DN Capital explained

DN Capital
Type:	Private
Founders:	Nenad Marovac^[1] and Steve Schlenker
Industry:	Venture capital
Products:	Venture capital, growth capital
Assets:	$600 million
Homepage:	www.dncapital.com

DN Capital is an international venture capital firm headquartered in London that invests in technology companies.^{[2] [3] [4] [5]} It was founded in 2000 by Nenad Marovac and Steve Schlenker, two Harvard Business School classmates.^{[6] [7] [8]}

Investments and exits

DN Capital has raised approximately $600 million. Among other roles, the firm looks to help US companies enter the European market.^[9]

The firm's notable exits include:

• Shazam (acquired by Apple for approximately $400 million)
• Datanomic (acquired by Oracle)^[10]
• Quandoo (acquired by Japan's Recruit Holdings for $219 million)^[11]
• Kana (acquired by Verint Systems for $514 million)^[12]
• Apsmart (acquired by Thomson Reuters)^[13]
• Endeca (acquired by Oracle for $1.1 billion)^[14]
• Purplebricks ^[15]

Awards

DN Capital was awarded the Best Venture Fund of the Year at the 7th annual Private Equity Exchange Awards in Paris in 2016.^[16] Nenad Marovac was awarded the Investor of the Year award at the 14th annual Investor Allstars Awards in London in 2016.^[17] In 2017 DN Capital featured as one of the top performing Europe-based venture capital funds in the Preqin awards.^[18]

External links

• DN Capital (company website)

Notes and References

1. Web site: Nenad Marovac. Forbes. 17 September 2024.
2. News: DN Capital raises €200m to back tech start-ups despite Brexit . FT. January 24, 2018.
3. News: European VC firm DN Capital closes new €200M fund to invest at seed and Series A stage . TechCrunch. January 24, 2018.
4. News: Shazam investor DN Capital has raised €200 million for its new fund . Business Insider. January 24, 2018.
5. News: DN Capital raises $247 million fund for early-stage startups in Europe and the U.S. . VentureBeat. January 24, 2018.
6. Web site: DLC Conference Speaker: Nenad Morovac .
7. News: Meet the investor: Steve Schlenker, DN Capital . Startups. January 26, 2017.
8. Web site: Stanford Mentor Overview: Steve Schlenker, DN Capital .
9. News: REFILE: European stand-out venture fund DN raises new 200mln euro fund. Reuters. January 24, 2018.
10. News: UK's Datanomic acquired by Oracle. TechCrunch. April 14, 2011.
11. Web site: Japan's Recruit Buys European Restaurant Booking Service Quandoo For $219M. TechCrunch. en-US. 2020-05-29.
12. News: 2014-01-07. Verint to acquire kana software for $514 million. The Economic Times. 2020-05-29.
13. News: Thomson Reuters Acquires Mobile Startup Apsmart To Re-invigorate Its Mobile Products. TechCrunch. June 8, 2012.
14. News: Oracle's Endeca acquisition to cost $1.1 billion. Boston Business Journal. October 24, 2011.
15. News: DN Capital Exits Purplebricks. FINSMES. September 19, 2016.
16. News: DN Capital, Interview With Founder Nenad Marovac. FINSMES. December 14, 2016.
17. Web site: Investor Allstars: Investor of the Year 2016 Award Winners.
18. Web site: Ranking the Top Angel and Venture Capital Fund Managers (Part II).