Glasgow-based N4 Partners are preparing to launch a new investment fund for early-stage companies following the appointment of Scottish banking veteran Gordon Merrylees.
A former head of entrepreneurship at the Royal Bank of Scotland and its parent company NatWest, Mr Merrylees is well known in the start-up scene. He stepped down last year after 36 years at the bank, where he created a UK network of 12 ‘entrepreneur accelerator’ hubs which have backed more than 60,000 start-ups with £400m of funding. investment.
The appointment marks a meeting between Mr Merrylees and former Royal Bank executive Benny Higgins, who joined N4 as chairman in September 2021.
“I had the pleasure of working with Gordon for several years at RBS and his passion for supporting entrepreneurs and start-ups across the UK is unparalleled,” said Mr Higgins. “We are delighted to welcome Gordon on board as we seek to launch a venture capital fund exclusively targeting the UK start-up community.”
READ MORE: Glasgow investment firm appoints Higgins in bid to raise profile
N4 was created in 2020 by four former employees of Clyde Blowers Capital. It manages funds on behalf of European and US institutional investors, focusing on the industrials, healthcare, technology, defense and energy sectors.
Commenting on his appointment, Mr Merrylees said he was “delighted” to join the N4 squad.
“Throughout my career I have always been incredibly passionate about supporting the growth of talented entrepreneurs and start-ups across the UK,” he said.
“From building a start-up and scale-up accelerator program at RBS to my current role at Know-it as Chief Commercial Officer, playing my role in ensuring that the innovative credit realizes its potential as one of the most innovative fintech start-ups, I have now experienced first-hand the level of support required for start-ups and entrepreneurs to succeed and achieve their growth ambitions.