Telefónica has tapped its 2015 investment CARTO for the new head for its entrepreneurship division.
Miguel Arias (pictured), formerly Operations Manager at the Spanish data start-up, has been appointed Global Director of the operator’s Open Future business.
Reporting to Chief Innovation Officer Gonzalo Martín Villa, Arias will be responsible for finding technological solutions from outside the company to complement internal R&D.
He will also work to build links between the company and entrepreneurship ecosystems.
Telefónica founded Open Future in 2014 to support entrepreneurial talent and grow new businesses.
Alongside partners, it has invested €455 million in over 750 start-ups and helped to accelerate over 1,700.
The appointment follows Telefónica's reorganisation earlier this year, which saw entrepreneurship activities including Open Future and start-up accelerator Wayra brought under the domain of the Innovation division, headed by Martín Villa since 2015.
Martín Villa cited Arias’ “in-depth knowledge from all perspectives as an entrepreneur and investor” as well as his track record at CARTO as reasons for the hire.
His former employer, which previously received investment from Telefónica-led venture capital vehicle Amerigo, provides tools to over 1,100 businesses to analyse and make use of geolocation data for services such as fraud detection and targeted advertising.
Arias has managed the international expansion of CARTO since 2013 and lectures and blogs on entrepreneurship in a private capacity.
He previously collaborated with Telefónica in his role at CARTO and has also offered mentorship to new companies through Wayra.