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3i
20 Aug 2007
Overview
High points: Exits of DocMorris and ProStrakan in healthcare and Cambridge
Silicon Radio in technology, writes James Mawson.
AuM: £7bn in funds plus balance sheet
This fund: Plans to invest more than $1.5bn over the next five years Key people: Jo Taylor is managing partner of the 49 staff in venture capital for 3i, which excludes its growth capital and small and medium-sized investments division. He is also chairman of the UK trade body’s venture committee. Ian Lobley is a senior partner; Jean-David Chamboredon heads its Paris office; Christian Siegele is head of venture capital in Stuttgart, Germany and the hire of Jonas Risberg from Sweden’s most prolific venture capital investor, InnovationsKapital, last year was a coup for its Stockholm office. What the firm said: Over the next five years, we will invest €1.2bn to help entrepreneurs realise their potential to become leaders in their fields. We typically invest between €2m and €50m from seed to late stage across IT, healthcare and cleantech. What the critics said: Badly burnt by the dotcom bust after 2000, the firm has moved towards taking larger stakes in later stage businesses, while closing many of its UK regional offices to develop its international network. |
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