British Business Bank backs multi-fund VC Fuel Ventures with €11 million investment

What happened

The British Business Bank (the Bank) announced €11 million (£10 million) to the Fuel Ventures funds, made through the Bank’s Regional Angels Programme. This programme launched in 2019 to address imbalances in access to early-stage equity finance.

Fuel Ventures was set up to back the next wave of ambitious Tech founders and has since evolved […] The post British Business Bank backs multi-fund VC Fuel Ventures with €11 million investment appeared first on EU-Startups . Fuel Ventures was set up to back the next wave of ambitious Tech founders and has since evolved into a multi-stage VC, with funds designed to support companies beyond initial investment, from pre-Seed through to Series A (an early stage of company funding).

said Mark Barry , Senior Investment Director at the British Business Bank. The Fuel Ventures commitment follows a wider series of investments by the British Business Bank in UK venture and growth-capital managers during 2026.

Key facts

• The British Business Bank (the Bank) — announced: €11 million (£10 million) to the Fuel Ventures funds, made through the Bank’s Regional Angels Programme