Love Ventures — Chairperson

Love Ventures seeks a Chairperson with the credibility and stature within the wider UK investor community to support the firm through its fundraising activities, to act as an ambassador for the firm within the global venture capital market and to enhance its growth ambitions as it scales. (Deadline: 16th June)

Visit the website
office block

About

Love Ventures' funds provide support to early-stage UK companies developing innovative technology, set up by brothers Adrian and Marcus Love. These include funds with a focus on FinTech, PropTech, ConsumerTech at Seed up to and including Series A stage.

Love Ventures has a wealth of experience in investing in early-stage companies and the team predominantly consists of founders and exited entrepreneurs. The experience of the wider advisory panel means they are uniquely equipped to help founders grow their businesses and exit successfully. The Funds' advisors have successfully exited multiple businesses between them including CyberSource, The Instant Group, Passmark Security and Skyscanner.

Love Ventures' mission is to be the UK's leading VC at Seed to Series A. The business is carbon neutral and actively encourages portfolio companies to work towards the same objective. Their funds focus on the equity gap between Seed and Series A for investments into new portfolio companies. It is critical that early-stage businesses have the appropriate support and infrastructure to grow and flourish early on. The team is particularly active in sourcing off-market intermediate funding rounds to find businesses that wish to accelerate their growth metrics in the period prior to and including the last cheque before their Series A and beyond.

Love Ventures’ portfolio includes a range of early-stage UK companies across three technology sectors: FinTech: Banked, CIRCA500, Coconut, Detected, Tymit; PropTech: Aprao, Just Move In, Movewise; ConsumerTech: pirkx, Secret Spa and SO-SURE. The founders have a successful track record as angel investors, having backed companies such as Chip, Crowdcube and Revolut. The company is also a member of the British Venture Capital Association (BVCA) and the EIS Association (EISA).

Please see here for more information on the organisation from Love Ventures' LinkedIn page.


Role specification

The new Chairperson will work closely with the founders, the investment team and its expert advisors and will be involved in the development of its strategy. This person will be a key strategic sounding board and will be available on a flexible basis to provide independent insight.

Love Ventures is on schedule to deploy its Fund II and is ambitious for its Fund III and Fund IV development in the near future. This individual will play a key part in shaping the strategies for these funds along with providing the credibility and network to be able to support the firm in bringing in limited partners to invest in these future funds. They will be a key ambassador for the firm, both to potential investment partners and also to the wider venture capital ecosystem of advisors and founders.  

This person will also be involved in bringing venture partners into the firm, something that will become increasingly important as it grows. 

General responsibilities of the Chairperson will include:

  • Advising good governance of the company as well as the Board and helping it scale sustainably
  • Ensuring that the Board addresses the key strategic and operational issues as well as business risks
  • Preparing for and chairing all general Board meetings
  • Conducting an annual review of the effectiveness of the Board and senior management team, including ensuring that the Board collectively has the appropriate skills and experience to lead the company in generating fast growth

Person specification

Love Ventures seeks a Chairperson to support and bring credibility to the business as it looks to realise its ambitious growth trajectory, while also bringing an understanding of the corporate governance requirements of UK registered companies.

Further fundraising is critical to the future growth of Love Ventures, specifically in relation to Fund III and Fund IV. As such, this person will have credibility and a successful track record of working with potential limited partner investors. Prior experience as a Non-Executive Director, ideally as Chairperson or as a Committee Chairperson, is essential for the role.

It is beneficial if candidates have a background in tech-enabled products or services within Love Ventures' sectors of interest (finance, property, and consumer), as these all have relevance to Love Ventures' business model and growth agenda.

Internationally-based candidates are welcome to apply for this role, provided that they are able to demonstrate their ability to attend quarterly Board meetings and other company events in London.


Terms of appointment

The total time commitment for the Chairperson role is on average two days per month, which will include four annual Board meetings in London, meetings with the executive team, regular engagement with investors, attending related events, and representing the company when and where needed. Reasonable pre-agreed travel expenses may be reimbursed.

Compensation for this role will comprise a fixed annual fee and a carry participation in the funds is also being offered.


The deadline for consideration is 16th June.

If you would like to register your interest, please fill in the form below. A member of the Nurole team will be in touch ahead of the deadline to let you know whether it would be worth submitting a full application and to discuss the process further.