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Praetura Ventures secures £15m commitment from British Business Investments through the Regional Angels Programme

Press release 10 August 2021

  • Capital will be deployed alongside Praetura’s Enterprise Investment Scheme (EIS) funds and angel investors to back early-stage businesses across multiple sectors.

  • Praetura Ventures will be the Regional Angels Programme’s first delivery partner with Manchester-based headquarters.

Manchester venture capital investor Praetura Ventures has today unveiled a £15m commitment from British Business Investments, to further support early-stage businesses and the ‘levelling up’ of funding in the regions.

Praetura Ventures will use the funding from British Business Investments, alongside its EIS funds and angels, to back even more companies in the future and provide company founders with everything they need to develop products, services and future-focused businesses.

British Business Investments, a commercial subsidiary of the British Business Bank, is making the commitment through its Regional Angels Programme, which seeks to address geographical imbalances around early-stage equity finance.

For Praetura, which backs companies in the North and UK-wide with a ‘more than money’ approach, the commitment is also a chance to connect investors to more diverse funds through investments in SaaS, AI, life sciences, medtech, gaming and more.

The news follows continued success in the EIS space for Praetura, with 19 business investments since 2019, and the recent appointment of heavyweight operational partners from Apple, The Co-op, Social Chain, OTSC and AO. As part of the offering, each partner provides regular one-on-one mentoring with relevant portfolio founders to help them on their journey. Access to those who have previously succeeded in scaling a company has helped Praetura’s portfolio better handle media relations, recruitment, marketing strategy and other challenges.

From our headquarters in Manchester, we’ve seen regions across the North and the UK grow, thrive and continue to generate global recognition. We’ve been proud to play an active role in this great story, and it’s a privilege to be able to help even more founders scale exceptional companies. The response we’ve received confirms how important these investments are to the North as well as other thriving UK-wide regions and the UK economy. David Foreman Managing Director of Praetura Ventures
Our Regional Angels Programme is designed to address regional imbalances in the availability of angel finance, and to increase the amount of capital available to smaller businesses with high growth potential through angel networks. With this £15m commitment from British Business Investments, Praetura Ventures will be able to increase their support for early-stage businesses in the North and UK-wide. Judith Hartley CEO of British Business Investments

Companies that have already benefited from British Business Investments funding through Praetura include Deeside-based Reacta Biotech, which is developing oral tests to help those with suspected food allergies obtain a more accurate diagnosis.

Other businesses within Praetura’s portfolio include Patchwork, Dr Fertility, Pixelmax and Maxwellia – a pioneer in women’s health, who have recently achieved MHRA approval for their contraceptive pill Lovima, which will be the first of its kind available over the counter.

Notes to editors

About Praetura Ventures

Praetura Ventures is a Manchester-based venture capital firm which invests in early-stage, high-growth businesses across the UK, with a particular focus on supporting entrepreneurs across the North of England.

Praetura Ventures is committed to adding value post-investment and providing the ‘more than money’ support that businesses need to grow, including additional expertise, resources, networks and guidance, to its investee companies.

Since 2019, Praetura Ventures has invested more than £31m in 19 businesses, including North West headquartered businesses Sorted, Culture Shift, LCC and Peak.

The firm also launched a Venture Partner programme – an innovative and collaborative programme that is aimed at experienced, connected and successful individuals who have a desire to add value and potentially provide mentorship, advice, introductions and investment to the next generation of entrepreneurs. In just a few months, the firm has grown its Venture Partner base to 50+ members, typically C-suite level individuals.

About British Business Investments

British Business Investments is the trading name of British Business Investments Ltd, a wholly-owned commercial subsidiary of British Business Bank plc, the UK government’s economic development bank. It forms part of the British Business Bank’s commercial arm.

British Business Investments aims to earn a commercial return by investing – through finance providers – in smaller businesses and small mid-caps, pursuing investments on a fully commercial basis without receiving any economic advantage from the government. Find out more at

British Business Bank plc and its subsidiary entities are not banking institutions and do not operate as such. Neither British Business Bank nor its principal operating subsidiaries are authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). A complete legal structure chart for British Business Bank plc and its subsidiaries can be found on the British Business Bank plc website.

The funding from British Business Investments to Praetura Ventures does not amount to any endorsement or warranty from British Business Investments, the British Business Bank plc, or the government of the UK.