A backer of main British fintechs together with Tide and Zopa will this week title one of many founders of Lovefilm as its new chairman.
Sky Information understands that Augmentum Fintech, which is listed in London, has lined up William Reeve, one in every of Britain’s most skilled start-up entrepreneurs, to take the position.
A supply mentioned his appointment may very well be introduced as quickly as Monday.
Mr Reeve co-founded Lovefilm, which was offered to Amazon, and Secret Escapes, an internet journey agency which has attracted substantial backing from institutional buyers.
He has additionally chaired well-known tech firms together with Nutmeg, the wealth administration app which was purchased by JP Morgan, and Graze.com, the subscription snacks model which was acquired by non-public fairness large Carlyle.
Mr Reeve is now chief govt of Goodlord, a property expertise enterprise, and sits on the board of house furnishings retailer Dunelm.
He is because of retire from the Dunelm board subsequent month.
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At Augmentum Fintech, Mr Reeve will chair a enterprise which has invested in additional than 25 firms since its launch, together with Interactive Investor, which was offered to the fund supervisor Abrdn, and Farewill, the monetary and authorized providers platform.
Augmentum couldn’t be reached for touch upon Sunday.
