British Business Bank commits £2m to South East Angels
Press release
The British Business Bank today announces a £2 million commitment from its Regional Angels Programme to South East Angels, the award-winning community for angel investors based in the South East of England.
South East Angels operate one of the most active angel syndicates in the UK, bringing together exited founders, business owners and industry experts who back ambitious early-stage tech startups with capital, experience and networks.
Founded in 2020 by Kristina Pereckaite with five founding members, the group has since brought together more than 100 members who have collectively invested over £7 million into 48 startups. South East Angels were named Most Active Investor in the Regions at the 2024 UK Business Angels Association (UKBAA) awards, have been shortlisted for Angel Group of the Year for three years running, and named Game-Changing Investor by Startups Magazine.
This £2 million commitment from the British Business Bank's Regional Angels Programme aims to reduce regional imbalances in access to early-stage equity finance across the UK. The funding will be co-invested alongside capital from South East Angels' members, supporting founders building high-growth potential businesses across the South East and the wider UK.
Kristina Pereckaite, Founder of South East Angels, said:
We started South East Angels with five founding members and a belief that angel investing is far more successful, and far more enjoyable, when you do it together. Six years on, our members have deployed over £7 million into British startups, and having the British Business Bank alongside us is a huge vote of confidence in our community, our process and the founders we back. It means more capital reaching brilliant founders in the stage when it matters most.
Mark Barry, Senior Investment Director at the British Business Bank, said:
South East Angels have built one of the most active angel communities outside London, bringing experienced investors together to back ambitious founders across the region. We are pleased that this £2 million commitment, through our Regional Angels Programme, will help their members continue to support high-growth businesses.
Fred Soneya, Co-Founder and General Partner at Haatch, said:
The Regional Angels Programme is designed to increase the supply of early-stage capital across the UK, and delivering it through the Haatch Platform allows active angel groups like South East Angels to co-invest alongside the British Business Bank in a simple, scalable way. We’re pleased to support South East Angels and the founders their members back.
Further Information
If you are a journalist and have a media enquiry, please contact [email protected].
Notes to editors
About South East Angels
South East Angels is an award-winning community for angel investors based in the South East of England, operating one of the most active angel syndicates in the UK. Since 2020, its members have collectively backed 48 startups with over £7 million of investment, earning recognition as UKBAA’s Most Active Investor in the Regions (2024) and a three-time finalist for Angel Group of the Year (2024, 2025 & 2026). South East Angels exists to give angel investors the community, process and collective power to invest with an edge they couldn’t have alone. Members make their own investment decisions. For more information, visit southeastangels.co.uk.
About the 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. Its remit is to design, deliver and efficiently manage UK-wide smaller business access to finance programmes for the UK government.
The British Business Bank’s core programmes support £23bn of finance to almost 64,000 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.
The commitment 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 of South East Angels or its products or services.
Further Information
If you are a journalist and have a media enquiry, please contact [email protected] or South East Angels at [email protected].
This announcement is for information purposes only and does not constitute an offer or solicitation to invest. Angel investing, whilst offering high reward potential, is high risk and most startups fail. Members of South East Angels make their own investment decisions and conduct their own due diligence.
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