Fundraising Fox
Business Growth Fund
Growth equityLondon · Seed–Growth · 54 people tracked
Also known as Business Growth Fund Plc
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Investment thesis
BGF backs entrepreneurial businesses across the UK and Ireland with patient, minority capital, never taking a controlling equity stake. Its model is purpose-built for growing companies, offering follow-on funding and access to extensive networks and resources throughout a company's growth journey. It invests at two ends of the spectrum: an Early Stage strategy providing late-seed to Series B funding for deep tech and life sciences startups, and a Growth Stage strategy supporting SMEs with ambitious expansion plans. Beyond capital, BGF's team offers expertise across a range of growth strategies tailored to each business, aiming to unlock value and drive sustainable growth.
Source: firm website, verified Sep 27, 2026.
Team · 54 people
from curated & public directories
What they invest in
from 32 of 84 portfolio companiesEnterprise Software ×8SaaS ×8AI & Machine Learning ×7Cleantech ×6Deep Tech ×6Energy ×5Advanced Manufacturing ×4Consumer ×4
HQs:United Kingdom×18United States×5Canada×1Netherlands×1South Africa×1
Who they back
founder profiles across 9 portfolio companiesFounding team size:solo founder×62 founders×23 founders×1
Where their founders worked beforefrom 10 founders with career history
Dia&Co ×2Highspot ×2Unilever ×2
Accelerator rootsportfolio companies that came through a program
Investments · 84 tracked
founders shown can be your intro pathBy year:2026 · 32025 · 12024 · 32021 · 32020 · 52019 · 22018 · 32016 · 222 dated
Stantec is a global consulting firm providing engineering, architecture, and environmental services across infrastructure, energy, water, and urban development sectors.
Climate TechConstruction TechEnterprise Software
365 Response provides software for coordinating passenger transport and delivery logistics, using intelligent route mapping to combine pick-ups and drop-offs.
Logistics & Supply ChainMobility & TransportationSaaSWakefield, GB
AimBrain offered Biometric Identity as-a-Service to banks and other financial institutions, combining voice, facial, and behavioral biometrics with cloud-based authentication for identity verification and fraud reduction.
CybersecurityEnterprise SoftwareLondon, GB
Andrius Sutas(CEO)inAlesis Novik(Cofounder)in
Co-investorsEntrepreneur FirstEpisode1OMERS Ventures
Amazon Filters manufactures industrial process filtration products, including depth and pleated filter cartridges, capsules, bag filters, and housings, sizing them to each customer's process specifications.
Advanced ManufacturingCleantechHardware
Appnovation provides nearshore software development and digital transformation services through distributed teams based in the Americas, Europe, and Asia, with specialized expertise in high-compliance industries like finance, healthcare, and insurance.
AI & Machine LearningDeveloper ToolsDigital HealthEnterprise SoftwareVancouver, CA
Co-investorsCanadian Business Growth FundExport Development Canada (EDC)
Aqdot is a supramolecular chemistry (chem-tech) company that develops proprietary AqFresh air quality and odour/VOC-elimination technology based on encapsulation.
CleantechDeep TechNew Materials
Dr Jing Zhang(Chief Executive Officer & Co-founder)Dr Roger Coulston(Chief Technical Officer & Co-founder)Hugh Rathbone(Chief Commercial Officer)inAlex Anikeeva(Chief Financial Officer)in
BoardTim Wright(Chairman)
Co-investorsProvidence Investment Company LimitedParkwalk Advisors
Ballpark operates an AI-powered research platform that conducts large-scale consumer surveys and qualitative interviews simultaneously.
AI & Machine LearningMarketing TechSaaSAmsterdam, NL
Murat Mutlu(Founder)in
Co-investorsBungalow CapitalInreach VenturesConnect VenturesHaatch
Blue Light Card is a UK discount and rewards service offering members access to over 15,000 online and in-store offers, plus exclusive events and tickets, for a £4.99 two-year membership.
ConsumerE-commerceMarketplaces
Cambridge GaN Devices is a fabless semiconductor company that develops energy-efficient GaN-based power devices for sustainable electronics.
