Broughton bids farewell to Mercia

Nicola Broughton has resigned as university lead and investment director of UK-based fund manager Mercia Asset Management to co-found medical cannabinoid-focused venture fund Óskare Capital as managing director.

Broughton and Mercia parted ways last month, ending a tenure which began in 2015 and also saw her become principal of Mercia Fund I.

Óskare Capital aims to raise €150m ($171m) to invest in the European medical cannabis space, spanning plant cultivation through to product processing and cannabis-focused digital technologies. It will be based in Ireland, Broughton and her co-founder Alexandre Ouimet-Storrs said.

Broughton told GUV’s sister publication, Global Corporate Venturing: “Universities and corporates will play a big role in what we are doing.” read more