Founders, Investors & Financial Advisors. Here's why I'm excited by our new £10m commitment from BBI!
This morning we announced that British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, has made a commitment of up to £10m to Haatch through the Regional Angels Programme.
Judith Hartley, CEO, of British Business Investments, said: “By investing alongside Haatch’s SEIS, EIS and follow-on funds, this commitment from British Business Investments will facilitate additional early-stage investment to smaller businesses across the UK."
This is a huge milestone for the entire Haatch team and an exciting moment for 3 of our most important stakeholders; portfolio company founders, investors and financial advisors (who help facilitate investment into our tax-efficient funds).
Given this huge milestone I wanted to share a few points on why I'm excited for each of these groups below;
Founders
- Our new standard lead pre-seed SEIS cheque is £210k made up of £150k SEIS + £60k BBI on the same simple founder-friendly terms
- The £60k doesn't eat into SEIS or EIS limits but means we're a larger part of a pre-seed round providing more capital to get to those crucial next-stage milestones
- We will also invest BBI capital alongside EIS capital from both our EIS fund and our follow-on EIS fund providing significantly more investment all the way from pre-seed to Series A helping extend runway or scale faster
Investors
- Our BBI commitment will invest alongside all of our investors in each and every investment we make meaning our investors are investing alongside institutional money in each and every round
- Investing a larger cheque is one of the many things we do to help de-risk investments by providing more meaningful ownership, a longer runway between rounds and a greater seat at the table
Financial Advisors
- The enhanced diligence process with BBI should help to provide additional comfort to your compliance team that Haatch are a leading tax-efficient fund provider
- Providing clients with the knowledge that their investments are invested alongside institutional money in each and every round
We'd love to hear from you if you're a founder, investor or advisor!
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.
