Love Ventures has appointed Carolyn Maddox as senior advisor and is welcoming Alex Packham as a venture partner.
The appointments come as Love Ventures launches its third and largest fund to date with a close at the start of next year.
Love Ventures’ third fund will continue its record of investing in founder-led startups across FinTech, PropTech and ConsumerTech that are tackling some of the biggest problems facing industries today.
It says a focus on participating in the last funding round before Series A makes the fund well-positioned to address the clear early-stage funding gap in the UK whilst seeking to maximise return potential for investors.
It aims to get its startups ‘Series A ready’ by working collaboratively with its portfolio companies and giving founders access to its curated and growing community of sector and business experts.
Maddox joins with 30 years of experience in the private equity industry. She began her career at 3i Group followed by Causeway Capital and ABN Amro. She then joined pioneering impact investor Bridges Ventures, now Bridges Fund Management, as executive director before becoming a partner and COO at Next Wave Partners.
Since 2020 she has been advising FSD Africa Investments on various projects including climate-related investments in Africa. Maddox also chairs the advisory board of Leaders’ Quest, a global social enterprise working on purpose-led leadership development and climate change.
Packham was the founder and CEO of ContentCal, established in 2016 and sold to Adobe in December 2021. He raised significant angel and venture capital and scaled the business to over 3,500 customers and more than 60 team members.
“At Love Ventures, we pride ourselves on our founder focussed approach, which involves having a community of knowledge and expertise that our entrepreneurs can draw from,” said Adrian Love and Marcus Love, partners and co-founders.
“We’re delighted that Carolyn and Alex are joining our growing team as it will allow us to enhance our pool of expertise and provide more solutions to the challenges that portfolio companies face as they scale.
“Whilst the UK is experiencing a period of economic uncertainty, many early-stage technology businesses have proved to be resilient to this, generating exceptional growth and investor returns.
“Additionally, there is huge potential across each of our sectors to be fulfilled by investing in best-in-class FinTech, PropTech and ConsumerTech businesses.”
“Love Ventures has an established track record of investing in high growth businesses and now, with the support of our larger, experienced team and on track for our biggest fund to date, we look forward to experiencing even greater success as we continue to institutionalise our offering.”