DN Capital is an international venture capital firm headquartered in London that invests in technology companies.

Venture Capital

DN Capital

Cyrus is an Associate at DN Capital, focusing primarily on Software investments.

Prior to joining DN Capital, Cyrus worked in pre-sales at Salesforce in London, UK, where he focused primarily on enterprise and strategic accounts. Cyrus’s other investment experiences include investing in early-stage student/alumni founders at The MBA Fund in the U.S. and interning in the Growth Equity team at Partners Group in Switzerland.

Cyrus holds a Master degree in aeronautical engineering from Imperial College London, and an MBA from Harvard Business School.

He also spent a year abroad during university at Sup’Aero in Toulouse, France, studying and working on satellite research.

Cyrus Hessabi

Benoit Jacob is an analyst at [DN Capital](/org/dn-capital). Benoit previously worked as an investment analyst at Dealflow.EU and as a private equity analyst intern at idi Emerging Markets Partners.

Benoit has a keen eye for identifying promising European startups. Benoit was instrumental in Dealflow's matchmaking services, connecting startups with relevant corporates and investors. During their time at idi Emerging Markets Partners, they were responsible for due diligence analyses and investment reporting. Benoit also helped prepare fundraising materials and weekly news reports.

Benoit's experience and skills make him an asset to [DN Capital](/org/dn-capital). Their knowledge of the European startup ecosystem and their ability to connect startups with the right investors are key to [DN Capital](/org/dn-capital)'s success.

Benoit Jacob's educational career consists of a Master's degree in finance from Università Bocconi, an International Student Exchange Program in finance and general studies from [Singapore Management University](/org/singapore-management-university), a Master in Finance from Université Paris Dauphine - PSL, a Bachelor in Applied Economics - Option Economics and Financial Engineering from Université Paris Dauphine - PSL, a Second year of bachelor in Economics equivalence from Université Paris-Sorbonne, and a "Classe préparatoire" in economics and social sciences from Lycée Henri IV.

Benoit Jacob reports to Nenad Marovac, Managing Partner & CEO. Some of their coworkers include Lucas Schaubel - Analyst, Michelle Cuttler - General Counsel, and John Baits - CTO.

Benoit Jacob

Lucas Schaubel is currently an analyst at [DN Capital](/org/dn-capital). Lucas has previously worked as a business development specialist at CarOnSale, a brand representative at Talentspace, and a financial markets and treasury intern at LBBW. Lucas has also been a working student for the investment team at CHECK24 Ventures and a project intern at Veridis Environment.

Lucas Schaubel holds a Bachelor of Science in Business Administration with a focus on Finance from the [Frankfurt School of Finance & Management](/org/frankfurt-school-of-finance-management). Lucas has also studied abroad at [San Diego State University](/org/san-diego-state-university). Lucas is certified by Bloomberg LP in BBG Basics + Cross Asset Overview and by [Y Combinator](/org/y-combinator) in Startup School.

Lucas Schaubel reports to Nenad Marovac, Managing Partner & CEO. They are on a team with Ian Marsh - Principal, John Horton - Director, Finance, and Thomas Rubens - Partner.

Lucas Schaubel

Teemu is an Investment Manager at [DN Capital](/org/dn-capital) in London responsible for the Nordics market and focused on B2B SaaS, eCommerce and logistics domains.

Prior to joining [DN Capital](/org/dn-capital), Teemu worked in the TMT team of [Goldman Sachs](/org/goldman-sachs)’ Investment Banking division in London. During his three years at [Goldman Sachs](/org/goldman-sachs), he worked on various transactions in the European Internet and Technology sectors and covered multiple early-stage, high-growth clients.

Teemu has MSc. in Finance at Aalto University School of Business, and has spent two semesters abroad studying entrepreneurial finance at USC Marshall School of Business and entrepreneurship at [Auckland University of Technology](/org/auckland-university-of-technology).

Teemu Mattila

Massimo has been involved with [DN Capital](/org/dn-capital) since 2001 as Chairman of the investment Committee, advising the team over capital allocation and organisation. Massimo Prelz Oltramonti career in venture capital started in 1981 with Olivetti where he was involved in the tech investment program, out of Italy and then New York. After a period in operations with Olivetti in data services he joined Alta Berkeley Associates in 1988 before moving to private equity as partner and then Managing Director of [Advent International](/org/advent-international). Between 2004 and 2014 he was affiliated with GMT Communication Partners. He is now director and advisor for a number of companies, including Engie EPS S.A., TechWald SpA and Zzoomm Group ltd.

