UK investment manager, Downing LLP, has appointed Michael Tefula, previously at Oxford Seed Fund and Deloitte, to its specialist Ventures investment team. Downing Ventures invests venture capital into early-stage technology businesses in the UK, prior to supporting these companies through phases of subsequent growth. They also operate an investment crowdfunding platform Downing Crowd.
Tefula recently completed his MBA at Oxford University and joined Downing Ventures in late August as an Associate. His role at Downing will focus on sourcing new deals within the growing Ventures portfolio.
Matt Penneycard, Head of Downing Ventures, commented on Tefula’s appointment;
“Downing Ventures is an active seed investor in the UK. Over the past three years we have invested into 34 exciting start-ups. Michael’s knowledge and enthusiasm in this area of the market makes him an invaluable addition to our Ventures Investment Team and we are very pleased to welcome him to Downing.”