Equity Gap announces new top team
Equity Gap
An Edinburgh-based syndicate at the forefront of angel investment in Scotland.
Equity Gap announces changes to its top team that will see the syndicate continue to expand its portfolio across Scotland and the UK.
Fraser Lusty becomes Managing Director, leading the Equity Gap team as they work to deliver positive outcomes for both investors and companies.
The syndicate’s founder Jock Millican moves to a new position of Executive Chair, having successfully developed his vision of a member-led angel syndicate to create the 6th most active group in the UK.
Rhona Bree joins Equity Gap from Scottish Enterprise as a Senior Investment and Portfolio Manager. She brings a deep understanding of the early-stage investment market, with over 10 years’ experience of supporting early stage companies from initial investment to follow-on funding and successful exits.
The announcements follow a record year for the syndicate last year, with total investments into portfolio companies reaching ￡200m. During 2022, Equity Gap members invested over ￡7m across 30 funding rounds, leveraging total funding of ￡70m – more than double the figure for 2021.
Commenting on the changes, Fraser said: “Everyone at Equity Gap is indebted to Jock for his forward thinking, leadership, and determination in establishing the Equity Gap brand and portfolio. We are delighted to welcome Rhona to the team given her knowledge of and connections across the early stage ecosystem in Scotland.
“My immediate focus for Equity Gap is to develop new strategic relationships, open up new capital opportunities and partnerships, and attract significant new investors to Scotland, to create jobs in sectors where tech-led disruption has a key role to play.
“The high quality of Equity Gap’s portfolio companies is generating growing commercial success. These businesses are projecting a combined turnover of ￡90m in 2023 and the portfolio value on paper has now reached ￡300m.
“Equity Gap’s maturing portfolio is generating increasing M&A interest, which we expect to create positive outcomes for investors over the coming year.”
Co-founder and Chief Executive Officer at SMASH
10 个月Delighted to be joining Equity Gap as the team embark on a new stage of their journey.
Coach,connector, advisor, educator, outside the box thinker. Skilled in innovation, strategy, business, collaboration, project execution, partnering with Founders solving complex problems, delivering impactful outcomes.
1 年Congratulations Fraser Lusty, the world faces enormous challenges as it transitions to a circular sustainable economic system, Equity Gap and investors generally I believe, have a vital role to play in this transition.
US attorney and UK corporate lawyer advising on cross-border transactions and US expansion; GlobalScot
1 年Looking forward to working with each of Rhona Bree Fraser Lusty and Jock Millican in their respective new roles. Exciting times for growth of Equity Gap
Experienced project manager
1 年Great news for you all! Looking forward to working with you!
The wind beneath the wings of audaciously aspirational people - “it’s what I do”
1 年Congratulations to firstly Jock Millican for building such a successful business. Fraser Lusty for doing the same and now taking over at the helm and Rhona Bree for without doubt adding great value in the coming months and years. Warm regards Brian