Haatch secures another £10m from BBI to back pre-seed SaaS founders - UKTN

Haatch secures another £10m from BBI to back pre-seed SaaS founders – UKTN

Posted by author February 7, 2025 Tech

Haatch has secured an additional £10m investment from British Business Investments, a subsidiary of the British Business Bank, as it doubles down support for UK pre-seed B2B SaaS founders.

The extra cash, which brings BBI’s total investment in Haatch to £20m, has been committed as part of its Regional Angels Programme, aimed at increasing access to capital for early-stage businesses across the UK.

BBI’s investment allows Haatch to exceed the typical cap for the Seed Enterprise Investment Scheme (SEIS), a tax-advantaged government investment scheme, adding £85,000 to every £250,000 investment made—a game-changer for pre-seed companies.

Scott Weavers-Wright OBE, Co-founder and General Partner at Haatch, said: “BBI’s increased commitment is a huge validation of our strategy.

“It enables us to deploy more capital into high-growth startups across the UK—over 70% of which are outside London—driving real impact and returns for founders and investors alike.”

Since its inception, Haatch and BBI have co-invested in 93 companies, including Aerocloud, which recently closed a $12m Series A round. Haatch has backed over 120 companies in total, with a collective portfolio valuation exceeding £900m. Other notable investments include Data Literacy Academy, who Haatch and BBI invested in at pre-revenue.

Founded by Scott Weavers-Wright OBE and Fred Soneya in 2013 as an angel co-investment joint venture under the ‘Haatch Angel’ brand, Haatch is an award-winning pre-seed and seed stage fund manager backing B2B SaaS businesses solving deep pains and/or creating large impact for organisations. Haatch now has a portfolio of over 100 companies, into which it has made 150+ investments. The portfolio is now valued at over £900 million.