Matt Mead appointed Chief Investment Officer

Mercia Technologies PLC, a Midlands based leader in the funding and commercialisation of technology businesses in the UK, is pleased to announce that Matt Mead has been appointed Chief Investment Officer with effect from 26 May 2015.

Matt has over 20 years’ experience in the investment industry and is a seasoned board executive, having been a non-executive director and non-executive Chairman at over 15 early stage and growth businesses.

He worked at 3i from 1995 to 2009 making early stage investments in software and other technology businesses. He also successfully directed 3i’s pan European Venture portfolio team returning a significant level of proceeds in two years and managed the disposal of 3i’s Venture Portfolio in a series of secondary transactions.

He subsequently joined NESTA as Managing Director Investments to run its £30m Venture Capital Fund and in 2010 was appointed CIO, managing all investment activity at NESTA, including its £350m Trust assets and its social impact investment funds.

Mark Payton, Chief Executive of Mercia Technologies PLC, said:

I am delighted to welcome Matt to Mercia Technologies as CIO. He has an excellent track record in all stages of the investment process – from identifying quality early stage opportunities, through to nurturing and scaling growth businesses for successful exit.

”With his broad expertise and experience, backed by a strong reputation as a smart and effective investor in emerging, innovative businesses, Matt is a valuable addition to our executive team, as we continue to develop our business into 2015.”