About BGF
BGF is a venture capital firm founded in 2011. It is primarily based out of Belfast, United Kingdom. As of Aug 2026, BGF is an active investor, having invested in 502 companies, with 22 new investments in the last 12 months. It primarily invests in Series A round in United Kingdom based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Retail. Most recently it participated in the $***** Series A round of Unitedtoolingsolutions Overall, BGF portfolio has seen 3 unicorns, 9 IPOs and 142 acquisitions including key companies like GoCardless, OrganOx and Gousto. A lot of funds co-invest with BGF, with names like HSBC sharing a substantial percentage of its portfolio. BGF has team of 81 people including 18 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 8 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
BGF's List of Top Investments
BGF has a portfolio of 502 companies, including 3 unicorns. Their most notable investments are in Johnsons Aggregates and MyLife Digital.Their portfolio spans across United Kingdom, Ireland, United States and 9 more locations. They have invested in Enterprise Applications, High Tech, Retail and 39 other sectors, across stages such as Series A, Series B and 8 more. Here is the list of top investments by BGF:
1. GoCardless
Provider of automated bank payment collection and recurring billing services. This service enables businesses to pull payments directly from customer bank accounts. It supports one-off invoice payments and recurring billing cycles for subscriptions or installments. The system integrates with accounting software to facilitate automatic reconciliation of financial records. It includes functionality for managing failed payment retries and processing international transactions through bank networks.
Key facts about GoCardless
- Founded Year: 2011
- Location: London (United Kingdom)
- Annual Revenue: £100M - £500M as on Jun 30, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $540M
- Employee Count: 847 as on Jul 31, 2026
- Investors: Adams Street Partners, Kreos Capital and 26 Others
- Latest Funding Round: Series G, Feb 08, 2022, $*****
- Highlight: Acquired
2. OrganOx
Provider of a storage and transport system for harvested organs. The metra device has a rugged, robust design for ease of transport and safe storage when not in use. It has an extended battery life for transportation and a self regulating oxygen supply, removing the need to carry gas canister. The warm preservation seeks to re-create an environment that mimics the human body by continuously perfusing at physiological pressures and flows with oxygen-carrying red cells at 37˚C and providing nutrition.
Key facts about OrganOx
- Founded Year: 2008
- Location: Oxford (United Kingdom)
- Annual Revenue: £50M - £100M as on Apr 30, 2024
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $45.4M
- Employee Count: 246 as on Aug 31, 2026
- Investors: GT Healthcare Capital Partners, Health Quest Capital and 61 Others
- Latest Funding Round: Series D, Feb 24, 2025, $*****
- Highlight: Acquired
3. Gousto
Provider of recipe boxes containing fresh ingredients and recipe instructions. The company delivers pre-portioned ingredients and corresponding recipes on a flexible subscription basis. Customers select meals from a weekly menu with various dietary options. The service aims to reduce food waste and simplify meal preparation.
Key facts about Gousto
- Founded Year: 2012
- Location: London (United Kingdom)
- Annual Revenue: £50M - £100M as on Dec 27, 2019
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $541M
- Employee Count: 1,109 as on Jul 31, 2026
- Investors: SoftBank Vision Fund, MMC Ventures and 40 Others
- Latest Funding Round: Series F, Feb 24, 2022, $*****
- Highlight: Editors' Pick
4. Pharmacy2U
Pharmacy2U is an online pharmacy store in the UK. The company also provides a confidential private online doctor service. The company's web and mobile based platform allow users to search for the required medicine and order. The user needs to upload the prescription Our NHS Repeat Prescription Service takes care of everything to get your repeat prescriptions delivered for free to your door. Our Online Doctor service provides a convenient & confidential GP consultation service. We also offer a wide range of over the counter products & a private prescription service.Regulated by GPhC and the CQC.
Key facts about Pharmacy2U
- Founded Year: 1999
- Location: Leeds (United Kingdom)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $313M
- Employee Count: 598 as on Jul 31, 2026
- Investors: G Square, Credit Agricole CIB and 28 Others
- Latest Funding Round: Series C, Mar 25, 2020, $*****
- Highlight: Editors' Pick
5. ROLI
Developer of digital instruments and music learning systems for consumers. They provide a range of instruments, including keyboards and related software. The company also offers educational resources designed to help individuals learn to play music. These resources include applications and learning systems tailored for various skill levels.