CleantechDeep TechEnergyHardwareSemiconductorsCambridge, GB
Fabio Necco(CEO)in
Co-investorsCambridge Innovation CapitalEMV CapitalIQ CapitalMartlet CapitalBritish Patient CapitalePlanet Capital+1 more
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University of Oxford spinout whose imaging technology aids diagnosis and treatment of cardiovascular disease.
Co-investorsCreative Destruction Lab (CDL)Longwall Venture Partners LLPOxford Investment Consultants LLPOxford Science Enterprises
Cellular Origins provides automated cell therapy manufacturing solutions through its Constellation platform, which integrates robotics and digital management to enable GMP-compliant scaling of cell therapies with minimal process modification.
Advanced ManufacturingBiotechRoboticsCambridge, GB
Alex Lang(Founder)
Co-investorsHighland EuropeNYBC VenturesTTP VenturesJohnson & Johnson Innovation – JJDC
DEScycle operates a circular technology platform focused on critical minerals processing, with a demonstration facility in Teesside, UK.
Advanced ManufacturingCircular EconomyCleantechDefense TechNew MaterialsTeesside, GB
Co-investorsCisco InvestmentsDeep FutureGreen Angel VenturesKero Development PartnersTSP VenturesVorwerk Ventures
Discovery Invest is a retail active asset manager in South Africa that offers pre- and post-retirement investment products with a shared-value model that rewards clients for healthy investment and lifestyle behaviors through boosts and discounts.
FintechInsurTechSaaSJohannesburg, ZA
Adrian Gore(Founder)in
Co-investorsBlackRockRemgro / Invenfin ecosystemForesight Group
Echion Technologies is a battery technology company that develops and commercialises XNO®, a niobium-based fast-charging battery anode material supplied to cell manufacturers worldwide.
CleantechDeep TechEnergyNew Materials
Jean de la Verpillière(CEO & Co-founder)inAlex Groombridge(CTO & Co-founder)inBen Ting(Chief Commercial Officer)inSarah Stevenson(Chief Operating Officer)inCeri Neal(Chief Financial Officer)in
Co-investorsEMV CapitalKima VenturesMartlet CapitalZero Carbon CapitalePlanet CapitalOrigin Capital+2 more
FrontRow was an Indian hobby-learning platform with celebrity-led courses that shut down operations in mid-2023.
Co-investorsLightspeed Venture PartnersVibe CapitalEarl Grey CapitalEight Roads VenturesElevation CapitalGSV Ventures
Gaussion develops magnetic battery control technology that improves charging speed, heat generation, and lifetime performance across different cell formats and chemistries for electric vehicles, stationary storage, and industrial applications.
Deep TechEnergyHardwareLondon, GB
Tom Heenan(Founder)in
Co-investorsAlbionVCAutotech VenturesFuture VenturesUCL Technology FundDN CapitalePlanet Capital
Gousto is a UK meal-kit subscription service that delivers pre-measured ingredients and recipe cards to home cooks, offering 175+ recipes each week with box sizes for 1 to 5 people.
ConsumerDirect to ConsumerFoodTech
Timo Boldt(Founder)inJames Carter(Founder)
Co-investorsMMC VenturesSoftBank Vision FundUnilever VenturesSoftBank Group
Stantec is a global engineering, architecture, and environmental consulting firm that delivers projects across infrastructure, energy, buildings, and water sectors.
Construction TechEnergyEnterprise Software
Brian Yates(Managing Director)Cath Schefer(Executive Vice President, Chief Operating Officer – Global)
Komi is a creator platform combining mini-sites, commerce and brand-deal tools for creators with influencer marketing software for brands.
Los Angeles, US
Lewis Crosbie(Founder)
Co-investorsAntlerBrighteye VenturesMiroma VenturesRTP GlobalContour Venture PartnersSony Music Entertainment+3 more
Lantum offers AI-powered workforce management tools designed to help organizations handle staffing more efficiently and cost-effectively.
AI & Machine LearningHR TechSaaS
Co-investorsBeringeaFinch CapitalSamos InvestmentsWalking VenturesPiton Capital LLPPlayfair Capital
Mach42 develops AI tools for high-performance computing tasks, including analog circuit simulation and test plan development for semiconductors as well as real-time fusion control mechanisms.
AI & Machine LearningDeep TechSemiconductors
Co-investorsOxford Technology ManagementForesight Group
Miracle unifies data from multiple clinical trial platforms to provide automated insights for healthcare professionals in biopharma.
