The British Business Bank announces £2.3m investment in digital healthcare platform Evaro via Regional Angels Programme Co-Invest
Press release
The British Business Bank has announced its £2.3m commitment through its Regional Angels Programme Co-Invest to Evaro, an NHS-licensed digital healthcare platform.
Evaro, which has recently announced a $25m Series A funding round, is expected to accelerate the company’s healthcare-as-a-service model in three core areas: consumer brands seeking new revenue streams, healthcare organisations expanding digital capacity, and employers offering health benefits to their workforces.
Mark Barry, Senior Investment Director at British Business Bank, said:
We first invested in Evaro through an angel partner at the seed stage and we’re delighted to double down at the series A through our early-stage direct strategy. The business has grown at speed, whilst also being incredibly capital efficient. They are capitalising on the digitisation and future of health being platform based and Evaro is becoming a leader in this growing market.
Further Information
If you are a journalist and have a media enquiry, please contact mediaenquiries@british-business-bank.co.uk.
Notes to editors
About the British Business Bank
The British Business Bank is the UK government’s economic development bank. Established in November 2014, its mission is to drive sustainable growth and prosperity across the UK and to enable the transition to a net zero economy, by improving access to finance for smaller businesses. Its remit is to design, deliver and efficiently manage UK-wide smaller business access to finance programmes for the UK government.
The British Business Bank’s core programmes support £23bnRead footnote text 1 of finance to almost 64,000Read footnote text 2 smaller businesses.
British Business Bank plc is a public limited company registered in England and Wales, registration number 08616013, registered office at Steel City House, West Street, Sheffield, S1 2GQ. It is a development bank wholly owned by HM Government. British Business Bank plc and its subsidiaries are not banking institutions and do not operate as such. With the exception of BBB Investment Services Limited they are not authorised or regulated by the Prudential Regulation Authority or the Financial Conduct Authority. BBB Investment Services Limited is authorised and regulated by the Financial Conduct Authority. A complete legal structure chart for the group can be found at british-business-bank.co.uk.
The commitment described above does not constitute or imply any endorsement, warranty or recommendation by the UK government, the British Business Bank plc, its subsidiaries or any other party in respect of Evaro or its products or services.
-
Return to footnote location
1
Figures as at end March 2025
-
Return to footnote location
2
Figures as at end March 2025, does not include Start Up Loans
Latest news
-
Read more about British Business Bank makes £20m commitment to Northern Ireland’s Cordovan Capital Management Fund III Press release
04 March 2026 -
Read more about How we’re unlocking the vast potential of Northern female founders through NPIF II Blog post
03 March 2026 -
Read more about Midlands Engine Investment Fund II marks second anniversary with over £100 million investment milestone Press release
02 March 2026