Tech entrepreneur Dez Derry has announced his exit as an investor in Fletchers Group after a three-year partnership.
Derry, who is the founder of LegelTech Blume, played a key role at Fletchers Group in shaping strategic direction and supporting M&A opportunities that helped the business surpass £100m turnover.
His investment has delivered three times money-on-money (3x MOM)and a 53 per cent internal rate of return (IRR) — reflecting both strong capital growth and a rapid investment cycle.
Speaking about his departure, Derry said: “It’s been great working with the team, shaping the strategy and helping identify M&A opportunities.
“I wish the new management team all the best as they continue to drive the business forward.
“It’s been a privilege to be involved in their trajectory over the last three years and to witness them break through the £100m turnover milestone.”
Derry was adopted by a white family in the 1990s and became a charity ambassador for Adoption Matters, which he plans to continue to support.
He also plans to invest in the global electronic dance music space, identifying and supporting young talent from underprivileged backgrounds to access opportunities in music, entertainment and entrepreneurship.
Derry said: “I’ve been lucky enough to travel and experience incredible events, festivals and emerging talent.
“I meet a lot of young people trying to break through from similar backgrounds to mine, often facing real challenges.
“There were no Asian DJs when I was growing up in the 80s – that’s changing fast, and I want to be part of that change by helping young talent find their platform.”
Alongside these pursuits, Derry will continue to build his investment portfolio, which currently includes stakes in LeBlanq, Travel Seen, and Fight Division.
He is also expanding his work as a public speaker, engaging audiences on themes of adoption, entrepreneurship and social mobility.