Ventura Capital appoints new advisory board chair

Global tech investor Ventura Capital has appointed a new chair of its advisory board as it continues to scale its portfolio of late-stage investments.

Former Chancellor of the Exchequer Lord Philip Hammond has joined the firm in the role, bringing decades of Government and economic experience to support Ventura’s strategic direction.

He said: “It’s a natural step to deepen my engagement across the Ventura portfolio where I already sit on the boards of two very successful companies. 

“Ventura brings real growth support as well as equity finance to its portfolio companies and I am pleased to be able to support innovation across the Ventura portfolio as chair of the advisory board.”

Founded in 2012, Ventura backs high-growth private technology companies approaching public market exit. 

It has invested around $1 billion to date in businesses including Coursera, Zilch, Upgrade and Xiaomi. 

Mo El Husseiny, managing partner of Ventura, added: “It is rare to find the distillation of broad cross-sector knowledge, real understanding of diverse new technology sub-sectors, global macro awareness and the policy expertise which governs them in one individual. 

“Lord Hammond has been a source of great insight and inspiration not only to our portfolio companies over the years but to the Ventura team ourselves. 

“We welcome the opportunity to strengthen this activity via our advisory board.”

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