August Update: Exits, Record Raises and Market Momentum
August is often thought of as a quiet month in venture, with markets slowing and investors away. Yet this year told a different story. Across Europe, notably within SaaS, activity bucked the usual summer trend, with strong deal flow and valuations holding steady in categories where companies are delivering measurable ROI and efficient growth.
At the same time, in the UK, the Mansion House reforms are set to reshape the investment landscape, unlocking up to £50bn of capital from pension schemes for growth companies, with the first pledges already directed to British businesses. For early-stage investors and founders alike, this marks a significant tailwind for the ecosystem.
Against this backdrop, it has also been another milestone month for Haatch.
Exits
We completed our fourth profitable exit of 2025 with Tangible Markets, a fintech platform exited via a secondary sale, delivering investors a 42.59% IRR. This follows three other profitable exits earlier in the year:
- CareLineLive: 26% IRR (EIS)
- Native Teams: 93% IRR (SEIS)
- Re-Flow: 53% IRR (EIS)
These results continue to validate our focus on disciplined investing in software businesses solving deep pain points, as well as offering evidence of our pathway to exit.
Fundraising
We closed a record SEIS 11 raise on Crowdcube, totalling in over £4m for the fund, including £1.37m from 344 new investors. This takes Haatch to 2,188 investors across SEIS and EIS funds, furthering our mission to make this asset class more accessible.
Portfolio Activity
Portfolio momentum remained strong through August. Yottar (£740k) and Meshed (£950k) both completed pre-seed rounds led by Haatch, alongside institutional investors including Aviva, Founders Factory, Cape Capital, Exponential Science and a number of notable angels.
We also offered our investors access to Yaso’s oversubscribed Series A, co-investing alongside Puma, Guinness Ventures and others. More than £500k was invested through Haatch into this round.
Our vision is to become the leading seed-stage fund in Europe while being a reliable capital recycler for our investors.
See you next month.
The latest
from Haatch
Haatch exits Trigify to HubSpot at up to 3.53x
We are delighted to announce the successful exit of our full position in Trigify following its acquisition by HubSpot, the agentic customer platform for scaling businesses. The all-cash transaction delivered up to 3.53x for our investors. This exit represents Haatch’s 6th profitable exit in the last 18 months.
British Business Bank backing for Haatch reaches £62 million
A further £10 million commitment takes investment in Haatch's pre-seed and seed funds to £30 million, sitting alongside the £32 million angel syndicate platform Haatch manages on the Bank's behalf making Haatch the largest of all programme partners.
