Richard Porteous, VP of Capital Markets
Professional Overview
Richard Porteous is an accomplished financial professional with over 13 years of experience in the capital markets industry. As the Vice President of Capital Markets at Backflip, he oversees a team responsible for managing the firm's investment portfolio, identifying strategic financing opportunities, and driving sustainable growth initiatives.
Experience Summary
Current Role
As the VP of Capital Markets at Backflip, Richard is responsible for leading the firm's capital markets strategy and execution. In this role, he has been instrumental in securing $25 million in new funding, enabling Backflip to expand its product offerings and enter new markets. Richard's deep understanding of financial markets, combined with his ability to navigate complex transactions, has made him a valuable asset to the Backflip leadership team.
Career Progression
Prior to joining Backflip, Richard co-founded Carestry, a venture-backed startup focused on developing innovative healthcare technologies. As the Co-Founder, he played a pivotal role in securing $8 million in Series A funding, as well as establishing strategic partnerships with leading healthcare providers. Before his entrepreneurial endeavors, Richard held various leadership positions at prominent financial institutions, including Director roles at Citi and Bank of America Merrill Lynch, as well as a Vice President role at Merrill Lynch.
Academic Background
Richard holds a Bachelor of Science in Finance from the University of Pennsylvania's Wharton School, where he graduated with high honors. During his time at Wharton, he was recognized for his academic excellence, receiving the Dean's List distinction for four consecutive years.
Areas of Expertise
- Capital markets strategy and execution
- Investment portfolio management
- Mergers and acquisitions
- Venture capital and private equity transactions
- Financial modeling and analysis
- Cross-functional team leadership and collaboration
Professional Impact
Throughout his career, Richard has demonstrated a strong track record of driving strategic initiatives and delivering tangible results. He played a pivotal role in the successful acquisition of a $200 million fintech startup during his time at Citi, and his leadership at Carestry contributed to the company's rapid growth and subsequent acquisition.
Conclusion
With his extensive experience, deep industry knowledge, and proven ability to navigate complex financial landscapes, Richard Porteous is well-positioned to continue driving Backflip's capital markets strategy and contributing to the firm's long-term success. His commitment to innovation, financial acumen, and collaborative leadership style make him a valuable asset to the Backflip team.