Massimo has served as Chairman of Jazztel plc through his restructuring and as Vice-Chairman of Primacom AG. He has also been a member of the board of SBS S.A.(Nasdaq), Esat telecom plc (Nasdaq), Esaote SpA (Milan Stock Exchange) and CityFibre Infrastructure Holding plc (AIM).

Massimo Prelz

Frank Kelcz is an International Media Executive, Investor, Adviser and Coach. Frank started his career as a successful publisher of trade magazines throughout Europe. He was also a Marketing and Sales Director at MIDEM Market in New York and Cannes and President of ESI Street, one of the earliest online services for the Entertainment industry. Frank worked at Bertelsmann-G&J in Hamburg as the assistant to the Chairman and Deputy Director of the International Division and Head of Special Projects in New York. A hands-on entrepreneurial publisher, he spearheaded the Ziff-Davis launch into Europe. In addition to his position as Venture Partner at [DN Capital](/org/dn-capital), Frank is currently a Partner at [Collider](/org/collider), London’s Media & AdTech Accelerator. Other significant roles include: Advisor to UKTI’s Venture Capital Unit; Head of Media-Technology Investments at SEB Venture Capital; CEO of the Media Technology Advisory Boutique, MCC International and Pitango Venture Capital.

Frank Kelcz

Norman assists [DN Capital](/org/dn-capital) with technical evaluations of potential portfolio companies and assists [DN Capital](/org/dn-capital)’s companies with operations and technology. Norman has been building consumer internet products and infrastructures since 2000.

Prior to joining [DN Capital](/org/dn-capital), Norman worked as Vice President of Engineering for [Ebates](/org/ebates). [Ebates](/org/ebates) is high growth e-commerce company based in San Francisco and part of the [Rakuten](/org/rakuten) family of companies. Norman was responsible for web scraping technology, shopping cart, card linked offers and cross border commerce. Norman also worked in similar roles for Yahoo and Google as Senior Director of Engineering and Engineering Manager respectively. Between 2012 and 2014, Norman was the CTO of [DN Capital](/org/dn-capital) portfolio company Invino.

He holds a PhD in physics from [Carnegie Mellon University](/org/carnegie-mellon-university), PA and B.Sc in Physics from [Fudan University](/org/fudan-university), China.

Norman Shi

Henry Siegel has extensive entrepreneurial experience.  He has been involved in early stage companies including Activision and October Films and multiple start-ups from investing in, running, growing and eventually selling a direct marketing agency (marke.com), to starting, growing and scaling an Internet financial services business (Validea.com), to his current position at Trivergance which is the largest and most successful independent sponsor in the United States, having deployed over $1.5 billion of third party capital.  At Trivergance, Henry is responsible for identifying, evaluating, buying and growing established businesses and early stage business.  Over the last 9 years, Trivergance has completed investments with enterprise values in excess of $3 billion  and has converted $15 million of equity into exit values over $425 million.  Henry is overseeing business development for [Clarus Commerce](/org/clarus-commerce), a loyalty technology company Trivergance recently acquired, and Ubicquia, an Industrial Internet of Things company and Trivergance portfolio company, which recently completed its Series A Round.  Outside of Trivergance, Henry is an investor in numerous start-ups including IRX Pharmaceuticals, [Triller](/org/triller), and [Crowdability](/org/crowdability).

Henry Siegel

Nenad Marovac has more than 25 years of venture capital and private equity investment experience in the technology and media sectors.

Nenad is the Founder and Managing Partner of [DN Capital](/org/dn-capital). Prior to [DN Capital](/org/dn-capital), Nenad was a Partner at [Advent International](/org/advent-international) in London, where he focused on TMT investments.

Nenad focuses on investments in marketplaces, software as a service (SAAS), fintech, consumer mobile applications and digital health companies. Amongst his select investments are Shazam Entertainment (sold to Apple), Auto1 (largest online marketplace for used cars), Apsmart (acquired by [Thomson Reuters](/org/thomson-reuters)), Datanomic (acquired by Oracle), Endeca, (acquired by Oracle), [Eve Sleep](/org/eve-sleep) (IPO London), Happn, Hometogo, [Hostmaker](/org/hostmaker), [Joblift](/org/joblift), [Mister Spex](/org/mister-spex), Performance Horizon Group, [Purplebricks](/org/purplebricks-group-plc) (IPO London), Tbricks (acquired by Orc) and Quandoo (acquired by Recruit Holding). Nenad is also the Chairman of the Venture Capital Board of Invest Europe and an active member of YPO in London and Berlin.

