Venture Capital Principal

**Company Description**
About IAG Tech

IAG Tech is a community of IT and digital professionals from across the International Airlines Group (IAG). We drive the technology behind some of the biggest and most successful brands in global aviation, including British Airways, Aer Lingus, and Iberia.

Brought together in 2019, we are a unique community with a shared vision to deliver Technology Excellence and be recognised as industry leaders in the use of technology.

Our mission is to delight customers, enable employees, accelerate business performance, protect our business, and increase shareholder value, through the innovative and agile use of technology and data.

We use product-centric delivery teams using agile methods to implement new capabilities at pace and maximise business outcomes. With a relentless focus on improving system performance and stability, we continually strive to find new and better ways to innovate and support the Group.

Our Values

At IAG Tech we share common values to help us create the right culture to underpin our thriving community:
**Innovation** | we value identifying new ways of using technology to solve business challenges.

**Empowerment** | we value giving people the freedom to operate, that they take accountability, and collaborate with colleagues.

**Professionalism** | we value having and developing the right knowledge and competency to be able to do our jobs to the best of our ability

**Transparency** | we value honesty and integrity and always share the reality in a manner the business understands.

**Agility** | we value responsiveness, speed and flexibility in everything we do.

We celebrate when we see great examples of our values in action and challenge each other when we see these values being ignored.

Purpose of the role
- Identify, source, and manage equity investments for IAG’s seed to expansion stage investment programme.
- Lead individual venture capital deals through the stages of sourcing, creating investment proposals, carrying out due diligence to managing individual portfolio companies.
- Develop investment strategies, in partnership with the Head of Ventures, business units and IAG executives, that help bring IAG closer to disruptive and influential start-ups, while building a robust portfolio of diverse investments in the field of airline transformation and ecological sustainability.

Accountabilities
- Understand IAG's business as well as industry, competitive, disintermediation and sustainability trends, and the resulting opportunities for the CVC investment programme.
- Work in close collaboration with Head of Hangar 51 Ventures to develop investment strategies, target identification, source deals and build pipeline, develop investment thesis, present investments to Hangar 51 Ventures Investment Committee, and manage the portfolio of investments.
- Represent Hangar 51 Ventures in the venture capital and entrepreneurial community.
- Build credibility within the international VC, CVC and start-up network to identify new opportunities and build network of trusted, top tier co-investors.
- Identify and connect all relevant internal stakeholders to garner broad deal support.
- Support, engage, and mentor portfolio companies founders to maximise each venture success
- Regularly provide updates to board, executives, and key stakeholders on the overall health of the portfolio.
- Manage the deals database to accurately track all companies through their lifecycle.
- This role may require travel and working from multiple sites/locations. Willing and able to travel to participate in meetings, workshops, and other related activities

Key Relationships / Interfaces
- Senior management across IAG
- IAG Finance, Strategy, Transformation / Sustainability teams
- Delivery teams in IAG operating companies
- External technology suppliers
- Industry Groups
- Government bodies

**Qualifications** Required Skills, Qualifications & Experience**
- 5+ years of previous venture capital, corporate development, corporate strategy, finance, or corporate finance experience.
- Experience of creating or reviewing business plans and strategy at an organisation/ company level.
- Experience of business process (including technology and financial management etc.).
- Experience in research and due diligence preparation - strong research and analytical skills, particularly in venture capital investing or corporate M&A.
- Experience in a Private Equity, Venture Capital, Corporate VC or M&A would be a benefit.
- Understanding of all aspects relating to equity investment in either early stage or later stage investing is required as is demonstrable expertise in and knowledge of key emerging technology sectors and an understanding of the technology transfer and IP commercialisation process.
- Strong stakeholder management and influencing skills.
- Strong awareness of key drivers in the external market and ability to think widely about how to source information.
- Strong personal ownership