Santander InnoVentures names new investment manager

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Santander has appointed Tee Pruitt investment manager of Santander’s InnoVentures Fund, which invests in FinTech companies worldwide.

Pruitt joins Santander from C5 Capital, where he was a principal on the cyber security focussed fund, and Octopus Ventures, where he was an associate on the generalist tech fund.

He has also led and supported early and growth stage venture investments into security, fintech, mobile, and eCommerce start-ups. Previously, Tee founded his own company and worked for Citigroup as a consultant to entrepreneurs and SMEs.

InnoVentures was set up in July 2014 to provide up to $100 million to FinTech companies across the globe.

“Tee brings a wealth of expertise to Santander and joins us at this pivotal time as InnoVentures is rapidly establishing a growing number of very attractive hot prospects in the fintech sector,” said Mariano Belinky managing director of InnoVentures. “Some of the entrepreneurial ideas we’ve seen are really very exciting and we’re currently assessing these with a view to a first round of investments in the near future.”

Two thirds of FinTech financing in Europe currently comes from the UK.

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