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British Business Bank makes commitments to Seedcamp’s two new funds

Press release 22 June 2026

The British Business Bank has made commitments to two new funds being launched by Seedcamp: Seedcamp VII, its flagship first cheque fund, and Seedcamp Nation II, which focuses on backing high potential portfolio companies as they scale toward Series B and beyond.

The British Business Bank first invested in Seedcamp in 2017 with a cornerstone commitment to its Seedcamp IV, followed by a £15m commitment to Seedcamp V in 2020.

Founded in 2007, Seedcamp is one of Europe’s most established early stage venture platforms with more than $1bn of assets under management. Seedcamp has a reputation as a ‘first cheque’ partner, identifying and backing exceptional founders as the first institutional investor. The firm has backed more than 500 companies, including unicorns Revolut, Wise, UiPath, Synthesia, Fluidstack, and Pleo.

Seedcamp VII will back AI-native and software companies at pre-seed and seed stage, while Nation II will back the highest potential portfolio companies from Seedcamp’s earlier stage funds as they look to scale toward Series B and beyond. This approach aligns with the Bank’s objective of increasing the availability of scale up funding.

Christine Hockley, Managing Director and Co-Head of Funds, British Business Bank, Funds said:

We first backed Seedcamp almost a decade ago and have seen them grow into one of Europe’s leading venture investors. The team has played a major role in building the UK’s startup ecosystem and these new funds will help create and nurture the next generation of UK tech champions.

Chris Smart, Director, British Business Bank said:

Seedcamp has established itself as one of Europe’s most recognised early‑stage managers, with a strong track record of identifying and backing category‑defining companies from inception to through to global scale. Their success demonstrates the depth of talent in the ecosystem and the significant opportunity available to investors.

Carlos Espinal, Managing Partner at Seedcamp said:

The last 20 years of European tech created companies that proved Europe could win. The next 20 will create companies that define entire industries globally from day one. That shift is already happening - and our job is to back the founders building before everyone else sees it.

Further Information

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Notes to editors

About British Business Bank

The British Business Bank is the UK government’s economic development bank. Established in November 2014, its mission is to drive economic growth by helping smaller businesses get the finance they need to start, scale and stay in the UK. In doing so, we help capture the economic value of innovation for the UK and create jobs and prosperity for people across the country.

The British Business Bank’s core programmes support £23bn 1  of finance to almost 64,000 2  smaller businesses.

British Business Bank plc is a public limited company registered in England and Wales, registration number 08616013, registered office at Steel City House, West Street, Sheffield, S1 2GQ. It is a development bank wholly owned by HM Government. British Business Bank plc and its subsidiaries are not banking institutions and do not operate as such. With the exception of BBB Investment Services Limited they are not authorised or regulated by the Prudential Regulation Authority or the Financial Conduct Authority. BBB Investment Services Limited is authorised and regulated by the Financial Conduct Authority. A complete legal structure chart for the group can be found at british-business-bank.co.uk.

British Patient Capital Limited is registered in England and Wales with company number 11271076, and registered office at Steel City House, West Street, Sheffield, S1 2GQ. British Patient Capital makes commitments and invests on its own behalf and on behalf of third-party investors whose investments British Patient Capital manages.

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

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