24 April 2019: British Patient Capital is delighted to announce its commitment to Nauta Capital’s new €55M ‘Sidecar’ fund dedicated to backing its existing later-stage portfolio companies.
Nauta Capital is a pan-European VC that invests in early-stage technology companies from late Seed and Series A. However, the new ‘sidecar’ fund is ringed-fenced to invest primarily from Series C and beyond to its 40+ portfolio companies.
With the new fund, Nauta will have a greater capacity to inject follow-on capital in its portfolio companies, while for future co-investors it gives the assurance that a company’s existing investor has the capital required to join in on larger follow-on rounds.
Catherine Lewis La Torre, CEO, British Patient Capital, said: “British Patient Capital is designed to support businesses with high growth potential to access the long-term financing they need to scale up. We’re delighted to support Nauta in their new fund targeting later-stage growth businesses.”
About British Patient Capital
British Patient Capital is the trading name of British Patient Capital Limited, 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.
Its mission is to enable long-term investment in innovative firms led by ambitious entrepreneurs who want to build large scale businesses. British Patient Capital has been given new resources of £2.5bn and will deliver a programme designed to support high growth potential innovative UK businesses in accessing the long-term financing they require to scale up. Find out more at britishpatientcapital.co.uk.
British Business Bank plc and its principal operating subsidiaries 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 websiteLink opens in a new window.
The funding from British Patient Capital to Nauta Capital does not amount to any endorsement or warranty from British Patient Capital, the British Business Bank PLC, or the government of the UK.