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Paul Humphries joins Octopus Ventures team as Investment Director


Paul Humphries joins Octopus Ventures team as Investment Director


Octopus Ventures Ltd, the Private Investor Group specialising in investment in early stage businesses valued at between £2 million and £10 million, is pleased to announce the appointment of Paul Humphries as Investment Director with immediate effect.

A successful entrepreneur in his own right, Paul has spent 25 years working in both blue chip organisations and young, growing businesses.

Since 2005, he has been an adviser to and active investor in a number of early stage companies, providing guidance on business, marketing and sales strategy and operational support, in addition to the funding required for future growth.

In 1999, Paul co-founded Opta Ltd, a successful business consultancy which grew to 40 staff with a turnover of around £10 million before being acquired by SAIC Inc, the NYSE listed Scientific, Research and Engineering company. As Opta’s Chief Operating Officer and a Director of the business, his responsibilities included sales and marketing, staffing and resourcing, as well as day-to-day operational management.

In 2003, Paul oversaw the sale of Opta Ltd to SAIC Inc. Following its completion, he was Vice President EMEA at SAIC Inc for two years.

Prior to founding his own business, Paul held a number of senior positions at large international companies including Chief Operating Officer at Liberty Communications; Marketing and Operations Director of the JP Morgan ‘Wirefree’ Fund, a global mobile communications investment fund; Sales and Marketing Director of Telefonica’s Romanian operations; Head of the Aeronautical Sector at ICO Global Communications, the global mobile satellite services provider; and eleven years at Cable & Wireless plc, latterly as Managing Director of the Company’s FlightLink Ltd subsidiary which was responsible for supplying in-flight information, communication and entertainment to the European airline market.

Commenting on Paul Humphries’ appointment, Alex Macpherson, Chief Executive, Octopus Ventures Ltd, said: “Paul’s track record in identifying business opportunities with strong prospects for growth makes him a considerable asset to the Octopus Ventures team. The wide range of skills Paul has developed throughout his impressive 25 year career in business, combined with his insight into how to turn a small enterprise into an international organisation, will make him an invaluable mentor to the companies within our portfolio and help ensure that our investors reap healthy rewards from their investments.”

Paul Humphries said: “I am delighted to be joining the Octopus Ventures team in this full-time executive capacity. I have always been impressed by their approach to mentoring the companies they invest in, as well as the impressive and consistent internal rate of return delivered by their portfolio.”

-ENDS-

Contacts

The Millbrook Partnership:
Michaela Hopkins/Emily Bastin

Tel: +44 (0) 20 7520 9455

Notes to Editors:

About Octopus Ventures (www.octopusventures.com)
Octopus Ventures, a subsidiary of Octopus Investments, is a Private Investor Group which was formed by a group of successful entrepreneurs and businessmen to provide capital and business expertise to small fast growing companies. The Company received FSA authorisation in June 2000. Over the past seven years, the Octopus Ventures team has invested £14.9m into 25 companies and generated a return of 61% per annum (equivalent to 4x the amount invested) from 11 liquidity events. Across the entire portfolio (including those investments not yet realised), Octopus Ventures’ annual rate of return has been 27%.

In October 2007, Octopus Investments launched Octopus Titan VCT 1 and Octopus Titan VCT 2. The focus of the Fund will be to generate real returns on investors’ money over the long term by investing into early-stage and expansion-stage unquoted companies. The typical deal size will range from £500,000 to £2 million


Publisher Contact Information:

Octopus Ventures
+44 (0) 20 7520 9455
michaelahopkins@millbrookpartnership.com

Company profile of Octopus Ventures
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