AI & Machine LearningBiotechEnterprise SoftwareHealthtechSaaSSan Francisco, US
Co-investorsSoma CapitalThe E14 FundY Combinator10X CapitalEight CapitalNorth South Ventures+1 more
Nova provides software for deal management and data sharing in private markets, serving investors and financial professionals.
FintechSaaSDallas, US
Pradyuman Vig(Founder)inBryan Pirtle(Founder)inWill Dinkel(Founder)in
Co-investorsCoinbase VenturesGV (Google Ventures)Terrence YangUtopian VenturesY CombinatorAccel+15 more
OrganOx develops the metra platform, a device that extends organ preservation time for liver transplants by maintaining continuous perfusion with oxygenated blood-based solutions, enabling surgeons to better assess organ viability and make more informed transplant decisions.
BiotechHealthtechMedical DevicesOxford, GB
Prof. Peter Friend(Co-Founder)
Co-investorsAmadeus Capital PartnersAnjostHealthQuest CapitalIntuitive VenturesLauxera Capital PartnersLongwall Venture Partners LLP+2 more
Phlux Technology develops Noiseless InGaAs avalanche photodiode (APD) infrared sensors operating at 1550 nm that serve as drop-in replacements for traditional APDs.
Deep TechHardwareSemiconductors
Ben White(CEO)in
Co-investorsNorthern GritstoneOctopus Ventures
RiverRidge is a waste management company based in Northern Ireland that provides waste treatment, recycling, and resource recovery solutions for businesses and communities, operating multiple treatment facilities with a focus on reducing landfill reliance.
Circular EconomyCleantechEnergyBelfast, GB
Brett Ross(CEO)inChris Fillis(Operations Director)in
Co-investorsCube Infrastructure ManagersEquitix
HealthtechDallas, US
Lyndsey McKay Harper(Executive Officer, Director)Mahmoud Haidar(Director)
BoardKerry Rupp(Director)in
Co-investorsGolden SeedsMindshift CapitalTrue Wealth Ventures
St Pierre Groupe is a bakery company that produces brioche and baked goods under the St Pierre and Baker Street brands, sold through retail, wholesale, hospitality, and online channels.
ConsumerFoodTechManchester, GB
Co-investorsLloyds Bank
Manchester-based subscription market research and insights platform focused on the kids, parents and under-30s market.
Co-investorsDSW Ventures
Uform manufactures and distributes doors and accessories for the kitchen, bedroom and furniture trade across the UK and Ireland, offering paint-to-order, made-to-order and showroom design services.
Advanced ManufacturingLogistics & Supply Chain
Monmouth Junction, US
Ashley Unitt(Founder)Guy Sochovsky(Founder)Richard Pickering(Founder)
Co-investorsJMI EquityNew Enterprise Associates (NEA)Bessemer Venture PartnersHighland EuropeNotion Capital
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
3sun GroupA Wilderness WayAbselionAcroAD WilliamsAdEPT TelecomADEPT4 plcAdestraAntserAPSUArcinovaAubinBB7BBC MaestroBenefexBessegesBHR GroupBioCity GroupBraidwaterBrindley HealthcareBrisant SecureChase DistilleryCitrus-LimeCrudenDevOpsGroupEntiaEventmasterFiviumFluorokHeleCloudJ&B RecyclingKids PlanetMakersOperam EducationPaintboxRapidropRapporT-TherapeuticsTapdaqTaperedPlusTechspertUK Flooring DirectUrban ZooUtelize CommunicationsVOSAIO Travel GroupWorkbooksXCD HR
Exits · 3
1 IPOs · 2 acquisitions · showing 1StantecNYSE: STN
Portfolio news
latest coverage across their companiesStantec · globenewswire.com · Aug 12, 2026
Gaussion · techfundingnews.com · Jun 29, 2026
OrganOx · eu-startups.com · Aug 25, 2025
Principals & officers · per Companies House
what is this? ⓘSecretary · British · since 2011
Director · British · since 2026
Director · British · since 2022
Director · South African,British · since 2024
Bgf Group Plc — 75–100% of shares, 75–100% of voting rights, right to appoint and remove directors
Frequently asked questions
- How many investments has Business Growth Fund made?
