Stamford-based VC firm Haatch has partnered with D2N2 LEP to launch an £8 million Institutional Regional Fund. The fund will support startups from Nottinghamshire and Derbyshire.
- Founded in 2013 by Scott Weavers-Wright OBE, Fred Soneya, and Eliane Weavers-Wright, Haatch is a venture capital firm specializing in supporting B2B SaaS startups.
- The size of its investments typically ranges between a minimum of £100,000 and a maximum of £250,000 into pre-seed companies, with an additional £60,000 institutional check.
- Haatch's investment portfolio includes regional companies like airport management platform Aerocloud, cross-border employee management tool Native Teams, visitor intent platform Made With Intent, and household bill management tool Bunch.
- In 2022, British Business Investments, a part of the British Business Bank, committed £10 million to the fund and partnership.
- The D2N2 is one of 30 local enterprise partnerships, working across England to support business growth and level up productivity. It is covering Derby, Derbyshire, Nottingham, and Nottinghamshire. Its vision is to create a greener, more prosperous, better-connected, and more resilient economy.
- The Haatch new fund plans to invest in approximately 13 startups over the next two years with the goal of unlocking the potential of Nottinghamshire and Derbyshire's startup ecosystem, thereby driving sustainable economic growth.
“This is a huge milestone, as we expand into various GP/LP and institutional funds in addition to several new tax-efficient funds, so keep an eye out for what's next as we're just getting started,” Haatch’s team, commented on Linkedin.
