Hg invests in new AI venture alongside Anthropic
Summary by AI BETAClose X
Hg, the Manager of HgCapital Trust plc (“HgT”), today announced an agreement to invest, with participation from Anthropic and angel investors, in a new AI transformation company to help European companies advance responsible AI adoption and product innovation.
The terms of the transaction are not disclosed.
HgT will invest in a new “ServiceCo” with participation from Anthropic, alongside other institutional clients of Hg investing through the Hg Saturn Fund, and as a direct co-investor, providing HgT shareholders with unique exposure to this exciting opportunity.
HgT, whose shares are listed on the London Stock Exchange, gives private and institutional investors the opportunity to participate in all Hg's investments.
New AI transformation company raises funding
to advance AI adoption in Europe
London, UK – 3 November 2026: Hg, the leading investor in European and transatlantic technology and services businesses, today announced an agreement to invest, with participation from Anthropic and angel investors, in a new AI transformation company to help European companies advance responsible AI adoption and product innovation.
The new company, which will formally launch later this year, will be an independent entity that works with organizations to advance AI adoption and AI-native product build, moving beyond pilots to measurable operational impact. The company will build on Claude, with forward deployed engineers, helping businesses move beyond simply adopting AI to building real, defensible advantage from it.
Built for Europe, the company will shape the organizations that will define Europe's AI era - supporting businesses with distinctive IP, deep domain expertise and long-standing customer relationships that operate across a uniquely complex landscape of languages and regulatory regimes.
Steve Batchelor and JB Brian, Co-CEOs of Hg, commented: “This builds on Hg's early conviction in the transformational power of AI. We’re delighted to announce our investment in this new company and look forward to further advancing Europe’s position within the global AI ecosystem.”
Steve Corfield, Head of Global Business Development and Partnerships at Anthropic, commented: “Businesses are looking for experienced teams to help them put Claude to work. We’re proud to invest in companies like this as they grow to meet that need.”
-Ends-
For further information, please contact:
HgCapital Trust
Laura Dixon
+44 7824 592 894
George Crowe
+44 7774 617 150
Cadarn
Lucy Clark
lucy@cadarncapital.com
+44 7984 184 461
David Harris
david@cadarncapital.com
+44 7368 883 211
Hg
Tom Eckersley
Sam Ferris
About HgCapital Trust plc
HgCapital Trust plc is an investment company whose shares are listed on the London Stock Exchange (HGT.L). HGT gives investors exposure, through a liquid vehicle, to a portfolio of high-growth unquoted companies, managed by Hg, an experienced and well-resourced private equity firm with a long-term track record of delivering superior risk-adjusted returns for its investors.
For further details, see www.hgcapitaltrust.com and www.hgcapital.com
Past performance is not indicative of future results. Capital at Risk.
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