Red Herring picks up on Quester’s new office opening in the US. Quester is one of the few early stage investors in the UK. They make seed and series A investments, managing university challenge funds (targeting university spin-outs) as part of their funds under management.
The fact that Quester are opening shop in San Francisco reflects the level of maturity of the VC market in the UK. Obviously, the big private equity houses like 3i have a US presence, however Quester are relatively small to be operating as a transatlantic fund.
And this flow is bi-directional.
I was interviewed by Library House last week regarding the state of the early stage venture climate in London (vs Cambridge or Oxford). My number one comment was the level of US VCs I’ve been seeing in London- all looking to co-invest, set up shop or float their portfolio companies on AIM.