about us

  • We want to see the power of innovation and technology used to solve major social problems, bringing the benefits of innovation to everyone in society. We help to do this by investing in ventures with inclusive and scalable innovations that are run by outstanding entrepreneurs. We are an experienced team of sector experts, venture capitalists, impact investors and evaluators backed by a strong, innovative institution - Nesta.
  • Committed to supporting outstanding entrepreneurs, we bring the skills, networks and resources of our team and from across Nesta, to support social ventures to deliver on their mission. We are currently seeking innovations that tackle the major challenges faced by older people, children and communities in the UK.
  • the team

    Nathan Elstub

    Nathan Elstub

    Nathan joined Nesta in 2015 as Chief Investment Officer with overall responsibility for the organisation's investment activities.  

     

    Biography

     

    Nathan has been involved in venture capital and private equity investment in high growth businesses for almost 20 years and has successfully backed companies in a wide range of sectors and from start-up stage through to buy-outs.  Originally an engineer, Nathan is a Chartered Accountant and previously worked at Arthur Andersen, Barclays Private Equity and Social Finance.  

     

    Nathan is also an advisory board member and founder mentor of Emerge Education, a leading ed-tech accelerator, on the investment committee of the Shared Lives impact investment fund, an active business angel and non-executive director of a number of businesses.  

     

     

    Manish Miglani

    Manish Miglani

    Manish joined Nesta in 2015 as an Investment Director and works on the fund's investments across sectors.

    Biography

    Manish has been involved in venture capital and private equity since 2005, both as an investor and a consultant, and has worked at Sovereign Capital, Terra Firma Capital Partners and Aureos Capital (now part of Abraaj). At Sovereign Capital, his main focus was on Education and Healthcare. He's been involved in Astrum , GSM, Creare and Lifetime investment as well as bolt-on investments for Eden Futures and World Class Learning. Prior to that, Manish was a strategy consultant at Accenture and a marketing manager at Colgate Palmolive.

    Manish holds an MBA from London Business School, a Masters in Management from the Indian Institute of Management and a BSc Honours in Electronics from the University of Delhi.

     

    Isabel Newman

    Isabel Newman

    Isabel joined Nesta in October 2013 and is an Impact Investment manager in the Nesta Impact Investments team.

    She supports all stages of the investment process from initial appraisal through to deal execution and portfolio management, with a specific focus on the fund’s Children and Young People theme.

    Biography

    Isabel has a background in social investment and international grant making, having previously worked at CAF Venturesome and Comic Relief.

    She holds a BA in Geography from Newcastle University and an MSc in Globalisation and Development from SOAS.

    Isabel is also a Trustee of The Midi Music Company, a south London based charity that inspires children and young people to get into the music and creative industries.

    Eibhlín Ní Ógáin

    Eibhlín Ní Ógáin

    Eibhlin joined Nesta Impact Investments in May 2014 as its insights manager. She leads the fund’s work on evidence and impact measurement. She runs research projects to inform the investment strategies of the fund’s focus areas and supports investees with impact measurement.

    Biography

    Prior to Nesta, Eibhlin worked for New Philanthropy Capital where she was a Senior Consultant in the Measurement and Evaluation team. Eibhlin worked with a number of charities, social enterprises and foundations while at NPC, helping them on issues like strategy, research and impact measurement.

    Eibhlin also published research on major issues affecting the charity sector, from the use of evidence to effective interventions for different social issues.

    Victoria Pack

    Victoria Pack

    Victoria leads on Investment Operations and Investor Relations for the Impact Investment fund.

    She is responsible for the initial analysis of incoming investment opportunities, quantitative analysis of the fund, investor reporting and relations.

    Biography

    After graduating from Bournemouth University and travelling round the world, Victoria worked at Fitch Ratings, Canary Wharf and Citibank, Jersey prior to joining Nesta in May 2012.

    Victoria is a member of the Jersey-based Beach Ability charity, which aids beach access to wheelchair users. Victoria also sits on the Board of the Pack Foundation, which focuses on the education of young people in the UK.

    Victoria holds a certificate of Higher Education in Genetics and a BSc (Hons) in Forensic Science. Victoria is a keen skier, windsurfer and gofler.

    Vishal Saxena

    Vishal Saxena

    Vishal joined Nesta in October 2015 as an Impact Investment Intern. He is working closely with the rest of the team to develop ideas for new seed funds themed around Digital Health and Education, areas which he is very passionate about. He is also involved in the analysis of incoming investment opportunities for the current fund.  

    Biography

    Vishal is a recent Chemical Engineering graduate from University College London (UCL). His passion for investments, innovation, and social impact naturally led him to Nesta Impact Investments; he developed an interest in equity research through his work at Jefferies and HDFC Securities and will soon be working towards the CFA.

     

    Helen Gironi

    Helen Gironi

    Helen joined Nesta Impact Investments in January 2016 as Investment Director, and works across the fund’s investment themes making investments and managing the portfolio.

    Helen started her career in venture capital in 2002, when she helped manage a new fund investing in small businesses in east London.  She subsequently joined The Capital Fund, a £50 million venture capital fund backing fast-growing SMEs in Greater London. She has successfully backed companies in retail, technology, marketing and support services. She later sat on the board of Octopus Apollo and Protected VCT vehicles and has advised Finance South East on investing its Enterprise M3 Growth Fund.

