Eos Advisory, the St. Andrews-based investment company focusing on disease prevention, energy conservation, climate change and sustainability, has been named to the executive team by Scottish endurance cyclist Mark Beaumont.
Beaumont, who studied economics and politics at Glasgow University, would be responsible for attracting new co-investors from home and abroad, among other things. Since 2019, he has been an equity partner at Eos.
“Eos has established itself as one of the most exciting early-stage investors in Scotland,” Mr. Beaumont said. “The areas Eos is targeting are hugely important and address important global issues, so I’m motivated not only by finding and growing companies, but also by the impact they will have and how Scotland continues to play an important role through innovative science and technology.”
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Founded in 2014, Eos has a portfolio of 12 firms, including Cumulus Oncology, ILC Therapeutics, 3FBio and Xelect, in which it is invested. “on a deal-by-deal basis in all four”on a deal-by-deal basis.
The business will be headed by Andrew McNeill, managing partner, who said he was “delighted” that Mr. Beaumont had embraced the leadership role.
“Eos has a strong track record with our syndicated investments, which will continue to be a key pillar for our work,” he said. “As we scale our investments through the EIS Innovation Fund and our new co-investment vehicles, we will benefit greatly from the network and experience Mark brings.”
Around-the-world cyclist Mark Beaumont leads the fundraising team at home.
For his world-record cycling trips around the globe, Mark Beaumont is best known, but also for his work in broadcasting and as an author. He is a patron of the Saltire Foundation, part of Entrepreneurial Scotland, and is associated with the University of Dundee Centre for Entrepreneurship, where he was formerly vice-chancellor. For his services to sport and charity, he was awarded the British Empire Medal in 2017.
Mr. Beaumont added, “I’ve spent my entire career building beliefs and processes around projects that many people think are impossible, and that’s what it often takes to create businesses that are disruptive and often create new markets. As we start to connect with investors across the UK, Europe, North America and Asia, I can see Eos building a really strong narrative that I can help shape.”