BB
LP profile
British Business Bank
Sovereign wealth · Founded 2014 · Sheffield, United Kingdom
98
VC firms backed
$4.9B
AUM
01 · Background
Who British Business Bank is.
- Historical Background
- The British Business Bank is a state-owned economic development bank, established by the UK Government in 2014 to increase the supply of credit to small and medium-sized enterprises. It is structured as a public limited company, wholly owned by the UK's Department for Business and Trade.
- Source of Capital
- The institution is capitalized by the UK Government. It does not take deposits or operate as a traditional bank; its funding is allocated by the government to support its various finance programmes.
- Major Events
- In 2018, the bank's mandate was expanded, positioning it as a center of expertise on smaller business finance for all UK government bodies. The bank has been responsible for delivering significant government initiatives, including the Start Up Loans programme, which has provided over £1 billion in financing since its inception in 2012.
- Allocation Strategy
- The bank focuses on debt and equity investments in smaller UK businesses, operating indirectly through a network of over 130 partners, including banks, venture capital funds, and web-based lending platforms. It has a broad geographic focus across the entire UK and supports businesses across multiple sectors, with a stated aim to enable the transition to a net-zero economy. The bank recently committed a further £6.6 billion in capital to bolster innovation and growth among small firms, with £4 billion of that total designated for eight key sectors.
02 · Fund commitments
The funds British Business Bank backs.
British Business Bank is a limited partner in 98 funds. 9 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
Balderton Capital
#59 Power Law
Partech
#72 Power Law
Eurazeo
#90 Power Law
Seedcamp
#94 Power Law
Passion Capital
#174 Power Law
Atomico
#177 Power Law
Episode 1 Ventures
#353 Power Law
OurCrowd
#434 Power Law
Amadeus Capital Partners
#466 Power Law
7percent Ventures
Accelerated Digital Ventures - ADV
ACF Investors
Active Partners
Epidarex Capital
Growth Lending
Tapestry VC
TTCP
Viola Credit
03 · Allocation
How British Business Bank’s fund book is spread.
The 98 funds British Business Bank backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- Europe 9294%
- North America 44%
- Rest of world 22%
United Kingdom 88 · United States 4 · France 3 · Israel 2
How established those managers are
Managers grouped by how many funds they have raised — across the 88 of 98 with a fund history on record.
Emerging funds · 57
Established funds · 31
19
1
27
2
11
3
7
4
8
5-6
10
7-9
2
10-14
4
15+
Funds raised by the manager
05 · Direct investments
The companies British Business Bank backs directly.
British Business Bank holds 91 companies directly, separate from the funds it commits to as a limited partner. Broken down by headquarters country, sector, entry stage and current growth stage.
By countryCount
-
UK184
-
Canada1
-
Finland1
-
Poland1
-
Spain1
By sectorCount
-
Health32
-
Fintech24
-
Energy19
-
Enterprise Software16
-
Food15
-
Real Estate10
-
Robotics10
-
Home Living9
-
Fashion6
-
Sports6
-
Transportation6
-
Education5
By growth stageCount
-
Early Growth133
-
Breakout Stage28
-
Late Growth23
-
Mature6
06 · Portfolio market map
Inside British Business Bank’s portfolio.
The 60 highest-funded portfolio companies, of 91 tracked.
WaWayve
$8.6B
ICICEYE
$11B
InIneffable Intelligence
$5.1B
KrKraken
$8.7B
AtAtom Bank
$480M
OxOxford Quantum Circuits
$1.4B
AlAllica Bank
$1.2B
FuFunding Circle
$1.0B
QuQuantum Motion
$640M
NuNuclera
$48M
ElElliptic
$670M
StStream
$360M
DrDraig Therapeutics
$700M
PoPolyAI
$750M
DeDexory
$500M
KrKriya
$422M
KrKraken Technology
$1.0B
TeTenpoint Therapeutics
$340M
AlAlchemab Therapeutics
$133M
RiRiverlane
$310M
OxOxbury bank
$132M
NRNRG Therapeutics
$331M
SaSatVu
$159M
MaMaxion Therapeutics
$306M
IcIceotope
$199M
CyCytospire Therapeutics
$323M
CyCyted
$152M
IMIMU Biosciences
$212M
SpSpace Forge
$119M
QuQuantuMDx
$79M
EpEpilepsyGTx
$132M
BaBaanx Group
$80M
PoPortal Biotech
$140M
AnAnimal Dynamics
$53M
CiCirdan
$29M
C-C-Capture
$66M
ThThird Space Learning
$31M
WaWayland Additive
$31M
CaCalcivis
$26M
LiLightpoint Medical
$31M
LeLeucid Bio
$76M
B-B-Secur
$30M
BiBillon
$32M
ClClim8
$15M
CoCorrosionRADAR
$26M
CyCytomos
$26M
ZeZedify
$33M
PrPromethean Particles
$42M
NeNeuronostics
$16M
HaHalalBooking
$102M
BoBower Collective
$26M
RyRyft
$30M
RoRolemapper
$14M
ScScreach
$7.6M
LuLuthmore
$29M
SpSpinview
$29M
InInyanga Marine Energy Group
$20M
ReRecruitment Smart Technologies
$11M
MyMySense
$9.0M
NeNeverwaste
$26M
07 · Portfolio founders
Where British Business Bank’s portfolio founders come from.
145 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.
LocationCount
-
United Kingdom133
-
Australia3
-
Finland2
-
Poland2
-
Canada1
-
Italy1
-
Spain1
UniversityCount
-
University of Cambridge18
-
University of Oxford8
-
London School of Economics and Political Science6
-
University of Strathclyde4
-
Cranfield University3
-
Kingston University3
-
London Business School3
-
The University of Manchester3
-
University of Birmingham3
-
University of Bristol3
Previous companyCount
-
EY5
-
HP Enterprise3
-
IBM3
-
Lloyds Banking Group3
-
University of Birmingham3
-
University of Bristol3
-
University of Cambridge3
-
University of Exeter3
-
Accenture2
-
Alphabet | Google2
08 · Other LPs
Other LPs.
Other sovereign wealth funds in the Power Law LP ranking, closest to British Business Bank by combined power-law score, with the assets each one manages and how many VC funds it backs.