Redrice Ventures

The British Business Bank has committed up to £45m to Redrice Ventures’ £75m Fund II, aiming to strengthen early-stage investment across the UK’s creative industries.

Summary of transaction details:

• Value: £45m
• Sector: Consumer Goods
• Advisor: Not disclosed
• Key Entities: Redrice Ventures, British Business Bank
• Location: UK

Note: This investment is expected to have a positive impact on the UK’s creative industries, which are a significant contributor to the UK economy, and will enable Redrice Ventures to back premium, purpose-driven consumer brands and related B2B technology.