Tim Levene

Tim went to the University of Manchester to study Russian and joined Bain & Company in Moscow, Boston, Sydney and London. Tim embarked on an entrepreneurial path and left Bain in early 1998 and created a new retail concept when he opened his first Juice bar (Fresh n Smooth) in 1999 in Canary Wharf. The business has since evolved into a 31 store business across London called Crussh.

In the summer of 1999, Tim joined 3 former colleagues from Bain & Company and launched Flutter.com. In early 2000, Flutter raised over $24m in venture capital from Index Ventures, Benchmark Capital, amongst others, and became one of the highest profile internet businesses in the UK. Flutter merged with Betfair.com in 2001 and Tim became the Commercial Director of the newly merged business. Today, Betfair manages more than £60 billion in transactions each year, and facilitates more transactions each day than the rest of the European stock exchanges combined. Tim led the internationalisation of the business, and laid the foundations across Asia, Europe and the rest of the world, and moved to Hong Kong in 2004 to launch the business in Asia.

In 2009, Tim returned to London to embark on his next venture. He formed Augmentum Capital with the backing of RIT Capital and Lord Rothschild, and focuses relentlessly on finding entrepreneurs who have businesses that are disruptive technologically and reinvigorate markets that are lacking in fresh innovation.

Over the years, Tim has advised and personally invested in a number of exciting and innovative businesses, including Kabbee, Crussh, Footfall123 amongst others. Tim was made a Young Global Leader by the World Economic Forum in 2012. Tim also advises The Royal Foundation of The Duke and Duchess of Cambridge and Prince Harry on digital strategy and innovation.

Outside of the office, Tim has a young family and is a dedicated Chelsea FC season ticket holder. He remains a keen footballer, skier and golfer, although operating at a more sedate pace than in recent years.

Latest Tweets

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RT @MattRosoff : I mean, this chart of $FB net profit is almost unbelievably perfect: http://t.co/OtDWc1inzL
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A Billionaire Mathematician’s Life of Ferocious Curiosity nyti.ms/1qPvFTZ