One of London’s most prominent venture capital investors will this week change its name following the death and resignation of its two co-founders.

Sky News understands that Hambro Perks, which counts a stake in What3Words, the location-mapping service, among its holdings, is to rebrand as Salica Investments.

An announcement about the change of name will be made on Monday, according to an insider.

The new name combines salix, the Latin word for willow, and karpos, the Greek word for fruit, and is designed to communicate the firm’s reliability as well as its organic growth potential.

Hambro Perks was founded by Rupert Hambro, an investment veteran who died in 2021, and Dominic Perks, who left the firm last year.

It was established with a focus on backing promising British startups, although it has diversified since then into a broader set of private market funds investing in equity and debt across industry sectors and geographies.

Now run by Andrew Wyke, a source close to Salica said its funds were performing well, and that it recently held a final close on its first UK venture debt fund.

Melrose founders to list Rosebank in hunt for new industrial deals

Post Office campaigner Alan Bates given knighthood – but insists there’s still ‘work to do’

What time you should actually arrive at cinema to avoid adverts

It plans to launch a range of further investment funds later this year.

Since leaving Hambro Perks, Mr Perks has incorporated Lexham Partners, another London-based firm.

Public filings show that he has joined forces with Sanjiv Somani, the former chief executive of JP Morgan’s digital bank, Chase UK.

Mr Perks is understood to remain among the largest shareholders of the renamed Salica Investments alongside the Hambro family and Phoenix Group, the FTSE-100 insurance and pensions provider.

Related posts:

Haribo sweet deliveries to shops gummed up by lorry driver shortage British esports franchise EXCEL gets backing from City heavyweights Canadian telecoms giant TELUS takes stake in iSmash repairs chain Ukraine War: Ex-LSE chief Rolet to quit Russian fertiliser producer Germans urged to use less energy after Russia cuts gas supply and prices surge Newspaper veteran Montgomery takes stake in social-first news start-up TNM RMT rejects offer from train operators aimed at preventing further strikes Currys boss ‘wary’ of economic optimism as overall profits fall ‘Not for me’ to set savings rates, banking regulator says Construction industry makes surprise return to growth UK backs temporary pause on controversial deep sea mining ‘Dead duck’ Post Office should be sold to Amazon for £1, says campaigner Alan Bates