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British Business Bank commits £180 million to six UK AI and deeptech venture capital funds

Funding Provisional 90% confidence first seen

The British Business Bank announced a £180 million investment across six AI and deeptech venture capital funds to increase funding available to UK startups as they scale. The commitments include £55 million to Intrepid Growth Partners’ Fund I and are capped in the Bank’s contribution due to the funds having already raised over £1 billion.

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