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17 July 2017

Octopus grabs Bala

Priscila Bala, formerly a director at Yale Entrepreneurial Institute, has joined Octopus Ventures.

Author: Thierry Heles, editor

UK-based VC firm Octopus Ventures has hired Yale University’s Priscila Bala (pictured), formerly of Yale University, to its New York office.

Bala was director of the mentor network at Yale Entrepreneurial Institute, where she was responsible for matching startups with advisers and expanding Yale’s network of entrepreneurs.

At Octopus, she will support the growth of the firm’s portfolio companies, seeking out ways for them to penetrate the US market.

Prior to Yale, she worked for Credit Suisse in the European equities team and on the Latin American equities desk at Morgan Stanley.

Octopus Ventures will invest between £250,000 and £25m in initial investments, with expectations to provide follow-on funding, listing LoveFilm, Secret Escapes and Zoopla among its portfolio companies.

Bala joined Octopus Ventures in January this year, according to LinkedIn, though her move was not publicised until last week.

Alex Macpherson, chief executive of Octopus Ventures, said: “[Priscila Bala’s] wealth of experience as an entrepreneur and business professional will further strengthen Octopus Ventures’ ability to help entrepreneurs scale their businesses to the US.

“We are committed to providing our portfolio with the support they need to reach their potential and Priscila’s knowledge and connections will prove invaluable to the growth strategies of the businesses we back.”

– Image courtesy of LinkedIn

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