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29 November 2023
Investing in innovative tech startups

M&G’s Catalyst strategy invests in innovative companies tackling some of the world’s biggest environmental and social challenges.

A recent example of this is our £4 million investment into Bethnal Green Ventures, a London-based venture capital (VC) firm that makes early stage investments into tech companies with diverse founders.

For every £1 of venture capital investment, less than 1p goes to all-female led teams and 83% of deals that UK VC’s made in 2018 had no women at all on the founding teams, according to the UK VC & Female Founders report. Our investment will be supporting to bridge this gap by supporting the facilitation of around £50 million of capital to fund at least 50 female founders in the UK.

Rana Modarres
Rana Modarres, Impact Director, M&G Catalyst said:

“The UK is a rich source of technologies and talent that can meet the demands of emerging and underserved markets, by using tech for good to accelerate solutions for complex social and environmental challenges. Our investment will help to finance at least 50 female entrepreneurs in the UK - we are excited to support BGV in their second fund as they continue to invest in diverse founders using technology to create positive impact at scale.”

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M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.

M&G plc は、イングランド及びウェールズで設立・登録。本社登録地は10 Fenchurch Avenue, London EC3M 5AG。登録番号11444019。M&G plcは持ち株会社で、その子会社の一部はPRA(健全性監督機構)及びFCA(金融行為規制機構) に認可され、それらの規制対象となっています。

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M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.