NS
National Security Strategic Investment Fund
Venture Capital · Founded 2012 · London, United Kingdom
Who National Security Strategic Investment Fund is.
- Historical Background
- The National Security Strategic Investment Fund (NSSIF) was established in 2018 as a joint initiative between the UK Government and the British Business Bank. It functions as the government's corporate venture capital arm, focusing on dual-use advanced technologies.
- Source of Capital
- The fund is backed by the UK Government. As of June 2023, the NSSIF has committed £220m to funds supported by the British Business Bank.
- Major Events
- The UK's 2021 Integrated Review of Security, Defence, Development and Foreign Policy included an expansion of the NSSIF to further invest in companies addressing national security and defence capability requirements.
- Allocation Strategy
- The fund's primary focus is on venture capital investments in early-stage companies. It targets UK-based companies developing advanced technologies with dual-use applications, meaning they have potential for both commercial and national security use. The NSSIF invests commercially alongside private sector investors, who have contributed £718m alongside the fund's investments as of June 2023.
The funds National Security Strategic Investment Fund backs.
National Security Strategic Investment Fund is a limited partner in 65 funds. 6 of them place in the Power Law Investor Ranking; those lead, best-ranked first.

















How National Security Strategic Investment Fund’s fund book is spread.
The 65 funds National Security Strategic Investment Fund backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- Europe 5991%
- North America 46%
- Rest of world 23%
United Kingdom 58 · United States 4 · Israel 1 · Singapore 1
How established those managers are
Managers grouped by how many funds they have raised — across the 52 of 65 with a fund history on record.
The companies National Security Strategic Investment Fund backs directly.
National Security Strategic Investment Fund holds 15 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. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.
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UK12
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Canada1
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Finland1
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Portugal1
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Semiconductors5
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Security4
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Space4
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Robotics3
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Telecom2
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Enterprise Software1
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Hosting1
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Transportation1
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Series A5
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Series B+5
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Seed3
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Late Growth7
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Breakout Stage6
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Early Growth2
Inside National Security Strategic Investment Fund’s portfolio.
The 15 highest-funded portfolio companies, of 14 tracked.
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MuWhere National Security Strategic Investment Fund’s portfolio founders come from.
24 founders across the 15 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.
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United Kingdom17
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Canada2
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Finland2
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Portugal2
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Australia1
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University of Cambridge4
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University of Oxford3
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Aalto University2
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University of Lisbon Higher Technical Institute - Tecnico Lisboa2
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King's College London1
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Kingston University1
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London Business School1
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Oxford Brookes University1
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Polytechnic University of Milan1
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Rutgers university1
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Thales Alenia Space2
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University of Cambridge2
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AAC Clyde Space1
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BAE Systems1
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Blue Bear Systems Research1
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BNP Paribas1
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CERN Pension Fund1
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Cosworth1
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Cranfield University1
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Formula One World Championship1
Other LPs.
Other LPs in the Power Law LP ranking, closest to National Security Strategic Investment Fund by combined power-law score — Europe first, then the nearest worldwide.
