Timur Davis has left Samsung Ventures, a corporate venturing subsidiary of consumer electronics maker Samsung, to become principal at Canapi, a financial technology-focused investment arm of banking group Live Oak Bancshares.
The role is a new position that became effective late last month. Davis will oversee work on investment and incubation strategies that further Canapi’s ambitions to innovate in the banking space.
Davis had been with Samsung Ventures as a senior investment manager since 2015, leading eight deals worth a combined $19m in sectors including artificial intelligence, big data, e-commerce and digital health.
Before joining Samsung, Davis had been a consultant with management consulting firm Boston Consulting Group for two years, assisting corporate clients from the banking and biopharmaceutical sectors with strategic restructurings.
Neil Underwood, managing director of Canapi, said: “Timur is an experienced venture capitalist with global experience who will help us strategically cultivate like-minded companies for Canapi to invest in and partner with.”
– Photo courtesy of LinkedIn.