LPs

British Patient Capital approves €25m commitment

The UK government-backed investor commits to its latest tech-focused venture fund.

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Institution: British Patient Capital
Headquarters: Sheffield, UK
AUM: £5.8 billion

British Patient Capital, a subsidiary of British Business Bank, has committed €25 million to Nauta Tech Invest V, according to a statement from the firm. This is the third investment BPC has made to London-based venture firm Nauta Capital, alongside commitments to Nauta Tech Invest IV and a sidecar vehicle.

Fund V closed this week, raising €190 million and exceeding its €150 million target. The fund will invest into late seed and Series A companies in the TMT sector, particularly fintech and retail tech.

As shown below, British Patient Capital tends to focus its fund commitments on venture and growth equity vehicles globally.