UK corporate venture capital firms by sector

The UK is host to corporate venture capital firms across sectors such as clean tech, fintech and deep tech, contributing to a fifth of all VC deals

In the UK, cleantech, AI, health and biotech dominates venture capital funding – a trend that looks to continue into Q4 and early in the new year.

In sectors such as cleantech and fintech, there are large corporates with their own venture capital arm looking to invest in disruptive start-ups. For example, large energy companies BP and Shell are pumping investment into companies developing technologies to manage carbon and helping fuel the change to electrification.

Here, we list active UK corporate venture capital (CVC) firms by sector focus – including cleantech, fintech and deep tech – and how much they invest in each company.


InMotion Ventures

Founded: 2016

Sector focus: Electrification, Metaverse, connectivity, digital services, talent, Industry 4.0

Ticket size: £250,000 – £2m

Current investments: 17

Exits: 7

Bio: InMotion Ventures invests at seed to Series B stage in start-ups that align with its strategies across electrification, connectivity and sustainability.

BP Ventures

Founded: 2006

Sector focus: Digital transformation, low carbon products, advanced mobility, carbon management, power and storage, intelligent commodities

Ticket size: N/A

Current investments: 30

Exits: 9

Bio: BP Ventures invests in businesses that align with its core business, including in those helping BP reduce carbon emissions.

Legal & General Capital  

Founded: 2013

Sector focus: Clean energy, commercial real estate, investing, SME finance, housing, data centres

Ticket size: N/A

Current investments: N/A

Exits: 2

Bio: Legal & General’s investment arm invests across a broad range of sectors, from real estate to energy and finance, aiming to ‘improve social and physical environments’.

Shell Ventures

Founded: 1996

Sector focus: Power, mobility, emission management, digital, resources

Ticket size: $2m – $5m initial investment

Current investments: 90

Exits: 15

Bio: Established in 1996, Shell Ventures was one of the first CVCs in the energy industry. At a time of great change, the firm looks to invest in the companies that can help accelerate the shift to net-zero.

National Grid Partners

Founded: 2018

Sector focus: Energy

Ticket size: N/A

Current investments: N/A

Exits: 6

Bio: National Grid Partners invests in companies which makes the power grid “safer, cleaner and smarter,” investing across all funding stages.

Centrica Innovations

Founded: 2017

Sector focus: Energy

Ticket size: N/A

Current investments: N/A

Exits: N/A

Bio: Centrica’s CVC arm seeks start-ups in the energy sector that will complement and support Centrica’s existing businesses across energy and digital technology.

RWE Energy Transition Investments  

Founded: 2011

Sector focus: Energy transition

Ticket size: N/A

Current investments: N/A

Exits: N/A

Bio: RWE Energy Transition Investments backs companies helping the transition to carbon neutrality in the energy sector by 2040.

Deep tech

Breed Reply

Founded: 2014

Sector focus: Deep tech, AI, Internet of Things

Ticket size: $1m – $5m

Current investments: 12

Exits: 8

Bio: Breed Reply invests in deep tech companies across Europe, with a particular focus on AI. It invests across seed to Series A stages.

Martlet Capital

Founded: 2011

Sector focus: B2B deep tech, life sciences

Ticket size: Up to £250,000 in first round

Current investments: 41

Exits: 7

Bio: With a primary focus on start-ups in the Cambridge area, Martlet Capital focuses on start-ups in AI, machine learning, digital health, quantum technologies and advanced medicine.


Mouro Capital (formerly Santander InnoVentures)

Founded: 2014

Sector focus: Fintech

Ticket size: Up to $15m

AUM: $400m

Current investments: 38

Exits: 10

Bio: Part of Santander bank, Mouro Capital seeks out innovations in the financial sector across all lifecycle stages.

SC Ventures

Founded: 2018

Sector focus: Fintech

Ticket size: $1m – $10m

Current investments: 22

Exits: N/A

Bio: SC Ventures by Standard Chartered invests in disruptive fintech across Series B to pre-IPO stages which can be integrated into the company’s product and service offerings.

Consumer tech

Unilever Ventures

Founded: 2002

Sector focus: Beauty and wellness, commerce and enabling technologies, B2B/Enterprise technologies

Ticket size: $500,000 to $15m

Current investments: 60

Exits: 63

Bio: Unilever is one of the world’s largest consumer goods companies and its venture arm invests in up-and-coming consumer brands and technologies – from seed stage through to Series D.

Distill Ventures

Founded: 2013

Sector focus: Beverages 

Ticket size: £250,000 – £10m

AUM: ~ £210m

Current investments: 6

Acquired: 4

Bio: The first accelerator of drinks brands, Distill Ventures invests in alcoholic and non-alcoholic drinks brands with Diageo – owner of drinks brands such as Guinness and Johnnie Walker – its sole investor.

Media tech

Indie Growth Fund

Founded: 2014

Sector focus: Creative

Ticket size: N/A

Current investments: 18

Exits: N/A

Bio: As Channel 4’s VC arm, Indie Growth Fund invests in start-ups and independent companies within the creative sector and offers support, guidance and strategic advice.

Sky Startup Investments & Partnerships

Founded: 1995

Sector focus: Media and information tech

Ticket size: N/A

Current investments: 9

Exits: 11

Bio: Sky’s CVC arm invests in start-ups across Europe, Israel and North America, offering up to £5m of advertising space in return for equity.

Channel 4 Ventures

Founded: 2015

Sector focus: Consumer

Ticket size: £1m – £5m of media airtime

Current investments: 22

Exits: 4

Bio: Channel 4 Ventures offers high growth companies the opportunity to leverage its advertising slots in exchange for equity. It is interested in companies at pre-Series A through to pre-IPO stage.

ITV AdVentures

Founded: 2020

Sector focus: Digital, consumer

Ticket size: Up to £5m in advertising

Current investments: 9

Exits: N/A

Bio: ITV AdVentures offers TV advertising to high-growth digital-first companies at all stages of development. It looks to partner with start-ups which are best suited to media exposure, such as mass-market consumer brands.



Founded: 2009

Sector focus: Consumer, enterprise, frontier tech and life sciences

Ticket size: N/A

AUM: $8bn

Current investments: 400

Exits: 65

Bio: The venture capital arm of Google invests in tech companies across industry. Formally known as Google Ventures, GV has invested in the likes of Nest, Uber and Slack through to exit.



Founded: 1975

Sector focus: Steel

Ticket size: N/A

Current investments:

Exits: N/A

Bio: The most active CVC in the UK, according to Beauhurst, UKSE backs companies related to steel – helping with investment, loans and premises.

More on UK corporate venture capital

Corporate venture capital – a Growth Business guideOne in five VC deals in Europe last year were corporate venture capital deals, but what is it and how can you get it?

Active UK corporate venture capital firmsGoogle, BP and Unilever all have their own CVC divisions backing UK-based companies. Here are those active in the UK and what they look for

Dom Walbanke

Fred Mann

Dom is a feature writer for Growth Business and Small Business, focused on matters concerning start-ups and scale-ups. He has also been published in the Independent, FourFourTwo magazine and various lifestyle...

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Corporate venture capital