Investor Osprey takes stake in GovToday

OSPREY Capital, the venture capital firm, has raken a stake in MediaCity-based public sector media platform GovToday.

GovToday, which incorporates an online portal engaging with the public, private and third sectors as well as a comprehensive programme of events and conferences, is committed to communicating key government initiatives and policies across a range of fields.

The company. which is chaired by Liverpool entrepreneur  David Wade-Smith, employs more than 40 people and recently moved to MediaCity in Salford.

Ronan Kearney, chairman and founder of Osprey Capital said: “Following Osprey Capital’s recent move to Liverpool, I’ve been re-engaging with many former colleagues and business partners.

“The model employed by GovToday is very familiar to me, employing a classic customer-focused sales operation. I think there is strong growth potential in the GovToday proposition, including an expansion into financial services conferences by bringing their fresh point of view to a fairly traditional marketplace, and I look forward to working with the very talented team to develop this.”

David Wade Smith, xhairman, GovToday, added: “We have a dynamic and talented team and an excellent reputation for delivering quality communications, conferences and events in health and social care reform, and Green Economy markets.”

Osprey Capital invests at seed and founder stages, and only invests in companies that are focused on or deployable in the UK retail financial sector.