Empirical Ventures

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: £10,000,000
• Sector: DeepTech & AI, Healthcare & Biotech
• Advisor: Not specified
• Key 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.