https://millionrounds.com/portfolio-maps/dst-global-co-investors)[Co-investors **Who invests with Janus Henderson Investors** 80 co-investors](https://millionrounds.com/portfolio-maps/janus-henderson-investors-co-investors)

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