The British Business Bank has committed a further £25m to support emerging and diverse angel syndicates across the UK, bringing total investment in the platform to £32m.

The funding is being deployed through a vehicle managed by Haatch, an early-stage VC firm and existing partner of the Bank. The expanded commitment follows an initial £7m investment last year into a first cohort of five angel syndicates.

The initiative is designed to channel capital into high-performing but recently established syndicates, helping to widen access to early-stage funding and improve diversity within the UK startup ecosystem.

Syndicates already backed through the partnership include HERmesa, a women-led angel network focused on tech-enabled startups; CircleRock Capital, a sector-agnostic early-stage platform; The Games Angels, which specialises in gaming; Sie Ventures, investing in diverse founding teams; and 2050 Capital, a deep tech and science investor.

Since launching in May 2025, the platform has invested in 13 companies across the UK, spanning regions from Cornwall and Cardiff to Cambridge and London. The investments cover healthcare, sustainability and deep technology.

Backed companies include Ensilicated Technologies, which is developing technology to remove the need for cold-chain vaccine storage; Motics Technologies, an AI-powered healthcare automation platform; and Mimicrete, which is working on bio-inspired self-healing concrete. Other recipients include TurinTech.ai, a University College London spinout focused on AI-driven code optimisation, and CheMastery Group, a chemistry automation startup.

The programme has also supported founders from a broad range of backgrounds, including a Savile Row-trained designer, a practising midwife and a Women in Innovation award winner.

Fred Soneya, co-founder and general partner at Haatch, said collaboration between investors was essential to ensure capital reaches the strongest early-stage companies. “By working with more syndicates from across the UK, we’re directing funding to some of the most innovative startups in the country,” he said.

Mark Barry, senior investment director at the British Business Bank, said the platform was now being scaled to reach additional syndicates nationwide.

The move reflects the Bank’s broader mandate to improve access to equity finance for early-stage businesses and to support innovation-driven growth across multiple sectors of the UK economy.

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British Business Bank and Haatch commit £32m to back diverse UK angel syndicates