Wayve
Commons · Question 118929 · Tabled 9 Mar 2026 · Department for Business and Trade · Official record
Answered 12 Mar 2026
Question
Asked by Gareth Davies
To ask the Secretary of State for Business and Trade, if he will make an estimate of the level of private capital the British Business Bank expects to crowd-in from their investment in Wayve.
Answer
Answered by Blair McDougall, 12 Mar 2026
The British Business Bank has invested £25 million in Wayve as part of a $1.2 billion Series D funding round, at a post-money valuation of $8.6 billion. Additional capital secured in parallel brings the total value of the raise to $1.5 billion.The Bank ha...