British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, today announces up to a £10m commitment to Haatch Ventures (Haatch) through the Regional Angels Programme.

Haatch, headquartered in Stamford, Lincolnshire, is an early-stage investor and is led by founders Fred Soneya and Scott Weavers-Wright OBE, who have both founded and exited businesses themselves and have invested into more than 50 start-ups.

The commitment will allow Haatch to invest in high-growth digital and tech-enabled businesses across the UK. Haatch will invest in early-stage companies through its SEIS Fund and will provide follow-on capital to support high-performing companies through to Series A from its EIS and Follow-On EIS Funds.

Since Haatch was founded in 2013, it has invested in more than 50 early-stage digital transformation companies which are currently valued at over £400 million.

Judith Hartley, CEO, British Business Investments, said: “By investing alongside Haatch’s SEIS, EIS and follow-on funds, this commitment from British Business Investments will facilitate additional early-stage investment to smaller businesses across the UK.

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