Pi Capital and VCR, a UK business angel network, are due to merge pending regulatory approval and have appointed a new COO, Andrea Bonafe, in anticipation of this change. Bonafe will report to CEO David Giampaolo and she will manage the strategic and financial aspects of the enlarged group.
Pi Capital will continue advising its membership on transactions and investor syndications, and conduct the due diligence process itself. VCR will continue to operate as a pre-eminent source of screened investment opportunities for angel investors in the UK.
Bonafe will be responsible for all post-merger operations integration where she will seek to extract economies of scale and foster a sharing of complementary expertise and knowledge that will be of real benefit to all club members. Bonafe will ensure that the companies will work together in seeking to identify the most compelling investment opportunities in the UK’s rapidly growing market for venture capital.
Bonafe joins from Nexagent (formerly called InterProvider), the global networking platform, where she was most recently acting CFO. Prior to joining Nexagent, Bonafe was interim CEO and consultant for a number of start-up businesses.