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Haatch Secures Additional £10 Million Investment from British Business Investments, Increasing Total Commitment to £20 Million

Press release 06 February 2025

  • British Business Investments, a commercial subsidiary of the British Business Bank, has doubled its commitment to invest alongside Haatch’s SEIS,EIS funds and angel network to £20 million
  • The investment allows Haatch to continue to exceed the typical SEIS funding cap, adding £85,000 to each £250,000 investment made
  • Haatch was recently quoted as ‘The best established (S)EIS Manager of its age’ by Hardman & Co (2025)
  • Haatch and British Business Investments have co-invested in 93 companies, including Aerocloud (recent $12 m Series A) and Data Literacy Academy, which recently secured a 7-figure client contract after receiving pre-revenue backing from Haatch and British Business Investments

British Business Investments, a British Business Bank commercial subsidiary, has increased its commitment to invest alongside Haatch’s SEIS,EIS funds and angel network by an additional £10 million. This brings British Business Investments total investment in Haatch to £20 million through its Regional Angels Programme, aimed at increasing access to capital for early-stage businesses across the UK.

The Regional Angels Programme is designed to support early-stage businesses by increasing the availability of capital across the UK. The additional investment, alongside the SEIS, EIS, and soon-to-be-announced future funds, will expand startup funding opportunities within the SEIS and EIS schemes.

Haatch and British Business Investments have co-invested in 93 companies, including Aerocloud, which recently closed a $12 million Series A round. Haatch has backed over 120 companies in total, with a collective portfolio valuation exceeding £900 million. Other notable investments include Data Literacy Academy, who were invested in at pre-revenue.

Haatch was recently named “The best established (S)EIS Manager of its age” by independent investment research firm Hardman & Co (2025). The additional investment from British Business Investments further supports Haatch’s ongoing investment activities in the early-stage B2B SaaS sector.

This continued partnership with British Business Investments reinforces confidence in Haatch’s investment strategy and due diligence processes, further validating its approach to backing and scaling early-stage B2B SaaS businesses.

Scott Weavers-Wright OBE, Co-founder and General Partner at Haatch, commented: 

We are proud to strengthen our partnership with British Business Investments. Their increased commitment enables us to continue supporting high-growth businesses across the UK and drive more capital into underserved regions, building on our track record of already investing over 70% outside of London. This validation of our strategy reinforces Haatch’s ability to scale investments and deliver long-term success for our portfolio companies and investors.

Adam Kelly, Managing Director, British Business Investments, said:

We are pleased to continue our support for Haatch with a new commitment of £10 million, taking our investment to £20 million. Our Regional Angels Programme is designed to address imbalances in access to early-stage finance in the UK, and to increase the overall amount of capital available to smaller businesses through angel networks. This further investment will allow Haatch to continue to drive more capital into the Nations and regions of the UK.

Further Information 

For more information about investing with Haatch, visit haatch.com or contact them at [email protected].

Notes to editors

About Haatch

Founded by Scott Weavers-Wright OBE and Fred Soneya in 2013 as an angel co-investment joint venture under the ‘Haatch Angel’ brand, Haatch is an award-winning pre-seed and seed stage fund manager backing B2B SaaS businesses solving deep pains and/or creating large impact for organisations.

In 2018, Haatch launched the Haatch EIS fund before launching the Haatch SEIS fund in 2021. These funds provide Investors with access to what Haatch deems an extremely exciting early-stage and scale-up investment portfolio. Haatch now has a portfolio of over 100 companies, into which it has made 150+ investments. The portfolio is now valued at over £900 million.

The four partners of Haatch are all entrepreneurs in their own right, and between them have $200 million in exits, providing the Haatch portfolio with active hands-on support.

About British Business Investments

British Business Investments Limited is a wholly owned commercial subsidiary of British Business Bank plc the UK government’s economic development bank. British Business Investments aims to improve access to alternative finance for smaller businesses across the whole of the UK, while supporting the UK’s transition to a net zero economy and generating a return for the UK taxpayer. Find out more at British Business Investments.

British Business Investments Limited is registered in England and Wales with company number 09091930, and registered office at Steel City House, West Street, Sheffield, S1 2GQ. British Business Bank plc is owned by HM Government and is registered in England and Wales with company number 08616013, and registered office at Steel City House, West Street, Sheffield, S1 2GQ.

British Business Bank plc and its subsidiary entities are not banking institutions and do not operate as such. They are not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). A complete legal structure chart for the group can be found on the British Business Bank plc website.

The transaction described above does not constitute or imply any endorsement, warranty or recommendation by the UK government, British Business Bank plc or its subsidiaries or any other party in respect of Haatch or its products or services.

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