Overview
You will play a key part in ensuring effective and impactful Venture investing in Wales. Overseeing deal sourcing, diligence and investment recommendations. Also, portfolio oversight, managing risk, supporting follow-on investment, and leading on all valuation and reporting activity. This role also carries delegated investment authority and requires active participation in senior management forums.
Responsibilities
- Lead and develop a team of Investment Executives, providing coaching, guidance, and support on complex deals.
- Oversee the monitoring, reporting and risk assessment of the Technology Venture Investments portfolio.
- Appraise and recommend investments to Investment Committee and support follow-on decisions for portfolio companies.
- Develop relationship with co-investors and wider industry contacts.
- Maintain up to date knowledge of venture investing and the technology landscape, maintaining best practice and an environment of continuous improvement.
- Input into the investment strategy for the Technology Venture Investment team, with a focus on delivering impact and returns.
- Manage portfolio valuations and ensure accurate financial reporting in line with IFRS and fund guidelines.
- Attend boards as an observer, support governance, and help strengthen executive teams within investee companies.
- Represent the team at meetings, events, and presentations, helping promote our products and activities.
- Contribute to the development of new financial products and systems to support fund operations.
- Proven experience in venture capital, with a strong investment track record.
- Passionate about place based investment, driven by a desire to make a positive impact on regional opportunity.
- Strong understanding of equity and debt investment, particularly in early or later-stage environments.
- Excellent communication and presentation skills.
- Commercial mindset with strong negotiation and decision-making abilities.
- Experience of managing a team and prepared to spend time in Cardiff each week where the majority of the team are based.
- Strong financial analysis skills and confidence working with business plans and investment cases.
- Proficient IT skills.
- Full driving licence.
Desirable
- Knowledge of public-sector involvement in SME finance, impact investing in the venture space or regional venture investing.
- Understanding of the Welsh economy, Development Bank of Wales and its activities.
- Welsh language skills.
About the Team
The technology venture investment team is the lead Venture investor in Wales, sector agnostic, we invest across a range of sectors from life sciences to AI. Fully backed with funding from the Welsh Government we invest between £10-15m per annum. We build strong relationships with co-investors and actively add value to the businesses we back.