Ariadne Capital Goes Into Bankruptcy Administration

21st December 2017

A letter sent to Ariadne Capital's creditors on December 18 shows that business rescue company Leonard Curtis took Ariadne Company into administration on December 15.

Ariadne Capital, the Malta-based venture capital firm run by high-profile technology figure Julie Meyer, has gone into bankruptcy administration.

A letter sent to Ariadne Capital's creditors on December 18 shows that business rescue company Leonard Curtis took Ariadne Company into administration on December 15.

Ms Meyer moved to Malta in 2016, and established Ariadne Capital as a Maltese technology investment company. However, the company recently faced claims of unpaid bills, with the Times of Malta reporting in November that more than one company, as well as a former employee, claimed that Ariadne owed them money.

The same month, the Malta Independent reported that the Malta Financial Services Authority (MFSA) was looking into Ariadne Capital after two of the directors of one of the businesses that Ms Meyer acquired in Malta resigned.

Ms Meyer was the public face of the company and regularly organised high-profile events, including the Follow the Entrepreneur Investor Summit in July, which featured Prime Minister Joseph Muscat as a guest speaker. “Malta works. The economy is screaming. Talent is reasonable; I haven’t had a problem finding great talent at all,” she wrote in an op-ed July.

Ms Meyer 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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Ariadne Capital Goes Into Bankruptcy Administration