Hermann Hauser's venture capital company, Amadeus, says it has introduced Silicon Valley-style 'venture partners' to its team.
Amadeus takes a lead from Silicon Valley
Francois Steiger was vice-president of BroadVision, the world's leading e-business applications software company, where he was general manager for Europe, the Middle East, Africa and India.
Simon Cornwell joins from Two Way TV, which he co-founded and where he was chief executive. Two Way is the world leader in digital interactive television games.
Venture partners work closely with companies in which venture capitalists invest, helping with strategy and recruitment.
They usually have first hand experience of building and running successful businesses and work alongside the investment teams, providing additional hands-on support to fledgling businesses.
Anne Glover, Amadeus chief executive, said: 'In all markets, but especially at the moment, companies need to work their cash hard in order to execute on their business plans. Venture partners can add real value to this process.'
Last week Amadeus, which has offices in Cambridge and London, announced a new multi-million pound seed fund for very early stage businesses.
Amadeus Capital Partners is a global technology investor. Since 1997, the firm has raised over $1bn for investment and used it to back more than 130 companies. With vast experience and a great network, Amadeus’ team of investors and entrepreneurs share a passion for the transformative power of technology. We invest in consumer services, financial technology, artificial intelligence, cyber security, medical technology, digital healthcare and digital media.