Quester bolsters ICT team

The UK venture capital firm has hired Sergio Levi to specialise in semiconductor and electronics investments.

UK technology investor Quester has appointed Sergio Levi as an investment director in its information and communications technology team.

Levi will focus on investments in the semiconductor and electronics sector. One of Quester’s most recent investments in the sector was in September of last year, when it led a $10 million (€8.2 million) funding round for Global Silicon, a Buckinghamshire, UK-based fabless semiconductor company, alongside Celtic House and MTI Partners.

Levi joined Quester from ON Semiconductor Corp, a spin-off from the former Motorola Semiconductor Group, where he spent five years as vice president Europe, Middle East and Africa. Prior to that, Levi had a 12-year career at digital signal processing and analogue technology company, Texas Instruments.

“[Levi’s] broad operational experience in the semiconductor industry and his overview as a supplier of product to key sectors such as mobile telecoms will be very valuable,” said Simon Acland, managing director of Quester, in a company statement.

In separate news, Quester has sold its holding in Footfall, a provider of customer counting technology retail information services, to information solutions company Experian.

Quester sold its stake alongside fellow investors New Media Spark, Matrix and VCF and the company’s founders and management. No full deal value was disclosed.

Quester said that the sale generated proceeds of £9.9 million (€14.3 million; $17.3 million). The firm first invested in Footfall in April 2000, when it committed £2 million as part of a £5.2 million funding round, and has participated in further funding rounds.

Solihull-based Footfall provides customer counting technology and statistics to the retail and retail property sectors. The company employs 70 people in the UK and has operations in 11 countries worldwide.

Founded in 1984, Quester invests in IT, communications, healthcare and life sciences. It has approximately £250 million of assets under management.