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Deepbridge Capital makes two senior hires

UK venture capital investment manager Deepbridge Capital has appointed Steve Shallcross as Chief Information and Technology Officer and Connor Grimes as Associate Investment Director, Technology.

Prior to joining Deepbridge, Shallcross was Senior Vice President of Technology and Innovation at Cheshire-based tech company Afin Technologies. Shallcross’s role at Deepbridge is to lead the digitalisation of the business and ensure that the company has the digital capabilities to continue to be a leading provider of tax efficient investments to the financial adviser and private investor markets.
 
Grimes joins the Deepbridge technology investment team following six years as Investment Manager at Seneca Partners, bring considerable experience of supporting Enterprise Investment Scheme (EIS) and venture capital trust (VCT) eligible companies. He also holds an MSc in Finance and Investments from Erasmus University, Rotterdam.
 
Deepbridge is a leading provider of tax efficient investments reporting a record year of fundraising during the 2020/21 tax year, with a series of innovative products including the Deepbridge Technology Growth EIS, Deepbridge Life Sciences EIS and Deepbridge Estate Planning Service.
 
Adrian Neilan, COO and Investment Director, Technology, at Deepbridge Capital at Deepbridge Capital, says: “I am delighted to welcome Steve and Connor to the Deepbridge family. The addition of these two highly-skilled members to the Deepbridge team will help drive our ambitious growth plans and ensure that financial advisers and clients continue to be confident that Deepbridge is offering the best possible products and service.”
 
This month Deepbridge also announced that it has seen a record year of fundraising with GBP29.4 million deployed across 37 growth companies, representing an increase from 2019/20 and 2018/19 in which GBP21.5 million and GBP28.7 million were deployed respectively. Deepbridge believes that its success this year – which contrasts with the wider Enterprise Investment Scheme fundraising market – is down to the firm’s relationship with the advisory market and focus on growth companies in the technology, life sciences and renewable energy sectors.
 
Neilan says: “Further to a record year of fundraising, we look forward to continuing to support our fantastic portfolio of tech, life sciences and renewable energy investee companies, and believe that these companies will be at the forefront of economic recovery here in the UK – with the ultimate aim of providing great returns to investors.”
 

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