#british business bank Tech News.
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FPE Capital closed the first round of Fund IV with a €46 million cornerstone investment from the British Business Bank. The commitment surpasses the total size of the predecessor fund. The fund supports high growth smaller businesses across the UK and Ireland.
FPE, a private equity investor focused on B2B software companies, secured a £40m commitment to Fund IV from the British Business Bank. The bank previously committed £20m to FPE's Fund II in 2017. The commitment supports high-growth UK small businesses under the bank's growth equity strategy.
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