Our impact
Since 2018, we’ve backed dual-use start-ups tackling the UK’s toughest tech challenges in National Security and Defence.
Several of our investments have scaled into unicorns worth over one billion dollars whilst delivering strategic impact. Our results at a glance include:
Building an operating system to assist companies implement practical quantum error correction
We invested to accelerate and scale the development of Riverlane’s operating systems and designed a tailored work programme that provided access to iterative product releases.
19 November 2025
Developing reusable satellites to manufacture advance materials in space
We invested as part of Space Forge's Series A, raising over £20m to advance the development of their space systems and continue semiconductor product innovation.
19 November 2025
Leveraging artificial intelligence to map global supply chains
Through our funds of funds approach, we indirectly invested in Altana, and funded a series of work programmes aimed at testing and trialling their supply chain mapping capabilities.
19 November 2025