New regional manager for xénos, the Wales Business Angels Network


12/02/07

 

xénos, the Wales Business Angel Network Ltd, has appointed a new Regional Manager for South-East Wales to develop new investment opportunities in the region.

 

David Maas, who comes from a sales and marketing background within small and medium-sized (SMEs) businesses, will work with companies seeking growth funding from private investors, known as business angels.

 

xénos, a wholly owned subsidiary of Finance Wales Plc, is part funded by European Objective 1 and 2 funds. It has facilitated more than £10million private sector investment in over 90 deals in Wales-based SME’s since its formation in 1997, funding all stages of development from early stage through to expansion, acquisition and turnaround.

 

Leanna Davies, xénos Network Manager, said: “Ensuring businesses can access funding for growth is critical to their future success. Xénos works closely with such companies to identify investors who can add value and ensure such a relationship works. David brings a great deal of commercial experience to the team which will be invaluable to the companies we assist.”

 

David Maas said: “I’m very pleased to be joining xénos and working closely with companies throughout South-East Wales who are keen to grow and expand. It’s important for companies to be able to access such investment and I’m looking forward to developing these opportunities.”