Patrick Murphy, who headed Universal Music's corporate venturing activities for three years, will head Web Summit's newly formed fund, which is targeting a $50m close.
Patrick Murphy, former head of Universal Music’s corporate venture capital fund, has resurfaced at Amaranthine, a $50m fund being set up by Ireland-based conference organiser Web Summit.
Founded in 2010, Web Summit promotes technology conferences across the world, linking entrepreneurs and startups with prospective investors. Its most recent event is being held in Lisbon, Portugal this week.
Amaranthine filed in May this year to raise $50m, and the fund will utilise data collected at events concerning which entrepreneurs receive the…
