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June 16, 2024
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New Name: Venture Capital Firm Changing Identity Post-Founder’s Departure

TLDR:

  • London-based venture capital firm Hambro Perks is set to change its name to Salica Investments following the death and resignation of its co-founders.
  • The new name, Salica Investments, signifies reliability and organic growth potential.

Article Summary:

Salica Investments, formerly known as Hambro Perks, is undergoing a name change following the departure of its two co-founders, Rupert Hambro and Dominic Perks. The new name, Salica Investments, combines the Latin word for willow and the Greek word for fruit, emphasizing the firm’s trustworthiness and growth potential.

Initially focused on supporting British startups, the venture capital firm has expanded to invest in various private market funds across sectors and geographies. Under the leadership of Andrew Wyke, Salica Investments has seen success with its funds and recently closed its first UK venture debt fund.

Following his exit from Hambro Perks, co-founder Dominic Perks has launched Lexham Partners in collaboration with Sanjiv Somani, the former CEO of JP Morgan’s Chase UK. Despite the name change, Perks remains one of the largest shareholders of Salica Investments, along with the Hambro family and Phoenix Group.

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