Posted on April 1, 2019 by staff

Tech heavyweight McGann joins Praetura


Damian McGann is the latest big name from the world of tech to join Praetura Group.

Praetura consists of an asset finance and an asset-based lending division, as well as a VC fund called Praetura Ventures, which aims to bridge the estimated £300m venture capital funding gap for scaling businesses in the North West of England.

McGann, who previously worked for three international banks – holding national board positions in two – has forged a successful career as a respected figure in the world of tech.

As well as being a non-executive director of a Manchester-based FinTech called Nivo, he’s the chairman of Sunlight Technology and an advisor to Silicon Valley Bank.

McGann told BusinessCloud: “Praetura has invested in a number of ambitious fast-growing companies and my job is to help them scale even further.

“Praetura has a long-established  track record of investing in and funding businesses. We have an asset-based lending division as well.”

Praetura Ventures  recently rebranded from Praetura Capital  and recruited former chief commercial officer at Phones4U Scott Hooton; Jonathan Prescott, previously regional sales director at Octopus Investments; Mark Lyons, from Aston Ventures; and Guy Weaver, from KPMG.