# Damien Hughes

> Damien Hughes is a debt financing investor at OakNorth backing Construction and Residential. See 2 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [OakNorth](https://shizune.co/investors/profile/oaknorth)
- Location: London, United Kingdom
- Total investments: 2
- Last investment: Mar 2023
- Lead investor: 100%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/damien-hughes-a7b9bab/?originalSubdomain=uk

Damien Hughes is a debt financing investor at OakNorth in London focused on Construction and Residential. Damien Hughes is the Senior Director at OakNorth. Damien Hughes attended RMIT University.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Construction | 2 | 100% |
| Residential | 1 | 50% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| honey | Honey will create homes where smarter designers create more interesting spaces. | $5.7M | Debt Financing | Mar 06, 2023 |  |
| Ocea Group | Ocea specialise in commercial to residential property conversion, primarily office buildings into apartments under permitted development. | $14.9M | Debt Financing | Jul 25, 2019 |  |

2 of 2 investments shown.

## About OakNorth

VC Fund · London, United Kingdom

OakNorth had a fundamental purpose: to serve and empower established small-to-medium sized businesses (SMEs) that were seeking to scale but were routinely underserved or overlooked by traditional banks: what it calls the ‘Missing Middle’.Its founders, Rishi Khosla and Joel Perlman, had experienced this first-hand while scaling their previouscompany - Copal. In 2015, three years after launching that business, they applied for a bank loan and the ‘computer said ‘no’’, despite their business being profitable. The products, services, and experience needed to make their lives as a scaling business easier, and enable them to reach their full potential, were ‘missing’ from banks’ offerings.As entrepreneurs, their response was to build what was missing: a neobank for entrepreneurs, by entrepreneurs.To date, its bespoke debt finance solutions have supported property developers, care homes, specialist schools and nurseries, hotels, bars and restaurants, pub operators, as well as fund and specialist finance providers. With a range of specialist secured and unsecured business loans, OakNorth caters to the growth plans of businesses, without asking them to give up equity.Despite experiencing not one, but two unprecedented events – Brexit and COVID-19 – since its launch, the bank has continued supporting growth businesses across the UK. It’s lent over £10 billion to date, directly helping with the creation of almost tens of thousands of new jobs and new homes (the significant majority of which are affordable and social housing).Its data-led approach allows it to look at the future, rather than just fixating on the past, meaning it avoids making decisions based on outdated financials. Using data and analytics, it builds up a granular view of every business in its portfolio, combining this with forward-looking scenario analysis, to enable it to be a trusted funding partner as the business scales, and continue confidently lending through economic cycles and unprecedented events.By behaving as reliable, long-term partners to its customers throughout the pandemic, rather than just bankers, it has been able to make them its best advocates. As a result, c.80% of its new lending comes via referrals, and 40% of its borrowers are repeat customers.

5 contacts available at OakNorth.

| Name | Title | Profile |
| --- | --- | --- |
| Tiffany Teng | VP, Head Of Sales Operations | https://shizune.co/investors/profile/tiffany-teng |
| Adam Agius | Director, Debt Finance | https://shizune.co/investors/profile/adam-agius |
| Amit Shah | Managing Director | https://shizune.co/investors/profile/amit-shah-9 |
| Damien Hughes | Senior Director, Debt Finance (OakNorth Bank) | https://shizune.co/investors/profile/damien-hughes |
| Jessica Reiter | Chief Marketing Officer | https://shizune.co/investors/profile/jessica-reiter |

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## FAQ

### What does Damien Hughes invest in?

Damien Hughes invests primarily in Construction and Residential startups, most often at Debt Financing stage. Most of the 2 investments tracked by Shizune back companies in United Kingdom. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Damien Hughes last invest?

The most recent investment recorded for Damien Hughes closed in Mar 2023. Shizune tracks 2 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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