About This Fund
BGV II LP is the second flagship fund of Bethnal Green Ventures (BGV), widely regarded as Europe's leading early-stage technology-for-good venture capital firm. The fund held a first close of £33 million in 2024, backed by anchor institutional investors including the British Business Bank through its Enterprise Capital Funds programme, M&G Catalyst, Big Society Capital, and Peter Bristot of 22 Ventures. BGV II continues the firm's mission of backing ambitious founders who use technology to address significant social and environmental challenges with the potential to transform millions of lives at scale.
The fund invests at the earliest stages of company formation through BGV's flagship Tech for Good programme, deploying £60,000 in equity capital for a 7% ownership stake in selected pre-product ventures. BGV II targets backing up to 100 new companies over its investment period, supplemented by a follow-on reserve for the strongest performers in the portfolio. Investment themes span health and social care, education technology, climate and environmental sustainability, financial inclusion, workforce development, and access to economic opportunity—all centred on technology-led solutions with clear evidence of positive social or environmental impact alongside commercial viability and the potential for rapid scale.
Bethnal Green Ventures has backed more than 200 tech-for-good ventures across its prior funds, generating 10 successful exits and recording portfolio companies whose products have reached over 22 million lives. BGV's founder-diverse programme consistently attracts founders from underrepresented backgrounds—43% women, 42% ethnic minorities, and 19% LGBTQ+—and produces a 96 Net Promoter Score among programme participants. These metrics reflect BGV's position as a mission-aligned early-stage investor with a differentiated community and pipeline that complements traditional venture models focused purely on financial return.