Octopus appoints strategic adviser

Chris Wade has joined the ventures team at Octopus as strategic adviser. In this new role, Wade will be working with the ventures team, and its portfolio companies, looking to enter Asian markets. Wade is currently an adviser to UK Trade and Investment on venture capital matters.

PRESS RELEASE

Chris Wade, veteran entrepreneur, and more recently, the UKTI’s adviser on venture capital, is to join the Ventures team at Octopus as Strategic Adviser. In this new role, Chris will be working with the Ventures team, and its portfolio companies, looking to break into Asian markets.

Chris is currently an adviser to UK Trade and Investment (‘UKTI’) on venture capital matters. This follows two years as the Director of the UKTI’s Venture Capital unit, where he was responsible for advising the Government on the role of international investment in the UK’s entrepreneurial ecosystem – and successfully delivered multiple new investors to the UK. He is also a Partner at Entrepreneur First, Europe’s leading accelerator programme for aspiring technology founders – as well as an angel investor and Board member for a number of high-growth businesses, including Octopus-backed UltraSoc.

Chris has already made an impact at Octopus, having introduced CertiVox to Tokyo-based DoCoMo – the third largest mobile operator in the world – that resulted in its first European investment.

Alex Macpherson, head of the Ventures team at Octopus, said: “Chris has been a long-time friend of Octopus and we are delighted to be welcoming him into the team. He’s already been a great resource for our portfolio companies – especially CertiVox – and his connections and knowledge of the Asian enterprise market are unmatched. We look forward to working with him to better support entrepreneurs in looking both East and West when growing global businesses.”

Chris Wade said of the appointment: “My passion lies in supporting UK entrepreneurs and I am excited to be joining the team at Octopus who share this. When building global businesses, historically European entrepreneurs have looked to the US for expansion and investment opportunities; I absolutely welcome developments in this space that mean more and more entrepreneurs are looking to Asian markets.”

Chris will continue in his roles as UKTI’s adviser on venture capital and as Partner of Entrepreneur First, as well as his various Board commitments.

Ends

About Octopus

Octopus is a venture capital investor backing talented teams with the potential to build big businesses. Our focus is on identifying entrepreneurs and fast growth companies that can scale explosively to create, transform or dominate an industry. The team has a proven track record of helping build exceptional global businesses, including graze.com, Secret Escapes, SwiftKey, YPlan, and Zoopla Property Group.

Octopus works in close partnership with entrepreneurs, adding real value to the portfolio beyond financial investment. The team’s work is supported by access to the Octopus Venture Partners, a network of approximately 100 outstanding business leaders and entrepreneurs who provide an invaluable wealth of expertise and resource for our portfolio companies.

The Ventures team is part of Octopus Investments, one of the UK’s fastest growing investment management companies specialising in small company investing, with more than £3.5 billion of assets under management.

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