Alternative fund investment platform Kuber Ventures has partnered with Brendan Forster, the Angel investor and former board director of Carphone Warehouse. In his role, Forster will work with Kuber Ventures CEO Dermot Campbell as they take Kuber to the next level.
The firm writes that it was founded in order to modernise and make the EIS market more accessible; enabling individual and intermediary investors to build diversified portfolios into their financial planning propositions. Forster has partnered with Kuber as it has doubled its revenue in the year to date alongside growth of assets on the platform of 360 per cent since April 2015.
Forster has taken a material equity stake in Kuber.
Of the deal, Forster says: “Wealth management as an industry is going through a period of unprecedented change and digitalisation is critical to every wealth manager’s future survival. Kuber has opened up tax efficient investing to more advisers and investors than ever before, achieving revenue growth to match this achievement. I have invested in, and partnered with Kuber, because I believe this is only the start. I will be working with Dermot to ensure that Kuber achieves its potential as a truly transformative platform in the Patient Capital space.”
Dermot Campbell, CEO at Kuber Ventures, says: “We have taken an opaque, antiquated, administratively burdensome sector and transformed it into one that’s accessible, easy to understand and all through digitalisation. Kuber is moving to the next level and Brendan’s skills and knowledge will help accelerate that.”