News

05/08/2014

Blenheim Chalcot to create fintech incubator with QED Investors and former Google UK MD Dan Cobley

Building on a record of successful investments in technology-driven financial services businesses, Blenheim Chalcot is partnering with Capital One founder Nigel Morris’s QED Investors and former Google UK Managing Director Dan Cobley to establish Brightbridge Capital, a FinTech incubator and investment fund based in London.

Following successful investments in Grove Capital Management, Oakbrook Finance, Liberis and TDX Group, Blenheim Chalcot will be an active partner with QED in Brightbridge, which will be based in the Blenheim Chalcot building in Hammersmith. Nigel Morris, who founded Capital One with partner Richard Fairbanks, will be Chairman of Brightbridge.

Dan Cobley, who was VP Marketing Europe for Capital One before spending eight years at Google as head of European Marketing and UK MD, will take the role of CEO of Brightbridge. “The decision to leave Google is a really tough one, and I will miss the place hugely. But I have always wanted to run my own thing, and having secured the support of such amazing backers there will never be a better time to make the leap”, says Cobley.

Brightbridge will have initial funding of a committed fund to invest in and build businesses that promise to redefine how financial services are delivered through the smart use of internet technology.