SFC Capital secures €11 million to back 100 more British startups
UK early-stage investment firm SFC Capital has received an additional €11 million from the British Business Bank, aiming to fund 100 new companies under the Regional Angels Programme.
British early-stage investment firm SFC Capital has secured an additional €11 million (£10 million) from the British Business Bank under the Regional Angels Programme, bringing the bank's total commitment to €41 million (£35 million). This fourth tranche follows previous allocations of €29 million (£25 million) across three rounds.
The Regional Angels Programme is designed to reduce regional imbalances in access to early-stage equity finance. SFC Capital has already deployed the prior £25 million, supporting over 260 early-stage businesses across the UK. The new funding is expected to back a further 100 companies, raising the total number of supported firms to more than 350.
SFC Capital's portfolio includes notable names such as Onfido, Cognism, and Transcend Packaging. The firm manages over €210 million (£180 million) and more than 600 portfolio companies. Investments made through the programme have delivered strong returns: early cohorts from 2020 to 2022 show a total value to paid-in multiple of 2x, including several successful exits. For instance, Peopleforce, an HR software firm, was acquired for more than five times the original investment, while payments platform Ryft recently provided a partial secondary exit of up to 6.2x for early investors.
Founded in 2012, SFC Capital combines an angel network with seed funds, focusing on SEIS- and EIS-qualifying businesses. More than half of its investments are made outside London.
