Relay Investments
Relay Investments is building a portfolio of investments in companies sourced through search funds, without any geographical limitations. Relay has offices in Boston, MA and Montreal, Que, and was founded by Martin Steber and Sandro Mina.
Martin S. Steber
Co-founding Managing Director of Relay Investments and is based in the Montreal office. In early 1993, Martin, along with Gunnar Bjorklund, Sandro Mina and Nick Babchuk, co-founded Sverica International. During his early tenure, Mr. Steber was CEO of two pre-fund investments in Birmingham, Alabama, Automatic Detection Systems Inc, an electronic security company, and AccuDocs LLC, a billing services company. Both of these entities were eventually sold to larger industry leaders. Later, Mr. Steber was actively involved in raising Sverica’s first and second private equity funds. Mr. Steber retired from Sverica in late 2007 to relocate to Europe before returning to Montreal in 2011. He serves on the board of OASIS and D&S Investment, LLC as well as several other privately held companies, including companies acquired by Search Funds, such as UCITonline and Microdea. Mr. Steber completed his BSc in Computer Engineering from Imperial College at the University of London and his MBA degree at the Graduate School of Business at Stanford University.
Sandro Mina
Co-founding Managing Director of Relay Investments and is based in the Boston office. Sandro learned about search funds in Prof Grousbeck’s class at Stanford in 1990. In early 1993, Sandro, along with Gunnar Bjorklund, Martin Steber and Nick Babchuck, co-founded Sverica International, where Sandro spent 20 years as a co-founding Partner. He currently serves on the Board of Oasis, an Ireland based document storage company, as well as a local non-profit, the Swedish School of Boston. During Sverica’s early days, Sandro served as President and CEO of Cameraworld.com, one of Sverica’s pre-fund portfolio companies that he sourced, managed and eventually sold. In earlier careers, Mr. Mina worked in the public and private sectors in a number of industries, including technology (United Nations Computing Centre and Storage Technology), banking (Citibank, Goldman Sachs & Co. and VISA) and telecommunications (consultant for a large European company). Mr. Mina earned his BSc degree in Computer Engineering from Imperial College at the University of London and his MBA degree at the Graduate School of Business at Stanford University.
