About BGF
BGF is a venture capital firm founded in 2011. It is primarily based out of Belfast, United Kingdom. As of Jul 2026, BGF is an active investor, having invested in 496 companies, with 19 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 Retail and High Tech. Most recently it participated in the $***** Seed round of Mach42 Overall, BGF portfolio has seen 3 unicorns, 9 IPOs and 139 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 75 people including 15 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
BGF's List of Top Investments
BGF has a portfolio of 496 companies, including 3 unicorns. Their most notable investments are in Sulmara and Christopher Ward.Their portfolio spans across United Kingdom, Ireland, United States and 9 more locations. They have invested in Enterprise Applications, Retail, High Tech and 38 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: 853 as on Jun 30, 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: 234 as on Jun 30, 2026
- Investors: Sofina, BGF 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: 1,090 as on May 31, 2026
- Investors: BGF, SoftBank Vision Fund 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
5. Oxa
Developer of autonomous software and hardware for industrial vehicle fleets. This technology enables self-driving capabilities for various industrial vehicles through modular hardware systems. The software integrates with fleet management tools to coordinate vehicle operations and logistics. These systems facilitate automated movement within industrial environments to improve operational efficiency.
Key facts about Oxa
- Founded Year: 2014
- Location: Oxford (United Kingdom)
- Annual Revenue: £1M - £10M as on Dec 31, 2024
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $349M
- Employee Count: 368 as on Jun 30, 2026
- Investors: BGF, BP Ventures and 25 Others
- Latest Funding Round: Series D, Mar 04, 2026, $*****
- Highlight: Acquired
BGF's Year-on-Year Investment Trends
BGF has invested in 498 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 Jul 2026, it has made 10 investments in this year. Its most recent first time investment was in Urban Zoo and most recent follow-on round was in Mach42.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 7 | 3 | 10 |
2025 | 19 | 7 | 26 |
2024 | 38 | 11 | 49 |
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 223 investments in Series A stage with an average round size of $8.81M, 78 investments in Series B stage with an average round size of $16.6M and 66 investments in Seed stage with an average round size of $4.43M.Stage of entry | No. of Investments |
|---|---|
Series A | 223 |
Series B | 78 |
Seed | 66 |
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 232 Enterprise (B2B) companies, 183 Tech companies, 96 Software companies and at least 89 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 83 |
Business Services | 61 |
Consumer | 42 |
High Tech | 37 |
Retail | 35 |
Others | 411 |
Note: We have considered here, only first round of investments
BGF's Investments by Geography
BGF has made most investments in United Kingdom (424), followed by United States where it has made 16 investments.Country | No. of Investments |
|---|---|
United Kingdom | 424 |
United States | 16 |
Ireland | 13 |
Scotland | 5 |
Canada | 3 |
Others | 7 |
Note: We have considered here, only first round of investments
BGF's recent investments
BGF has made 10 investments in 2026 so far. Mach42 and Urban Zoo are the latest among them.Here are the most recent investments by BGF:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 21, 2026 | United Kingdom | Seed | 2155 | [+1] | |
Jul 15, 2026 | United Kingdom | Series B | 8436 | - | |
Jul 07, 2026 | United Kingdom | Series A | 3465 | [+4] | |
Jun 29, 2026 | United Kingdom | Series B | 7574 | [+4] | |
Jun 23, 2026 | United Kingdom | Seed | 6949 |
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 |
|---|---|---|---|---|---|---|---|
65 | Provider of merchant of record services for digital product businesses | 2012 | London | Series D | forlied | ||
53 | Provider of cell-free DNA technology platform for genetic medicine application | 2007 | Hampton | Series B | s{ceaou | ||
75 | Provider of recipe boxes containing fresh ingredients and recipe instructions | 2012 | London | Series F | qbcxsdn |
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 | 9614 | |
Sep 02, 2020 | Jul 04, 2023 | Post IPO | 5679 | |
Aug 07, 2017 | - | - | 4022 | |
May 12, 2015 | Apr 2016 | Post IPO | 9120 | |
Dec 16, 2013 | Sep 2014 | Post IPO | 9971 |
Acquired companies in BGF's Portfolio
139 companies from BGF's portfolio have been acquired. The most recent acquisition was Walker Precision in Jul 2026 by Karman Space & Defense for $*****.Here are BGF's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 21, 2026 | Jan 10, 2018 | PE | 9711 | |
May 22, 2026 | Sep 21, 2021 | Series A | 9186 | |
May 14, 2026 | Oct 31, 2023 | Series B | 6394 | |
May 01, 2026 | Apr 17, 2016 | PE | 5722 | |
Apr 29, 2026 | Dec 23, 2019 | Series B | 6932 |
_1550496718949.png?devicePixelRatio=2&height=20&width=20){kind=logo}
_1577769595520.png?devicePixelRatio=2&height=20&width=20){kind=logo}
Team profile of BGF
BGF has a team of 75 members including 15 Partners and 46 Principals located in United Kingdom, India and 1 more location. BGF's team sits on the board of 1 company.Here is a list of top team members in BGF:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | London | - | ||
Partner | London | - | ||
Partner | London | - | - | |
Partner | London | - | ||
Partner | - | - | - | |
Partner | Manchester | - | ||
Partner | United Kingdom | - | - | |
Partner | Pune | - | - | |
Partner | United Kingdom | - | - | |
Partner | London | - | - |
Co-investors of BGF
Over the past 15 years, 635 investors have co-invested in BGF's portfolio companies. This includes funds and angels.
- Invested before BGF: Parkwalk, Gov and 272 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: 190 investors entered a company along with BGF. These include investors like HSBC (7 companies).
- Invested after BGF: A total of 171 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
•
Urban Zoo Secures £20M Investment from BGF to Fuel International ExpansionInsider Media•Jul 15, 2026•Urban Zoo, BGF
•
Multi-utility provider Everflow secures £44m funding for nationwide growthInsider Media•Jul 13, 2026•BGF, Everflow, OakNorth Bank
•
MIG Capital Invests £1.5M in Luffy AI's Series A Funding RoundPresse Portal•Jul 08, 2026•Luffy AI, MIG Capital, BGF
•
BGF Exceeds £419 Million Investment Milestone in Scottish BusinessesScottish Business News•Jul 07, 2026•BGF
•
BGF surpasses €5.8 billion deployed after 15 years backing UK and Irish startupsEU-Startups•Jul 06, 2026•BGF
•
SpaceX Investor Joins Gaussion's £21m Funding Round for Energy Intelligence TechBusinessCloud•Jun 29, 2026•Gaussian, AlbionVC, BGF, Future Ventures and 1 other
•
Cruden enters next chapter as record pipeline drives growthScottish Business News•Jun 25, 2026•BGF, Cruden
•
TRIMTECH Therapeutics Raises Additional $14 Million in Seed RoundStartup Rise EU•Jun 23, 2026•Johnson & Johnson Innovation, Trimtech Therapeutics, BGF, Johnson & Johnson and 2 others
•
•
BGF exits Polar Technology to Trive Capital Insider Media•Apr 21, 2026•Polar Technology Management Group, BGF, Trive Capital
