20th February 2025, London — Twin Path Ventures, a UK pre-seed investor in AI-first startups, has acquired help from British Enterprise Investments for its technique to put money into UK-based tech founders constructing and launching AI-powered options.
British Enterprise Investments, a industrial subsidiary of the British Enterprise Financial institution has dedicated £10 million alongside Twin Path Ventures early-stage AI-focused funding fund and the fund’s present angel and household workplace traders. This partnership will see British Enterprise Investments contribute c.£3 million yearly over the subsequent three years, supporting Twin Path’s mission.
Twin Path Ventures, led by skilled companions John Spindler, Nick Slater, and Katie Lockwood, is devoted to backing transformative AI-first companies throughout the UK. This funding from British Enterprise Investments will allow Twin Path Ventures to speculate c.£10m into 15 corporations each year, prioritising alternatives throughout all Nations and areas of the UK, each inside and outdoors of London, to foster regional financial progress and technological development.
Early beneficiaries of this funding embody:
Sention – An East London primarily based startup with a world-first innovation that mixes superior ultrasound know-how and the most recent in AI to supply producers of batteries and gas cells the flexibility to diagnose faults and precisely predict efficiency and future degradation charges on the design and manufacturing stage. The Financial institution’s funding has enabled Twin Path Ventures to steer a £3m seed funding in Sention alongside co-investor VCs from Europe, USA and Singapore.
Amply Discovery – A Belfast-based next-generation drug discovery platform that mixes the most recent in machine studying and artificial biology to mine huge organic datasets to find novel medicine. A spin-out from Queen’s College Belfast, Amply is tackling a few of humankind’s biggest challenges comparable to most cancers and multi-drug resistant infections.
Composo AI – A London and North West England startup with founders who beforehand labored at Graphcore and Quantum Black, Composo AI has constructed and is now presently deploying a easy to make use of, extremely novel platform that allows area specialists, comparable to an engineer, lawyer or trainer, to coach, take a look at and consider the accuracy, security and effectiveness of an utility that’s powered and constructed upon a Massive Language Mannequin. The Banks Funding enabled Twin Path Ventures to steer a £1m+ spherical.
Adam Kelly, Managing Director, British Enterprise Investments, mentioned, “We’re delighted to accomplice with Twin Path Ventures to champion the UK’s thriving AI ecosystem. This funding aligns with our dedication to supporting progressive early-stage companies and driving financial progress throughout all areas of the UK. Twin Path’s experience and deal with rising AI applied sciences make them a really perfect accomplice for this initiative.”
“This partnership with British Enterprise Investments marks a big milestone for Twin Path Ventures as we proceed to construct on our mission of empowering AI innovators. Their help will allow us to develop our attain and impression, significantly in areas the place funding gaps persist,” mentioned John Spindler, Associate at Twin Path Ventures. “We look ahead to figuring out and supporting the subsequent wave of UK AI pioneers.
“Twin Path Ventures has already revamped 20 strategic investments in early-stage AI-first corporations since its inception 18 months in the past. This collaboration with British Enterprise Investments will speed up their potential to establish and nurture progressive ventures poised to make a worldwide impression.”