Nenad received an M.B.A. from [Harvard Business School](/org/harvard-business-school).

Nenad Marovac

Steven Schlenker

Raoul is an Analyst at DN Capital focusing on Marketplace & Consumer Internet Investments mainly across Europe and the US.

Prior to joining DN, Raoul worked at No Such Ventures, a venture capital firm based in Amsterdam, focusing on deal sourcing, execution, portfolio management and internal operations. Prior to that, Raoul worked at Ardian, a private equity firm based in Paris, focusing on growth equity investments enterprise software companies in Southern Europe and Eutelsat, a large satellite operator. He studied Banking & International Finance at Cass Business School in London. During his studies, he was involved in various entrepreneurial activities and worked as a freelance consultant.

Raoul Oscar Fiano

Alessia Crosato

Michelle is the General Counsel of [DN Capital](/org/dn-capital) and joined the firm in 2017.

She was previously a corporate partner in the London office of [Paul Hastings](/org/paul-hastings-llp), and prior to that was a corporate partner at [Kirkland & Ellis](/org/kirkland-ellis-llp) in London -in both cases advising U.S and European private equity clients on cross-border transactions. She has also acted as Legal Director of a complex international NGO.

She is admitted in New York.

Michelle Cuttler

20 years+ in consumer goods and marketing service businesses
Director of PHG (DN Portfolio Company)

Tom Buehlmann

Christina is a DN Alumni who worked with DN as an Investment Manager. In recent years, she has since founded two companies - Scalized (advisory firm for companies looking to launch in China) and Turing Talent (providing job opportunities and mentorship to high potential engineers and data scientists).

Christina Chen

Lee Linden

Lorena is an experienced entrepreneur and software executive currently leading sales and marketing at Soma Analytics, a digital mental health startup based in London. Previously, Lorena worked across Europe, US and Latin America in the SaaS and B2B cloud computing industry, scaling high-growth sales and marketing divisions internationally. Lorena is also passionate about education and philanthropy, and has set up Bizworld UK - an organisation that provides educational business programmes to school children across the UK.

Lorena Ostergaard

Jonathan is the former CEO of Datanomic (DN Portfolio Company)

Jonathan Pell

Cedric Sellin

Over 31 years in senior technology roles in IT and Telecommunications

John Baits

John is the Finance Director of [DN Capital](/org/dn-capital) having joined the firm in 2013.

He is a chartered accountant having qualified at PricewaterhouseCoopers. He was previously Head of Finance at Lion Capital and prior to that CFO of Vision Capital, Elderstreet Investments and a venture capital backed software company prior to its successful sale.

John Horton

Thomas joined [DN Capital](/org/dn-capital) in 2012 as an Analyst. His sector of focus include marketplaces, ecommerce and software. Prior to joining [DN Capital](/org/dn-capital), Thomas worked in the Investment Banking division of Barclays Capital where he advised CAC 40 and CAC Next 20 companies on M&A transactions and bond issuances. Thomas graduated from [University of Bristol](/org/university-of-bristol) with a Bachelor of Science in Economics.

Thomas Rubens

Ian joined [DN Capital](/org/dn-capital) in 2017. He focuses on the UK market as well as eCommerce, fin-tech and software. Prior to joining [DN Capital](/org/dn-capital), Ian was UK CEO of Hellofresh and led the UK operations of [Rocket Internet](/org/rocket-internet-se). Previously Ian worked in the deal team at Bain Capital Europe after starting his career in strategy consulting, working both at McKinsey in Madrid and Bain & Co in London. Ian holds a 1st Class degree in History & Economics from Balliol College, Oxford and Msc in Management from [HEC Paris](/org/hec-paris).

Ian Marsh

Guy joined [DN Capital](/org/dn-capital) in 2015 as an Associate, having gained entrepreneurial experience in a [Rocket Internet](/org/rocket-internet-se) venture. He began his career in strategy consulting spending 4 years at OC&C advising PE Funds and large European TMT, retail and FMCG clients. Guy graduated from Cambridge with a first in Social and Political Sciences and subsequently spent a year studying Economics and Management at the Judge Business School. His sectors of focus include marketplaces, ecommerce and software.

