Dan Cobley, the UK Managing Director and European Marketing Vice President of Google, is leaving the company after 8 years to head up a new financial technology incubator in London.
Cobley will become CEO of investment start-up Brightbridge Capital, where he hopes to create a string of smaller companies that offer an alternative to bank funding, focusing on smart use of internet technology to deliver their services.
Despite his prestigious roles at Google, Cobley has put the move down to a craving for entrepreneurial independence. “The decision to leave Google is a really tough one, and I will miss the place hugely. But I have always wanted to run my own thing, and having secured the support of such amazing backers there will never be a better time to make the leap.”
The fintech incubator is a joint initiative between Cobley, venture capitalists Blenheim Chalcot and QED Investors. QED’s Managing Partner, Capital One founder Nigel Morris, will also act as Chairman of Brightbridge. The company will be based at Blenheim Chalcot’s Hammersmith HQ, joining a string of technology-driven financial start-ups that the VC has invested in, including Grove Capital Management, Oakbrook Finance, Liberis and TDX Group.