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LONDON — Ariadne Capital, the venture capital firm run by high-profile technology figure Julie Meyer, has gone into bankruptcy administration.
A letter sent to Ariadne Capital’s creditors shows that business rescue company Leonard Curtis took Ariadne Company into administration on December 15. Business Insider has seen a copy of the letter. Leonard Curtis and Meyer did not immediately respond to a request for comment.
The company recently faced claims of unpaid bills in Malta, where it also maintained an office.
Meyer moved to Malta in 2016, and established Ariadne Capital as a Maltese technology investment company. Maltese Prime Minister Joseph Muscat even spoke at an Ariadne Capital event Meyer held in July.
But The Times of Malta reported in November that a Maltese company had filed a legal request over what it said was €59,600 (£52,632) in unpaid services. The newspaper also reported that an events company claimed it was owed money by Meyer, as well as a former employee in Malta.
Since then, The Maltese Independent reported that The Malta Financial Services Authority is looking into Ariadne Capital. And two directors of one the businesses that Meyer acquired in Malta resigned. Meyer told The Maltese Independent that the company had a “virus” and referred to the two men as “ghosts.”
Meyer also told The Times of Malta that “I am on Team Malta … My reputation is not being hurt by this negative press on Ariadne; Malta’s is.” She denied that her company is being investigated by The Malta Financial Services Authority.
Meyer was the public face of the company and regularly spoke at high-profile events, including the Adam Smith Institute’s Ayn Rand Lecture, and was a judge for the online version of the BBC television series “Dragons’ Den.” She was made an MBE in 2011 for services to entrepreneurship.
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