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The British Business Bank announced today it is investing £180m across six AI and deeptech VC funds. The state-owned investor puts £35m into Crane III, £20m into Connect V, £22m into Entrepreneurs First, £55m into Intrepid Growth Partners, £26m into Headline's EU VIII, and £22m into Evantic Fund I. This follows a £10m investment in Salience Labs yesterday.
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Summary by ByteBrief
UK AI Spend Rises 27% to £20.6 Million