20th February 2025, London — Twin Path Ventures, a UK pre-seed investor in AI-first startups, has acquired assist from British Enterprise Investments for its technique to spend money on UK-based tech founders constructing and launching AI-powered options.
British Enterprise Investments, a business 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 following 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 every year, prioritising alternatives throughout all Nations and areas of the UK, each inside and out of doors of London, to foster regional financial progress and technological development.
Early beneficiaries of this funding embrace:
Sention – An East London primarily based startup with a world-first innovation that mixes superior ultrasound expertise and the most recent in AI to supply producers of batteries and gas cells the power 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 medication. A spin-out from Queen’s College Belfast, Amply is tackling a few of humankind’s best challenges resembling 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 permits area consultants, resembling an engineer, lawyer or trainer, to coach, check and consider the accuracy, security and effectiveness of an software that’s powered and constructed upon a Giant 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 companion with Twin Path Ventures to champion the UK’s thriving AI ecosystem. This funding aligns with our dedication to supporting revolutionary 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 perfect companion for this initiative.”
“This partnership with British Enterprise Investments marks a major milestone for Twin Path Ventures as we proceed to construct on our mission of empowering AI innovators. Their assist will allow us to develop our attain and influence, 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 following 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 capability to determine and nurture revolutionary ventures poised to make a worldwide influence.”