Key facts about ROLI
- Founded Year: 2009
- Location: London (United Kingdom)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $79.4M
- Employee Count: 238 as on Aug 31, 2026
- Investors: Kreos Capital, TriplePoint Capital and 74 Others
- Latest Funding Round: Seed, 2021, $*****
- Highlight: Editors' Pick
BGF's Year-on-Year Investment Trends
BGF has invested in 504 companies over the last 15 years, with an average of 34 new investments annually in the last 10 years. In 2025, it made 26 investments, while as of Aug 2026, it has made 16 investments in this year. Its most recent first time investment was in Unitedtoolingsolutions and most recent follow-on round was in TidalSense.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 12 | 4 | 16 |
2025 | 19 | 7 | 26 |
2024 | 39 | 11 | 50 |
2023 | 35 | 6 | 41 |
2022 | 36 | 9 | 45 |
2021 | 49 | 10 | 59 |
2020 | 30 | 8 | 38 |
2019 | 24 | 14 | 38 |
2018 | 47 | 10 | 57 |
2017 | 36 | 6 | 42 |
BGF's Investments by Stage
BGF has made 224 investments in Series A stage with an average round size of $8.8M, 80 investments in Series B stage with an average round size of $16.8M and 69 investments in Seed stage with an average round size of $4.43M.Stage of entry | No. of Investments |
|---|---|
Series A | 224 |
Series B | 80 |
Seed | 69 |
PE | 56 |
Unattributed | 24 |
Others | 17 |
Note: We have considered here, only first round of investments
BGF's Investments by Sector
BGF has a diverse portfolio, with companies operating in the Enterprise Applications, Business Services, Consumer, High Tech and Retail. Notably, it has invested in 233 Enterprise (B2B) companies, 184 Tech companies, 97 Software companies and at least 90 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 84 |
Business Services | 63 |
Consumer | 42 |
High Tech | 38 |
Retail | 35 |
Others | 414 |
Note: We have considered here, only first round of investments
BGF's Investments by Geography
BGF has made most investments in United Kingdom (426), followed by United States where it has made 17 investments.Country | No. of Investments |
|---|---|
United Kingdom | 426 |
United States | 17 |
Ireland | 14 |
Scotland | 5 |
Canada | 3 |
Others | 7 |
Note: We have considered here, only first round of investments
BGF's recent investments
BGF has made 16 investments in 2026 so far. Unitedtoolingsolutions and Redfaire are the latest among them.Here are the most recent investments by BGF:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 24, 2026 | - | Series A | 5873 | - | |
Aug 21, 2026 | Ireland | Series B | 7891 | - | |
Jul 24, 2026 | United Kingdom | Series A | 3852 | [+2] | |
Jul 23, 2026 | - | Seed | 6488 | - | |
Jul 21, 2026 | United Kingdom | Seed | 7129 | [+1] |
Unicorns in BGF's Portfolio
BGF has 3 unicorns in its portfolio - Paddle, Touchlight and Gousto. The most recent unicorn in their portfolio is Paddle. It became a unicorn in 2022, 5 years after BGF first invested in it.Here is a list of unicorns in BGF's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
66 | Provider of merchant of record services for digital product businesses | 2012 | London | Series D | tnpyzeq | ||
53 | Provider of cell-free DNA technology platform for genetic medicine application | 2007 | Hampton | Series B | zozlwmj | ||
74 | Provider of recipe boxes containing fresh ingredients and recipe instructions | 2012 | London | Series F | dqxfdxx |
IPOs and Publicly Listed companies in BGF's Portfolio
9 of BGF's portfolio companies have become public. Dianomi got listed on the London Stock Exchange (LSE), in May 2021 at marketcap of $122M and Kooth got listed on the London Stock Exchange (LSE) at marketcap of $1.83M.Here are BGF's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 24, 2021 | Feb 28, 2018 | Series B | 3997 | |
Sep 02, 2020 | Jul 04, 2023 | Post IPO | 3877 | |
Aug 07, 2017 | - | - | 1991 | |
May 12, 2015 | Apr 2016 | Post IPO | 9175 | |
Dec 16, 2013 | Sep 2014 | Post IPO | 7216 |
Acquired companies in BGF's Portfolio
142 companies from BGF's portfolio have been acquired. The most recent acquisition was bf1systems in Aug 2026 by Lagercrantz for $*****.Here are BGF's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 17, 2026 | Nov 25, 2019 | PE | 7863 | |
Jul 21, 2026 | Jan 10, 2018 | PE | 8147 | |
Jul 10, 2026 | Dec 19, 2018 | PE | 4131 | |
May 22, 2026 | Sep 21, 2021 | Series A | 5753 | |
May 14, 2026 | Oct 31, 2023 | Series B | 3177 |
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Team profile of BGF
BGF has a team of 81 members including 18 Partners and 57 Principals located in United Kingdom, Ireland and 2 more locations. BGF's team sits on the board of 5 companies.Here is a list of top team members in BGF:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Bristol | |||
Partner | London | - | ||
Partner | United Kingdom | - | ||
Partner | London | - | ||
Partner | United Kingdom | - | ||
Partner | United Kingdom | |||
Partner | London | - | ||
Partner | United Kingdom | - | ||
Partner | London | - | - | |
Partner | London | - | ||
Partner | - | - | - |
Co-investors of BGF
Over the past 15 years, 648 investors have co-invested in BGF's portfolio companies. This includes funds and angels.
- Invested before BGF: Parkwalk, Gov and 273 others have invested in rounds before BGF. There are 12 companies where Parkwalk has invested before BGF and 11 companies where Gov has invested before BGF.
- Top Co-investors of BGF: 192 investors entered a company along with BGF. These include investors like HSBC (7 companies).
- Invested after BGF: A total of 181 investors have invested in BGF's portfolio after their investments. Top Investors include Gov (12 companies), HSBC (10 companies) and Barclays (6 companies).
Recent News related to BGF
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BGF-backed Opus Safety acquires Suresite's health and safety divisionInsider Media•Sep 04, 2026•Opus Safety, BGF, Suresite, OakNorth Bank
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Browne Jacobson advises on cross-border deal for mortgage protection businessInsider Media•Aug 28, 2026•BGF
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Strathberry Nears Stake Sale to Soho Square, Valued Near £100 MillionFashion Network•Aug 25, 2026•Soho Square, Strathberry, BGF
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BGF's £5.25m Rescue Package Fails to Prevent Engineering Supplier's CollapseTheBusinessDesk.com•Aug 24, 2026•BGF
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BGF Invests €13m in Irish Oracle Services Firm RedfaireBusinessplus•Aug 21, 2026•BGF Industries, Redfaire, BGF
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BGF Investor Highlights North West Region's Business Evolution and DiversityInsider Media•Aug 21, 2026•BGF
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Mach42 Raises £7M in Pre-Series A FundingFinSMEs•Jul 21, 2026•Foresight Group, Mach42, BGF, IP Group
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Urban Zoo Secures £20M Investment from BGF to Fuel International ExpansionInsider Media•Jul 15, 2026•Urban Zoo, BGF
