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Posted on October 1, 2018 by staff

Tech venture builder eyes US expansion

Blenheim Chalcot, the tech and digital venture builder led by former Google boss Dan Cobley, is expanding to the US with a new base in New York.

Founded in the UK in 1998, Blenheim Chalcot specialises in building digital businesses and has made the move to capitalise on the rapid growth of its FinTech, edtech and AI-powered companies.

It has assets of $1.1 billion under management and over 3,000 employees. The New York location joins existing offices in Mumbai, India, and UK sites in Nottingham and London.

Blenheim Chalcot’s FinTech ventures Salary Finance and Liberis are two of seven companies now entering the US market.

Dan Cobley, managing partner of FinTech at Blenheim Chalcot, said: “The UK is established as a world-leader in FinTech and the time is ripe for the talent and technology within these companies to make their move in the US market.

“We’re going to be working closely with the firms to help them navigate the regulatory divergence across states, which often restricts the ability of FinTech businesses to scale in the US.

“There is huge demand for the products they’ve developed, and New York is the perfect launchpad for making new connections with potential customers.”

Education technology firms Hive Learning and AVADO Learning are also expanding in the US.

Charles Mindenhall, co-founder of Blenheim Chalcot, added: “We’re very proud of what these companies have achieved in the UK with the technological solutions they’ve brought to market.

“As the pace of change in business continues to accelerate as a result of these advancements in tech, it’s vital that everyone in the workforce has access to the training they need to move forward in their careers.

“Our EdTech companies have been playing their part in making this possible and they can have an even bigger impact in the US.”