MMC Ventures promotes two new partners
15 March 2017, London: MMC Ventures, the London-based venture capital fund, has announced significant senior appointments, most notably promoting two new partners – Simon Menashy and Ameerul Miah, who also becomes Chief Operating Officer. MMC has also added to its executive team with Victoria Ferguson becoming General Counsel and Anna Slemmings stepping up to the role of Director of Marketing and Investor Relations.
Simon Menashy has led a number of new investments over the past two years including the firm’s most recent investment into AI business Signal Media. Simon also serves on the board of MMC portfolio companies Sky-Futures, Masabi, Admedo, Brightpearl and MUBI. He joined MMC in 2011 from Deloitte, where he consulted on commercial strategy and M&A advisory for European tech and media companies.
Ameerul Miah joined MMC in 2014 from leading investment manager, Ashmore Group. In his new role as Partner and COO, Ameerul will be responsible for MMC’s daily operations and its Fund operations.
Completing this round of promotions, Cameron Grant has been made an Associate and will work with Anna on marketing and investor relations.
MMC Managing Partner Jon Coker said, “At MMC we are building a company that individuals can join and grow within. No glass ceilings, no fund cycles and no silo’d knowledge or networks. We strongly believe in rewarding people who challenge us, work incredibly hard and have a strong growth mindset. The promotions that we have made recognise a group of people who embody that attitude and have been fundamental to the growth of MMC. I am especially delighted for Simon and Ameer to be joining Bruce, Alan and me as Partners at MMC and excited to see them take an active role in the development and further growth of MMC.”
Commenting on his promotion, Simon Menashy said: “I am delighted to have been invited to join the Partnership and to be taking a lead role at MMC. Over the past five years I have had the opportunity to work on over 65 investments with 30 companies. Our ambition is to deploy another £100m in the coming years to build and scale some of Europe’s most promising digital businesses. My focus for 2017 will continue to be seeking out and backing the strongest entrepreneurial talent in the B2B technology space.”
Today’s announcement follows Jon Coker’s promotion to Managing Partner in January 2016, after nine years with the firm, and marks its continuity in growing strong talent from within. It has been another successful year for MMC, which saw two exits from the portfolio, including the sale of Breathing Buildings to Volution Group in December, and a combined raise of more than £78m from a list of top tier VCs and corporate investors for MMC portfolio companies. 2016 also saw MMC appoint David Kelnar as Director and Head of Research. David’s appointment has seen MMC producing leading research on international developments, such as Brexit, as well deep market insight on specific areas, including producing the first market map of early-stage AI businesses in the UK.
About MMC Ventures
Founded in 2000, London-based MMC Ventures is one of the UK’s leading venture capital firms. MMC has invested in more than 50 companies and focuses on technology-enabled sectors where the UK is a world leader – particularly financial and business services, business software, digital media and consumer internet With over £175 million under management, and investing £20 million+ annually, MMC is one of most active early-stage UK investors.
MMC’s existing portfolio includes; Appear Here, Bloom & Wild, Gousto, Interactive Investor, Love Home Swap, Masabi, NewVoiceMedia, Reevoo, Signal Media, SafeGuard, Sky-Futures, Small World, Somo, and Tyres on the Drive.
