Backed by the British Business Bank—an agency akin to Canada’s BDC—Osney is seeking to invest in 30 companies through pre-seed and seed funding rounds. Adam Cragg, a former executive director of Innovate Calgary and still in the city, is a partner in the new venture capital firm, along with two fellow Oxford MBA graduates based across the pond. (The Logic)

Talking point: Though Osney is focused on the British cyber industry and made its first few investments there, Canada and the U.K. have long-standing ties in cybersecurity and Canada is strong in AI, quantum computing and data centres, Cragg told BetaKit. The U.K.’s  national cybersecurity agency has praised Canada’s cybersecurity capabilities as “head of the pack” in the Five Eyes intelligence alliance.