    She studied Chemistry at Bristol University and started her career working for Nomura and HSBC working on share offerings and flotations of companies from Europe, Middle East and Africa.

    investment committee

    Vince O’Brien

    Vince O’Brien

    Vince O’Brien has worked in the private equity industry for nearly 30 years. A former Chairman of the British Venture Capital Association, he served for more than 20 years as a partner with Montagu Private Equity, a mid-market private equity manager with over €5 billion under management. He was one of the core team that led the buyout of the business from the HSBC Group. He started his private equity career at Coopers and Lybrand where he assisted management teams in fundraising and venture capital transactions.

     

    In addition to his role with Nesta, Vince holds various other positions including Chairman of Quest Placement Services, Non-Executive Director of Impax Asset Management Group plc and Advisory Director, Montana Capital Partners. He obtained a degree in Modern History at Oxford University and is a qualified Chartered Accountant.

     

    Vince is based in London and is married with three children.

    Ernie Richardson

    Ernie Richardson

    Ernie Richardson is a highly experienced advisor and investor in the early stage tech venture space. Previously Managing Partner of venture capital firm MTI Ventures (www.mtiventures.com), Ernie is a graduate chemical engineer and chartered management accountant with many years’ experience in finance and general management positions. His career has included periods with British Steel Chemicals Division, and various senior finance roles with speciality chemicals company Laporte Industries.

    At MTI he was responsible for several of MTI’s most successful transactions and became Managing Partner in 2003, and was actively involved in much of MTI’s fund raising activity. The most recent of these was the £32m fund (www.theupf.com), raised to invest in spin-out opportunities with the University of Manchester.

    Since leaving MTI he continues to be involved in early stage investing as an NED and advisor/consultant. Ernie is a non-exec member of the investment committee at Nesta (www.nesta.org) and with speciality chemicals group Thomas Swan Chemical Company (www.thomas-swan.co.uk). He also works as a non-exec with Foresight Group in two funds focussing on the waste/recycling sector.

    Ernie is active in a number of industry bodies including the BVCA, and is a regular media commentator on the early stage and technology space and speaks regularly at industry conferences on these topics.

    Belinda Vernon

    Belinda Vernon

    Until March 2012 Belinda was Co-director of Research & Consulting at New Philanthropy Capital (NPC), a leading think tank and consultancy in the charity sector.  Belinda’s main responsibility was to lead a team of analysts and consultants, including experts in measurement and evaluation, to help charities and funders create greater impact. This was achieved through published research, bespoke consulting assignments and by stimulating debate on new ideas to boost social impact. In particular, Belinda pioneered NPC’s approach to analysing charities which has been adopted by many other organisations. She was also instrumental in shining a spotlight on the need for better charity governance.

    Prior to joining NPC, Belinda was a Director at Credit Suisse where she was an equity analyst for the engineering sector. Belinda started her career as an engineer working for Shell before initially moving into management consulting where she spent four years working for Coopers & Lybrand (now PWC) advising organisations on strategy and business planning.

    Belinda is a founding trustee of National Numeracy. The charity was established in March 2012, following research published by NPC, which called for a new organisation to be set up to tackle poor numeracy in the UK.

    Paul Bailey

    Paul Bailey

    Paul has spent over 25 years working in the executive search market across the UK and Europe. In 1998 he co-founded Bailey Fisher Executive Search, a boutique firm focused on delivering executive search and advisory services to the high growth technology market. Paul has worked with some of the UK’s finest technology companies including ARM, Cambridge Silicon Radio, Domino as well as start-ups who have gone on to be acquired by Apple and Google. He is a founder member of the steering committee for ideaSpace Enterprise Accelerator a hub for early stage innovation, providing space and resources to a community of innovators, entrepreneurs and advisors based in Cambridge. A member of the Board of Cambridge Ahead, a business and academic member group dedicated to promoting the successful long term growth of Cambridge and the region and a regular speaker at the Judge Business School Executive MBA programme. Until recently Paul was an advisor to New Wave Ventures LLP, a privately owned evergreen £20m fund investing in companies with significant growth potential. He is also a founder of The Perse Enterprise Conference an annual event designed to help students aged 15-18 develop their interpersonal and leadership skills, their understanding of business, and the importance of innovation and entrepreneurship in the modern world across the UK.

     

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    what we look for

    We invest in ventures with high impact, scalable innovations that are run by outstanding entrepreneurs. We are actively looking for ventures which are:

    • outcome-focussed
    • innovative
    • evidence-based
    • inclusive
    • scalable
    • financially sustainable
    • outstanding leadership
    • We invest in product and services which have a positive effect on one or more or our target outcomes.

      Read more about our target outcomes

    • We invest in ventures which aim to have an impact beyond what exists already, through innovation in product, process, business model or financing structure

    • We invest in ventures that can articulate a credible theory of change and we support ventures to implement an ongoing evaluation programme to further evidence the impact of their products or services on people’s lives.

      Read more about our approach to impact and evaluation

    • We invest for public benefit which means the products and service we invest in need to be accessible, inclusive and affordable to all.

      Read more about our approach to investing for public benefit. 

    • We invest in ventures which are able to grow their reach to a significant proportion of people in the target group, or society overall.

    • We invest in ventures with sustainable financial models capable of producing a return on our investment.

    • We want to work with outstanding entrepreneurs who are committed to using their skills to address big social challenges.

    send us your plan

    Send us your plan

    To find out what we're looking for, please read our guide. Please also read our privacy policy.

    find us

    address

    1 Plough Place, London EC4A 1DE

    telephone

    020 7438 2500

    talk to us