National Security Strategic Investment Fund
Steel City House, West, London, United Kingdom
Overview
The National Security Strategic Investment Fund is the British Government’s corporate venturing arm for dual-use advanced technologies. It is a joint initiative between HM Government and the British Business Bank. NSSIF invests commercially in advanced technology firms, alongside other investors, supporting long-term equity investment – ‘patient capital’ – and harnesses the Government’s unique technology expertise. Its objectives include accelerating the adoption of HMG’s future national security and defense capabilities and the development of the UK’s dual-use technology ecosystem.
- Total investments
- 14
- Lead investments
- 0
- Investments · 12mo
- 7
- Active investors
- 0
Sector focus
- Financial Services
- Government
- Venture Capital
Investment portfolio
- Greenjets
Participated · Series A · Jul 2026
The company develops low-cost drone interceptors aimed at protecting the UK and allied forces, emerging from three years of research, validation and low-volume production. Founders frame the business within a broader vision of more electric, accessible and autonomous aviation while emphasizing immediate defense applications. The team has validated capability through trials and early production runs prior to this Series A. With the new funding, leadership plans to scale production, expand internationally and broaden the product line. The company has secured both venture capital and strategic investors, including NATO Innovation Fund and NSSIF, to support overseas expansion. Existing investors such as Tanglin Venture Partners, z21 Ventures and the Narotam Sekhsaria Family Office have participated again, marking a third investment from some backers.
- Kraken Technology
Participated · Series B · Jul 2026
Kraken Technology develops and manufactures autonomous maritime platforms such as uncrewed subsurface vessels for military and security use. Its technology is already used by NATO, the UK Ministry of Defence and the US Navy, and it counts US defence firm Anduril as a partner. Founded in 2020, the British-founded startup has expanded into manufacturing and operational deployment for defence customers. The company said it will use the new funding to develop an uncrewed surface vessel and to expand manufacturing facilities. Financially, Kraken achieved unicorn status with a $175 million Series B at a $1 billion valuation.
- Archangel Lightworks
Participated · Series A · Apr 2026
Archangel Lightworks develops laser communications systems and the TERRA-M deployable optical ground station. The company says it has designed, built and deployed its laser communications systems and is now moving to commercialise the TERRA-M product. It announced an oversubscribed $13.5 million Series A to accelerate that commercialisation. The funding round was led by Santander Asset Management with participation from NSSIF, Oxford Science Enterprises, Blackfinch Ventures, Oxford Capital and Lycka. Leadership commentary framed the raise as enabling faster work with existing and new partners to meet customer demand across markets. The company did not disclose revenue, user metrics, prior funding rounds, or a valuation in the announcement.
- Mutable Tactics
Participated · Seed · Mar 2026
Founded in 2024 by Colin MacLeod and Enrique Muñoz de Cote, Mutable Tactics builds AI-powered autonomy for robotic systems and is based in London. Its flagship orchestration system, Mastermind, provides edge autonomy that allows robots to continue missions when GPS or communications are lost. The platform uses intent-based control so commanders set high-level objectives while the AI translates those into actions, and it is designed to keep humans in the loop for rules of engagement and ethical constraints. The software is hardware-agnostic and intended to work with low-cost, off-the-shelf drone hardware. The company raised $2.1M in a pre-seed round to validate its technology with two European governments and support continued product development. No revenue, user, or other operating metrics are reported in the article.
- Refute
Participated · Seed · Feb 2026
Refute builds an artificial-intelligence platform that identifies early signals of coordinated online manipulation and supplies near real-time intelligence and response recommendations. The system is used by both public-sector and commercial customers, particularly those in higher-risk sectors such as elections and mining, to strengthen resilience against increasingly sophisticated influence operations. In recent European elections, the platform uncovered more than 32,500 inauthentic TikTok videos aimed at expatriate communities, while 40 percent of monitored mining-sector sites showed signs of misleading or inauthentic activity. Having emerged from stealth with a pre-seed round in 2024, the company is now expanding its technology and client base. The newly secured seed capital will fund further product development and broaden engagement with governments and enterprises facing hybrid warfare and reputational threats. Financially, Refute has raised at least two rounds (pre-seed and seed) to date, with the latest £5 million injection supporting continued growth and R&D.
Team
No current team members are available.