London-based Blenheim Chalcot, a digital venture builder, is expanding to New York.
Set up in 1998, Blenheim Chalcot has assets of over $1.1bn under management, over 3,000 employees, and supports the growth of 20 companies across a wide variety of sectors, including IT services and outsourcing, education, software, financial services, sport and media.
Blenheim Chalcot already has offices in Mumbai, Nottingham and London.
Dan Cobley, managing partner FinTech at Blenheim Chalcot, commented on the news.
“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.”
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Blenheim Chalcot helps portfolio companies with investment and supports them from inception through to exit through venture building services, such as shared offices, IT, finance, legal and marketing.
It also connects ventures with its global networks. The partners at Blenheim Chalcot have held senior roles at Google, Monitor and Capital One.
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. We’re so pleased that Blenheim Chalcot is able to support these impressive businesses with a new home in New York and all the venture builder services that have been available to them in the UK.”
Lee Arthur, general manager of Blenheim Chalcot North America, concluded: “The AI and machine-learning products developed by companies within our portfolio have been of great benefit to others as a result of the collaboration that we’ve fostered amongst them. It’s been so exciting to see the businesses working together and today represents a major milestone for all of us as we take these technologies to market in the US.”