Quester, a UK early-stage technology investor, has established its fourth university-linked fund, Isis College Fund II, extending its relationship with the University of Oxford and its colleges.
The fund has held a first closing with commitments of £5 million and aims to build on the the 13 investments made by the first Isis fund established in 1999.
In addition to the Isis funds, Quester manages two other major university funds: the £7.9 million Lachesis Fund, which invests in early stage technologies from five East Midlands Universities, and the £9 million Sulis Seedcorn Fund which invests in emerging technology companies from the Universities of Bath, Bristol and Southampton.
Quester, has also hired Rudy Burger as director of US business development. Burger will open an office for Quester on the Sand Hill Road, home to many of San Francisco’s venture capital firrms.
Burger will concentrate on working with Quester portfolio companies to develop and implement their strategies for growing their North American business activities, and assisting with their equity fundraising in the United States.
Burger’s business career has been spent in the technology sector. He has founded five companies and also has experience of large corporate life at IBM, Xerox and NEC Packard Bell. He is a member of Motorola’s research visionary board.