Pond Ventures gears up for new cycle

The technology-focused UK venture capital firm has hired seasoned technology entrepreneur Jamie Urquhart as its launches its third fund.

London based early-stage technology venture capital firm Pond Venture Partners has appointed Jamie Urquhart as a venture partner.
 
Pond Venture Partners said in a press release that Urquhart’s appointment coincides with the launch of its Pond III fund. Speaking to PEO, London partner Charles Irving said that the $145 million Pond III was “over target, oversubscribed and at the point of closing” but was unable to provide further details prior to an official announcement.
 
New venture partner Urquhart is the former chief operating officer of digital technology firm ARM Holdings. Having joined the company upon inception in 1990, he helped to take the company from start-up to flotation on the LSE and NASDAQ in April 1998.
 
Prior to that, Urquhart was a manager at Acorn Computers Limited. He is also a non-executive director of nCipher, Antenova and SplashPower.
 
According to Pond Ventures, Urquhart already had a connection with the venture capital firm through his board membership of Bath-headquartered chip technology company Picochip, a Pond Ventures portfolio company. This led to his invitation to join Pond Ventures’ advisory board in 2001.
 
Richard Irving, brother of Charles and managing partner of Pond Ventures’ California office, said in a statement: “Jamie is one of the few people in Europe who has genuinely helped build a billion dollar company. He has run engineering, sales and marketing on an international basis and is an expert in the area of licensing. As the chief operating office of a well-respected company who has been through an IPO on London and NASDAQ, and a period running ARM’s world-wide sales, his advice comes from a strong knowledge base.”