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Better Society Capital

Other · Founded 2012 · London, United Kingdom

#1,148 LP Ranking #159 of 2,413 LPs

We improve the lives of people in the UK through investment with a sustainable return

33 VC firms backed
$1.0B AUM
01 · Background

Who Better Society Capital is.

Historical Background
Better Society Capital was established in 2012 to function as a social impact investor in the United Kingdom. The organisation was conceived during the early 2000s and launched under the coalition government in 2012 as Big Society Capital, before rebranding in 2024.
Source of Capital
A significant portion of the firm's capital originates from UK bank accounts that have been dormant for 15 years or more, managed through the Reclaim Fund. Four major UK banks—Barclays, HSBC, Lloyds Banking Group, and NatWest—also contributed initial capital.
Major Events
In April 2024, the organisation changed its name from Big Society Capital to Better Society Capital to more clearly articulate its mission.
Allocation Strategy
The firm focuses on social impact investments, providing capital to organisations addressing social issues and inequalities within the UK. It invests directly into social purpose organisations and also collaborates with fund managers to channel capital towards its objectives. Investment areas include tackling issues such as homelessness, mental health, and fuel poverty.
02 · Fund commitments

The funds Better Society Capital backs.

Better Society Capital is a limited partner in 33 funds. 1 of them place in the Power Law Investor Ranking; those lead, best-ranked first.

Balderton Capital
United Kingdom
#59 Power Law
Access-socialinvestment
United Kingdom
Ada Ventures
United Kingdom
Ananda Impact Ventures
Germany
Ascension
United Kingdom
Bank of Montreal
Canada
Berenberg
Germany
Bethnal Green Ventures (BGV)
United Kingdom
Big Issue Invest
United Kingdom
Bridges Fund Management
United Kingdom
Bristol & Bath Regional Capital
United Kingdom
Bristol City Funds
United Kingdom
03 · Allocation

How Better Society Capital’s fund book is spread.

The 33 funds Better Society Capital backs, by where the manager is headquartered and how many funds that manager has raised.

Where those managers are based

By fund headquarters.

  • Europe 3297%
  • North America 13%

United Kingdom 29 · Germany 3 · Canada 1

How established those managers are

Managers grouped by how many funds they have raised — across the 23 of 33 with a fund history on record.

Emerging funds · 15
Established funds · 8
9 1
4 2
2 3
1 4
4 5-6
1 7-9
10-14
2 15+
Funds raised by the manager
05 · Direct investments

The companies Better Society Capital backs directly.

Better Society Capital holds 10 companies directly, separate from the funds it commits to as a limited partner.

Stream
Fintech · UK
$360M valuation
Charity Bank
Fintech · UK
$13M valuation
ClearlySo
Fintech · UK
$7.9M valuation
First Ark Social Investment
Fintech · UK
$11M valuation
Spacehive
Fintech · UK
$8.0M valuation
Peter Morgan Property Group
Real Estate · UK
Finance For Enterprise
Fintech · UK
Magenta Tech
Hosting · UK
The Ethical Housing Company
Real Estate · UK
SWIG Finance
Fintech · UK
06 · Portfolio market map

Inside Better Society Capital’s portfolio.

The 10 highest-funded portfolio companies, of 6 tracked.

Stream
Fintech
$360M
Charity Bank
Fintech
$13M
ClearlySo
Fintech
$7.9M
First Ark Social Investment
Fintech
$11M
Spacehive
Fintech
$8.0M
Peter Morgan Property Group
Real Estate
Finance For Enterprise
Fintech
Magenta Tech
Hosting
The Ethical Housing Company
Real Estate
SWIG Finance
Fintech