Fidelity Ventures Expands London Office With the Appointment of Associate
November 10, 2005
Fidelity Ventures Expands London Office With the Appointment of Associate
BOSTON, November 7, 2005 – Fidelity Ventures, an early-stage venture capital firm investing private equity in the information technology and communications sectors, today announced that Davor Hebel has joined the firm’s London office as an associate. Fidelity Ventures now has a team of 15 professionals in the United States and London, and currently manages more than $650 million in venture capital.
In this new position, Hebel will work closely with Fidelity Ventures’ partners in the United States and London to identify new investment opportunities. He also will support the firm’s portfolio companies with their “go-to-market” strategies by leveraging the Fidelity Ventures’ resources and global IT relationships to add value at this stage of company development.
Hebel’s appointment follows several key developments in Fidelity Ventures over the past year, including: the appointment of former Fidelity Investments CIO Don Haile as venture partner; new investments including BlueNote Networks, Black Duck Software and SpikeSource; and the closing of Fidelity Ventures IV, L.P., a $250 million venture fund in November 2004.
“We are pleased to welcome Davor to our team,” said Simon Clark, Fidelity Ventures’ London-based partner. “His experience in counseling international information technology companies strengthens our ability to identify and support companies that have the potential to become category leaders.”
Fidelity Ventures has been investing in early-stage IT and communications companies in Europe for more than 10 years. Recent investments in European companies include Ireland-based Qumas, a leading developer of enterprise risk and compliance management solutions, and Switzerland-based BridgeCo., a leading supplier of rich media networking solutions.
“Fidelity Ventures is different from many other venture firms in Great Britain or Europe, in that we invest as one organization from a single fund,” said Clark. “Our
structure allows our European portfolio companies to benefit from both the support of our U.S. partners and our global IT connections.”
Prior to joining Fidelity Ventures, Hebel was co-founder and supervisory board member for Croatia-based Experia, where he raised 2.5 million Euros of private equity. From 2000 to 2003, Hebel worked at McKinsey and Company, where he advised companies in the United States and Europe on issues in strategy and technology. He
received a Bachelor of Science degree from Angelo State University, a Masters in Science in Information Systems Management from Carnegie Mellon University and a
MBA from Harvard Business School.
About Fidelity Ventures
For over 35 years Fidelity Ventures has played a vital role in the development of more than 100 information technology and communications companies including GeoTel Communications, Teleport, COLT Telecom, ONI Systems, WaveSmith, Connected and Airespace. Fidelity Ventures is able to leverage a unique combination of resources, including a global network of CIOs and IT executives, to help portfolio companies accelerate their market entrance at one of the most critical times in a company’s life cycle: the Go-to-Market stage. Fidelity Ventures currently manages more than $650 million in venture capital, and invests in U.S.-based companies out of its Boston office, and in European companies out of its London office. For more information, visit www.fidelityventures.com.
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