London-based BNVT Capital has launched its debut $150 million (£111m) fund to back AI-first and technology-driven companies tackling ‘humanity’s biggest challenges’.

The fund is grounded in a landmark study, Benevolent Disruption, co-authored with Harvard, MIT, Oxford and VenCap, which found that ventures addressing major global problems historically deliver 51% higher returns.

Founded by Rory Mounsey-Heysham, Chris Corbishley and Nasir Alsharif, and seeded by Sackville Capital, BNVT has already invested in 11 companies across Europe and the US, including Swap Commerce, Cloover and Dawnguard, alongside global investors such as TPG and Iconiq.