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Simon Andrews joins Octopus Investments from Silicon Valley Bank

Octopus Investments has hired Simon Andrews into its ventures division.



 

Andrews will work alongside Simon Murdoch and Alex Macpherson to manage and develop the portfolio which includes Zoopla, True Knowledge and Prismastar.
 
After more than ten years working as an equity analyst and in M&A across Europe, Andrews’ most recent role at Silicon Valley Bank saw him specialise in venture debt and debt financing of mostly life science and technology companies, in both early and later stages of development.

Previous notable investments with which Andrews has been involved include glassesdirect.com, clearswift.com and adeptra.com.
 
Andrews’ principle role within the Octopus team will be to provide venture development and portfolio management across Octopus’ entire portfolio of investments. He will assess the ongoing needs of the companies, deciding on re-investment requirements, researching exit opportunities and planning the development and management of the investments within the portfolio.

In addition, Andrews will help to prepare companies for further rounds of fundraising, seeking overseas support in Europe and the US where necessary.
 
Alex Macpherson who heads up the ventures division at Octopus, says: “Simon’s past experience in venture debt, M&A, debt financing and research combined with his background and understanding of technology and on-line industries make him uniquely-placed to fulfil this role within our team. As our reputation and portfolio continues to grow, our investments need ever increasingly levels of support and guidance in order to take them forward to the next phase of their development. Simon’s network of contacts, both in Europe and in the US, together with his eye for opportunity will be a great asset to our team.”
 
Andrews adds: “The environment for venture capital has definitely turned a corner in 2010, both in Europe and in the US. This is an exciting time to be joining a team like Octopus where the emphasis is on quality not quantity. They are committed to backing exceptional entrepreneurs and building great companies, not just turning round a quick return, and the quality of the team already in place is second to none.”

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