St Andrews-based investment firm, Eos Advisory, has appointed Mark Beaumont to its leadership team to help deliver its strategic growth plans.
The appointment of the long-distance cyclist, broadcaster and author, who is already an equity partner in the firm, is the first of a series of announcements aimed at delivering on the firm’s strategy.
Founded in 2014, Eos has a portfolio of 12 investee companies including Cumulus Oncology, ILC Therapeutics, 3FBio and Xelect, investing in four areas: disease prevention and treatment; energy security, climate change and pollution; food and water security, and; sustainability of industrial processes and infrastructure.
Eos said it sees specific opportunities with strategic investments in novel oncology technologies and treatments and CleanTech solutions, but says it “will remain active on a deal-by-deal basis in all four of the wider impact areas”.
Beaumont’s remit will include helping to secure new co-investors, based both in the UK and internationally, to add to the existing ones.
Eos also remains a Scottish Investment Bank (SIB) co-investment partner, having completed a number of investment rounds alongside SIB this year.
Eos managing partner Andrew McNeill said: “Eos has a strong track record with our syndicate investments, which will continue to be an important pillar for our work.
“As we scale our investments through the EIS Innovation Fund and our new co-investment vehicles, we will greatly benefit from the network and experience that Mark brings.
On the back of his investment as an equity partner in Eos in 2019, we are delighted that he has accepted our offer to now take this executive leadership role.”
Mark Beaumont said: “Eos has established itself as one the most exciting early stage investors in Scotland.
“The areas that Eos targets are hugely important, addressing key global issues, so I am motivated not just by finding and growing businesses, but also around the impact they will have and how Scotland continues to play an important role through innovative science and technology.
“I am much better known for building record-breaking teams and creating world firsts in the adventure world, but the processes and entrepreneurial skills are remarkably similar.
“I have spent my entire career building belief and process around projects that many people think are impossible, and that is what is often needed to create businesses that disrupt and often create new markets.
“As we start to engage with investors across the UK, Europe, North America and Asia, I can see that Eos is building a really powerful narrative which I can help shape.
“Collectively, our aim is for Eos Advisory to be a significant catalyst for Scottish early stage businesses and global impact.”
Mark Beaumont, an Economics and Politics graduate from the University of Glasgow, is best known for his world record-breaking cycles around the globe.
He is Patron for the Saltire Foundation, a part of Entrepreneurial Scotland as well as the Centre for Entrepreneurship at Dundee University, where he was formerly the Rector.
He is a corporate ambassador for private equity house LDC.
In 2017, Mark Beaumont was also awarded the British Empire Medal for his contributions to sport and charity.