British Business Bank Shares List of Firms that it Holds an Equity Stake After Future Fund Investment

The British Business Bank has published a list of 158 companies in which it holds equity following the Future Fund COVID support program.

The Future Fund was established to backstop UK early-stage ventures that did not qualify for other COVID relief programs. The Future Fund was a convertible investment scheme with the expectation that the majority of firms would eventually convert the debt into equity making the UK government a de facto investor in these young companies. The convertible loans were designed to convert into equity at the next equity funding round, converting at a discount to the price per share agreed between companies and investors in the funding round.

Third-party investors were required to at least match the Future Fund’s investment and a good number of issuers raised capital on investment crowdfunding platforms.

The mission was to support innovative young firms that frequently do not generate a positive net income yet need growth capital. Launched on May 20, 2020, and available until January 31, 2021, the Future Fund issued 1,190 Convertible Loan Agreements worth £1.14 billion, according to the bank.

As of August 31, 2021, 158 convertible loans had converted into equity shares, meaning the companies had raised further private sector capital through an equity funding round.

Ken Cooper, Managing Director, Venture Solutions, British Business Bank commented on the news:

“The Future Fund was created to increase the flow of capital to innovative companies at the height of the pandemic, while ensuring long-term value for the UK taxpayer. We’re delighted to see so many companies already going on to raise further private sector capital. As a shareholder in so many promising businesses, the Future Fund is well positioned to support, and benefit from their continued growth.”

The British Business Bank said that it will update the list of companies in which Future Fund has a shareholding at the end of every financial quarter. The current list is available below but does not include the value of the investment or percentage of ownership.

Company Location
1854 Media Limited East of England
3Radical Limited South West
Additive Manufacturing Technologies Ltd Yorkshire and the Humber
Aeristech Limited West Midlands
Ai Exchange Ltd London
Airfinity Limited London
Altitude Angel Ltd South East
Arc Group Global Ltd London
Arksen Limited South East
Balre Technologies Ltd London
Beamery Inc London
Better Tasting Drinks Co. Limited East Midlands
Bivictrix Therapeutics Limited Wales
Blu Wireless Technology Limited South West
Bockatech Ltd East of England
Boxwize Ltd London
Ceed Ltd London
Century-Tech Limited London
Cervest Limited London
Cherryz Ltd London
Chip Financial Ltd London
Cipher Surgical Limited Scotland
Cirdan Imaging Limited Northern Ireland
Cloud 8 Limited South West
Clyz Labs Limited North West
Cognitive Credit Limited London
Concured Limited London
Content Calendr Limited London
Corrosion Radar Limited South East
Counting Ltd London
Credit Laser Holdings Limited London
Crikle Business Platforms Limited London
Dice FM Ltd London
Digital Home Visits Ltd London
Digital Reality Corp Ltd London
Dragonfly Biosciences Limited London
DueDil Limited London
Edge Petrol Limited London
Elite Crowdfunding Limited London
Engage Technology Partners Limited South East
Executives Place Limited London
Fairscore Ltd London
Footballnet (Global) Limited London
Funderbeam LTD. London
Gearbox Records Ltd London
Gelmetix Limited North West
Gendius Limited North West
Global Property Ventures Limited East of England
Gobsmack Holdings Limited East of England
Gunna Drinks Limited South East
Gyrogear Limited South East
Helio Display Materials Limited London
Hydro Industries Limited London
Imagine Mortgages Limited London
Infinitesima Limited South East
Inotec Amd Limited East of England
Invest and Fund Limited South East
Jacuna Ltd London
JAJA Finance Holding (UK) Limited London
Juggle JOBS Ltd South East
Juno Legal Holdings Limited London
Kano Computing Limited London
Karus Therapeutics Limited South East
Kets Quantum Security Ltd South West
Kroo Ltd London
Leucid Bio Ltd East of England
LGN Innovations Limited Wales
Life In The Cocoon Limited London
Locate Bio Limited East Midlands
Lovecrafts Group Limited London
Maxwellia Ltd North West
Medherant Limited West Midlands
Mindtech Global Limited Yorkshire and the Humber
Mindtrace Limited North West
Misfits Health Ltd London
Molo Tech Ltd London
Mom Incubators LTD. East Midlands
Monese Ltd London
Monolith Ai Limited London
Motorway Online Ltd London
Mysense Group Ltd London
Nell Health Ltd London
Nerre Therapeutics Holdings Limited East of England
Nova Pangaea (Holdings) Ltd North East
Novatiq Limited East of England
Occuity Ltd West Midlands
Odondo Limited London
Oneskee Limited East Midlands
Online Giving Ltd London
Origami Energy Limited East of England
Oto International Limited London
Oxular Limited South East
Passfort Limited London
Pay Later Group Limited London
Penfold Technology Ltd London
Peratech Holdco Ltd North East
Perceptual Robotics Limited South West
Phaim Pharma Ltd London
Phoenix Product Development Limited London
Plu&M Limited London
Pollen + Grace Limited London
Power Roll Limited North East
Prodigy Investments Limited London
Project Imagine Ltd London
Prokarium Holdings Ltd London
Proportunity Ltd London
Pulsiv Solar Limited East of England
Pycom Ltd South East
Quanta Dialysis Technologies Limited West Midlands
Raffolux Ltd East of England
Reactive Technologies Limited South East
Real VR Limited London
Reallyenglish.Com Limited London
Rente Limited West Midlands
Rezolve Limited London
Ripple Energy Limited London
Riversimple Holding Limited Wales
Rlt International Limited South East
Robin Ai Limited London
Scoodle Ltd London
Secret Group Limited London
Secret Spa (London) Ltd London
Shieldpay Ltd North West
Signal Media Limited London
Sine Wave Entertainment Limited London
Skinny Tonic Limited North West
Smart Pension Limited London
Sort Holdings Ltd London
Spill App Ltd London
Sport Maison Limited London
Spring Financial Group Limited South East
Spybiotech Limited South East
Startpulsing Limited London
Synapse Information Limited West Midlands
The London Interdisciplinary School Ltd London
The Shackleton Design
and Manufacturing Company Ltd
East of England
Theolytics Ltd South East
Tickr Ltd London
Tifosy Limited London
Ultraleap Holdings Limited South West
Underpinned Ltd London
Unwasted Limited London
Usnoop Limited London
Vaccitech Limited South East
Vaix Limited London
Volt Technologies Ltd London
Voxpopme Limited West Midlands
Warwick Acoustics Limited West Midlands
Watkins Drinks Limited East Midlands
Wildanet Limited South West
Yanchep Holdings Limited London
Yellow Line Parking Ltd London
Yordex Ltd London
Yuchelka Ltd London
Zeelo Limited London
Zelp Ltd London
zero carbon food ltd London
ZOKU Ltd West Midlands
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