British Business Bank invests £2.1m in Hadean
Press release
The British Business Bank has invested £2.1 million into Hadean, a UK-based defence AI-led technology company.
This funding round onboards a strategic group of institutional investors including the British Business Bank, Booz Allen Ventures, Entrepreneur First (EF) and Twin Track Ventures.
Founded in 2017, Hadean uses spatial computing and AI to simulate conflict scenarios. This enables defence forces, government agencies and businesses to rehearse, train and plan for combat scenarios in live and virtual environments.
This investment will fuel the continued expansion of its command, control, and battlefield training capabilities, strengthening deployments within the UK Ministry of Defence, and supporting the company’s expansion into the United States.
Defence is one of the eight growth-driving sectors of the Government’s modern Industrial Strategy. This investment is intended to contribute to a stronger UK defence ecosystem and accelerate technology adoption across the sector.
Leandros Kalisperas, Chief Investment Officer at British Business Bank said:
The current geopolitical environment has sharpened the demand for defence capability, presenting a clear opportunity for UK innovators and investors. Our role is to ensure that high-potential companies operating in this critical sector have access to the capital they need to develop and deploy their technology. While we primarily support the sector through specialist venture capital funds, we are increasingly taking direct stakes in fast-growing companies in areas of strategic importance.
George Mills, Investment Director at British Business Bank, said:
Hadean is a home-grown innovator at a critical moment in its growth journey. This additional capital will enable Hadean to accelerate its innovation and expand into new markets. By investing in Hadean we are not only supporting a company at the forefront of the UK’s defence tech ecosystem but helping to build technology that has the potential to strengthen UK national security.
Craig Beddis, Co-Founder and CEO, Hadean said:
This funding brings together investors who deeply understand defence, sovereignty, and what it takes to scale mission-critical technology. Their collective support enables us to accelerate delivery for the UK, the US, and allied NATO partners at a time when operational readiness and technological advantage matter more than ever.
Further Information
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Notes to editors
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 sustainable growth and prosperity across the UK and to enable the transition to a net zero economy, by improving access to finance for smaller businesses. 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 £23bnRead footnote text 1 of finance to almost 64,0002Read footnote text 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.
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 Hadean or its products or services.
About Hadean
Founded in 2017, Hadean is a UK-based technology company specialising in AI, simulation and spatial computing to provide the most accurate representation of the real-world. Hadean enables defence forces, government agencies and businesses to plan, train and make faster, better decisions.
For more information on Hadean, please visit hadean.com
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1
Figures as at end March 2025
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2
Figures as at end March 2025, does not include Start Up Loans
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