Empirical Ventures

Investor: British Business Bank

Empirical Ventures, a UK-based investment group focused on supporting entrepreneurial scientists in deep tech and life sciences, has successfully secured a £10m commitment from the British Business Bank, bringing the total investment from the bank to £15m.Summary of transaction details:Value: £10,000,000Sector: DeepTech & AI, Healthcare & BiotechAdvisor: Not specifiedKey Entities: Empirical Ventures (Target), British Business Bank (Investor)Location: UK (Bristol, Manchester, Edinburgh mentioned as target regions for investments)Note: This investment, facilitated through the British Business Bank's Regional Angels Programme, is aimed at empowering "Venture Scientists" across the UK, addressing the funding gap for science-led businesses and fostering innovation outside of London, particularly in deep tech and life sciences.

Investor: British Business Bank

The British Business Bank has announced an additional £10 million commitment to Empirical Ventures through its Regional Angels Programme, increasing its total support to £15 million. This funding will accelerate Empirical Ventures' mission to invest in 'venture scientists' across the UK, focusing on science-led businesses from novel energy generation and advanced materials to next-generation life sciences.Summary of transaction details:Value: £10 million (additional commitment)Sector: Venture Capital (DeepTech, Life Sciences focus)Advisor: Not specifiedKey Entities: Empirical Ventures (Target), British Business Bank (Investor)Location: UK-wide focus for investmentsNote: This commitment from the British Business Bank aims to empower Empirical Ventures to provide crucial financial fuel and specialised support to scientific founders, helping them translate cutting-edge research into category-defining global companies, particularly outside of traditional London-centric funding hubs. The partnership seeks to address the funding gap for deep technology ventures.