- Business Growth Fund has 84 tracked investments, 3 of which have exited, including 4 dated in the last 24 months.
- What stage does Business Growth Fund invest at?
- Business Growth Fund invests at the Seed, Series A, Series B, Growth stages.
- What is Business Growth Fund's typical check size?
- Business Growth Fund typically writes checks of $3.8M – $38M.
- What sectors does Business Growth Fund focus on?
- Business Growth Fund focuses on Advanced Manufacturing, Biotech, Circular Economy, Cleantech, Climate Tech, Cloud Computing, Construction Tech, Consumer, Data & Infrastructure, Deep Tech, Defense Tech, EdTech, Energy, Enterprise Software, Fintech, FoodTech, Hardware, Healthtech, Media & Entertainment, Medical Devices, PropTech, Retail Tech, SaaS, Sector Agnostic.
- Where is Business Growth Fund located?
- Business Growth Fund is headquartered in London, GB.
- Does Business Growth Fund lead rounds?
- Business Growth Fund typically participates in rounds rather than leading them.
- Who does Business Growth Fund co-invest with?
- Business Growth Fund most often shares deals with Longwall Venture Partners LLP, Y Combinator, Amadeus Capital Partners, among 37 tracked co-investors.
From the blog
visit blog ↗Recent posts cover a BGF survey on SME AI adoption gaps and governance, and fundraising strategies for deep tech startups across different funding stages and risk regimes. AI summary
Media · Podcasts & interviews
from their channelStories of Growth | Donna and David Copley, Coppergreen
BGF
Stories of Growth | Andy Rogers & Vlad Nanu, Amdaris
BGF
BGF backs Rapidrop to accelerate global expansion in fire protection
BGF
The role of Growth Capital in de-risking Inheritance Tax reform | BGF & Grant Thornton
BGF
Why leaders burn out when scaling — and how to build real resilience
BGF
Images
Co-investors · 31
ePlanet Capital invests in growth-stage companies across global markets. The firm targets companies positioned as leaders in their respective sectors.
Parkwalk Advisors is a UK-based investment manager focused on backing deeptech companies spun out of UK universities, bridging the gap between academic research and commercial success. It operates as part of IP Group plc and is a leading EIS fund manager.
Amadeus Capital Partners is a UK-based deep tech venture capital firm founded in 1997 that invests in technology companies from seed to growth stage. Since inception it has backed over 200 companies and raised more than $1.3 billion.
Octopus Ventures is a founder-focused European venture capital firm that backs mission-driven startups across seven core sectors, investing from idea stage through growth with a focus on pre-seed to Series A.
Cambridge Innovation Capital (CIC) is a UK-based venture capital firm backing entrepreneurs in life sciences and deep tech, leveraging its position in the Cambridge science and technology ecosystem.
HealthQuest Capital is a healthcare-focused investment firm that backs transformative healthcare companies, primarily at the commercial stage, through Growth Equity and Tactical Opportunities strategies.
Golden Seeds is an angel investing network focused on funding and supporting early-stage, U.S.-based women-led startups across most industry sectors, while building a community of investors and providing investor education.
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General Catalyst is a venture capital firm operating as a partnership focused on company building and accelerating the growth of the businesses it backs.
Balderton Capital is a European venture capital firm that backs technology startups.
SOSV is a deep tech venture capital firm that makes first-check pre-seed investments and follow-on rounds in startups focused on human and planetary health, providing lab space and hands-on support at its US locations.
Offline Ventures is a venture fund that backs founders who build differently and technology intended to serve humanity, investing at the earliest, most fragile stages of an idea.
Northzone is a technology-focused venture capital firm investing across AI and deep tech on both sides of the Atlantic, backing companies from early stage through growth.
▶19 more co-investors
Heartcore CapitalBreakthrough Energy VenturesHTGFEQT Life SciencesForgePoint CapitalAtlantic Bridge VenturesOptum VenturesAdvent Life SciencesPitchdriveAnanda Impact VenturesHiro Capital4BIO CapitalVendep CapitalEducapitalYork IEBioqube VenturesLever VCNightDragon24 Haymarket
Firms observed investing alongside Business Growth Fund, from public investor directories. Shared companies are the overlap with Business Growth Fund's recorded portfolio.
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