
B8 Venture Partners
Venture capital firm investing equity in Forest's £40m Series B.
Last refreshed: 1 May 2026 · Appears in 2 active topics
What European mobility companies is B8 Venture Partners backing?
Timeline for B8 Venture Partners
Runway raises to $5.3bn as a world model
Media's AI PivotInvested equity in Forest £40m Series B
UK Startups and Innovation: Forest closes £40m for London e-bike pushWhat does B8 Venture Partners invest in?
Why did B8 Venture Partners invest in Forest's Series B?
Did B8 Venture Partners lead the Forest e-bike funding round?
Background
B8 Venture Partners is a European growth equity fund with a focus on mobility, sustainability and technology ventures. The fund backs companies at Series A and B that have established initial market traction and need capital to scale operations, expand geographically, or build out product infrastructure. It takes a concentrated portfolio approach, investing in fewer companies at higher conviction with active board involvement.
B8's investment in mobility aligns it with the broader transition away from car-centric urban transport: it focuses on operators, platforms and enabling infrastructure rather than purely hardware. The fund co-invests with other European growth-stage investors and has a network of operating advisers who support portfolio companies on commercial and regulatory development.
B8 Venture Partners led the equity component of Forest's £40m Series B in April 2026 alongside Fen Ventures and Güil Mobility Ventures. The round also included £10m of asset-backed debt from Fintex Capital and a minority equity stake from hardware supplier OKAI. The structure is typical of capital-intensive fleet businesses, where debt collateralised against physical assets reduces equity dilution while providing fleet-expansion capital.