Guy Ward Thomas

Steve co-founded [DN Capital](/org/dn-capital) in June 2000 and is currently Managing Partner based in the Sand Hill Road office, running [DN Capital](/org/dn-capital)’s US operations. Steve Schlenker began his career in venture capital and private equity in 1990. His investment experience has been in software and software related businesses. His sectors of focus include enterprise software, and to a lesser extent business on-line marketplaces and consumer mobile services. Amongst his select investments are Apsalar, Auto1, Datanomic (acquired by Oracle), Endeca (acquired by Oracle), Familybuilder (acquired by Intelius), [Geckoboard](/org/geckoboard), Lagan/Kana (acquired by [Verint](/org/verint)), [Ombud](/org/ombud), Peak, Shiphawk, [RecargaPay](/org/recargapay), [Remitly](/org/remitly), [Parallel Wireless](/org/parallel-wireless-inc) and RobinSystems.

Steve was previously at SUN Capital Partners, based in their London office, where he served as chief investment officer for technology investments. At SUN Capital Partners, he spent five years investing in US and European technology companies as well as assisting raise and manage a growth equity emerging markets fund and making private investments in growth companies. His investments there include eMode (acquired by Monster.com), Endeca (acquired by Oracle), SUN Brewing (listed on Luxembourg, then acquired by Interbrew). Prior to SUN Capital Partners, Steve was one of the first analysts for the buyout firm Interlaken Capital in Greenwich, CT, where he was involved with sourcing companies and applying technology to augment profitability and investment returns in legacy industries such as food processing, industrial distribution and facilities management.

Steve Schlenker

Thilo Hardt is Co-Founder of [Mister Spex](/org/mister-spex), where he was VP Product for the last five years. [Mister Spex](/org/mister-spex) is the leading online retailer for glasses, sunglasses and contact lenses in Europe and generated 26m EUR in revenues 2012 and grows 50% YoY. He joined [DN Capital](/org/dn-capital) as an EIR.

Thilo Hardt

Renier Lemmens is a Venture Partner with [DN Capital](/org/dn-capital) focusing on Fintech. He currently also serves as Chairman of [TransferGo](/org/transfergo), [Divido](/org/divido), Mojo Mortgages, and [Hostmaker](/org/hostmaker). He is a non executive director at Arion Bank and Senior Advisor and Visiting Professor of Fintech and innovation at the London Institute of banking and finance. He recently served as board member of [Revolut](/org/revolut). In the past, Renier served as CEO of PayPal EMEA and member of its global executive team. He was COO of Barclays International Retail and Commercial Banking. Renier was an officer of GE Capital where he served as Chairman and CEO of Budapest Bank, and SVP Business Development for the Americas. Renier was a partner with [McKinsey & Company](/org/mckinsey-company) in London, New Delhi, and San Francisco. He is a frequent speaker at Fintech Conferences.

He holds an MsC with distinction in Computer Science and an MBA with Distinction from [INSEAD](/org/insead), France.

Renier Lemmens

Co-founder of Tapjoy
Product Manager at Google
Software Engineer at Xbox Live

Ben Lewis

CEO of ServiceMagic Europe, an IAC company with 10 years of executive management of local advertising company digital transformations, including IPO and sale of Dex Media.

Simon Greenman

A hobby programmer Peter Misek began his career in the mid 90s with Deloitte and Touche earning his Chartered Accountants and Certified Public Accountants designation.

In 1998 he began an over 15 year career in the investment banking industry leading a Technology and Internet banking team and then becoming a top ranked Global Technology Analyst co-leading or leading teams around the world. At the same time he was the founding advisor of [DN Capital](/org/dn-capital) a global leading venture firm headquartered in London.

Peter Misek

Senior Vice President Audience at MySpace
International Director at Silverpop Systems
Marketing Director at RadicalMail
Senior Account Manager at [Ogilvy](/org/oglivy)

Jay Stevens

Co-Founder of OLX (DN Porfolio Company)
Founder and CEO of Zingy
Founder and CEO of Aucland

DN Capital

Org chart

Teams

Board of Directors

Leadership Team

CEO and Executive Team

Discover similar companies