The British Business Bank has committed £180 million across six AI and deeptech venture capital firms, including Evantic and Entrepreneurs First. The investments target early-stage startups in healthcare, climate, and enterprise software.
The six funds receiving capital are Felix Capital, Zywie, Balderton Capital, Index Ventures, Northzone, and Vienna Capital. These firms manage portfolios spanning machine learning, quantum computing, and biotechnology.
The initiative aims to strengthen the UK’s position in global AI development. The Bank’s CEO emphasized the strategic importance of supporting domestic innovation ecosystems. This move follows increased government funding for science and technology sectors.
The investments are part of a broader effort to accelerate AI adoption across British industries. Officials hope these funds will help scale homegrown startups into international competitors.
Source: Sifted · Summarized by HeadlinesBriefing