Reed Elsevier Ventures Overview
Tony Askew
General Partner
Reed Elsevier Ventures
BVCA Summit
17 October 2013
Reed Elsevier is one of the world’s leading provider of
professional information solutions
~$26bn market cap
$9.3bn annual revenues
$6bn digital revenues
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Reed Elsevier Ventures (REV) was founded in 2000
and has a dual focus: make money and be strategic
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We have an LP/GP structure and have raised a total of
$250m from Reed Elsevier over a number of funds
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REV is structured as a VC Investment Partnership
– Clear alignment of incentives with other investors and management
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typical fund structure, 10 years duration for each fund
management fee
carried interest remuneration
– Invests $1m to $10m for large minority stake
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typically 10-30% equity ownership
Series A/B, some later stage
Lead and syndicate investor
– Fast, transparent decision making
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REV people are from the world of VC
– VC skillset: diligence, investment discipline and mindset
– Distinctive experience and network
– Active investor, board seats and governance
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We run a typical venture capital process with a focus
on rigour and fast paced & clear decision making
• Rigorous diligence, VC financial
returns hurdle
• Streamlined investment approval
process (Investment Committee of
CFO, CSO & REV Partners)
• No BU champion/blackball
• Sector focus and pro-active
targeting of companies
• Active post investment via board
seats to exit
• Active portfolio management
• Aligned long term focus with
management and other investors
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We invest in high growth technology, information &
media companies across the US, Europe and Israel
Large scale data, analytics & enabling technologies
Acq. By informatica
Acq. By Business Obj.
Acq. By Akamai
Acq. By IBM
Acq. By IBM
Acq. By FAST
Acq. By Vignette
Internet, information, new media & mobile
TASE: BBYL
Acq. By IHS
Acq. By RH Donnelly
Acq. By D&B
Healthcare information & software
Acq. By Galapagos NV
•Acq. By Optum Health.
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Please feel free to contact us to learn more
Tony Askew
Kevin Brown
General Partner
General Partner
tony.askew@reedelsevier.com
kevin.brown@reedelsevier.com
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