About This Fund
BGV II LP is the second flagship impact venture capital fund managed by Bethnal Green Ventures (BGV), one of the United Kingdom's leading early-stage investors in technology for social and environmental good. Announced in 2024, the fund is targeting a total raise of £50 million to back 100 new technology-for-good startups over four years through BGV's renowned Tech for Good Programme. The fund announced a first close of £33 million, supported by anchor investors including the British Business Bank through its Enterprise Capital Funds programme, M&G Catalyst, and Big Society Capital.
BGV II LP deploys capital through a distinctive accelerator-investment model, providing each portfolio company with an initial £60,000 investment in exchange for 7% equity at the pre-seed stage. At least half of the investments made out of the fund will be allocated to female-founded ventures, reflecting BGV's commitment to diversity as a core investment principle and operational standard. The fund makes follow-on investments into top-performing portfolio companies at the seed stage, supported by the fund's significantly larger capital base compared to its predecessor. As of 2024, BGV II LP had made 17 investments across communication software, automation, and application software companies addressing a broad range of social and environmental challenges.
Founded in 2012, Bethnal Green Ventures manages approximately £50 million in assets as of December 2024 and has a decade-long track record of backing founders who use technology to address society's most pressing problems. With 75 active portfolio companies and a collective reach of over 21 million people across its portfolio, BGV has established itself as the UK's most distinctive tech-for-good investor. BGV II LP represents the largest fund in BGV's history, enabling meaningfully larger follow-on allocations, deeper portfolio support, and a broader reach across the UK and European tech-for-good founder ecosystem. The fund builds on the success of BGV's first fund and several thematic vehicles that collectively demonstrate the firm's ability to source, back, and support high-impact technology entrepreneurs.