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NBS Ventures

CVC

GBFintechAI/MLCybersecurityEnterpriseB2B SaaSOther

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Investment thesis

NBS Ventures is the corporate venture capital arm of Nationwide Building Society, a UK mutual organisation owned by its 16 million members. The fund looks for "inspirational teams who are developing impressive solutions that can help Nationwide to accelerate its strategy and prepare us for the future, to benefit our members, and society as a whole." Investments must demonstrate strategic alignment — accelerating Nationwide's delivery through solutions that address today's challenges or prepare for future ones — and mutual benefit, with NBS Ventures taking board observer positions to support portfolio companies as well as Nationwide. The fund focuses on relevant domains including fintech, data, cybersecurity, regtech, proptech and marketing tech, investing predominantly at Seed to Series B in UK-focused companies, though global opportunities are considered where they can benefit Nationwide.

Notable quotes

Having the capability to invest in start-ups enables us to innovate at pace and accelerate our strategic roadmap.

Suresh Viswanathan · https://www.nationwide.co.uk/ventures

NBS Ventures has been closely monitoring Aveni for some time and we're excited to invest in the team. The investment will enable Nationwide to work closely with world-leading experts to responsibly and ethically utilise Generative AI to deliver better service and outcomes for our members.

Samuel White · https://www.scottish-enterprise-mediacentre.com/news/aveni-secures-gbp-11m-investment-to-drive-ai-revolution-in-financial-services · 2024-08-06

The NBS Ventures team have been a fantastic investor. They are constantly looking out for opportunities and help us navigate working with a business the size of Nationwide.

Llewellyn Kinch · https://www.nationwide.co.uk/ventures

Team

Samuel White

Venture Partner & Head of Ventures

FintechAI/MLEnterprise

Sarah Lim

Principal

FintechCybersecurityEnterpriseB2B SaaS

Recent investments

CompanyRoundSizeDate
AveniSeries A$14m2024-07-01
Form3Series C2025-10-14
MoneyhubSeries A$10m2021-06-22
10x BankingVenture
HazySeed
BankiFiSeed
SwitchdSeed
OrdoSeed
BunkSeed
PlendSeed$700k2021-09-07

Frequent co-investors

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