Promus Ventures hires Festal as partner

Promus Ventures has hired Pierre Festal as a partner.

Promus Ventures has hired Pierre Festal as a partner. Also, the venture firm has opened a new European office located in Luxembourg. Previously, Festal worked at ACE & Company in London where he served as co-head of the firm’s venture investment strategy and was an investment committee member.

PRESS RELEASE

Promus Ventures Welcomes Seasoned European Venture Capital Investor Pierre Festal As Partner, Opens Europe Office

Investing in more than 70 startups since 2012, Promus Ventures has been privileged to work with talented and unique deep-tech startups around the globe. Although we have primarily invested in the United States, we more often than not find ourselves on long plane flights out of the US to meet startups, attend board meetings, and speak at various conferences.

This trend has continued over the last five years as we have made numerous investments in UK, Germany, Finland and New Zealand and spoke at conferences in Abu Dhabi, Glasgow, Paris, Luxembourg City, Dublin, and Seoul among others. We believe there continues to be great startup teams and engineers across the world working on game-changing deep-tech problems that we want to support.

So it is with great fanfare that we welcome Pierre Festal as Partner to the Promus Ventures team to head up our new European office located in Luxembourg. Pierre has spend the last five years at ACE & Company in London as Co-Head of their Venture Investment Strategy and Investment Committee Member. Pierre has invested across early, expansion and late stage technology companies in Europe with a focus on deep-tech and fintech startups. He has invested in such leading companies as Zoopla Property (IPO), Chargepoint, N26, Redaptive, Kitchen United, Docker, Eos Energy, MOO, Novinium, Payfazz, Spectra Sensors, and Daily Motion.

Prior to ACE, Pierre was with Nomura International in London for seven years, last as a Vice President in their Merchant Banking Division (EMEA), deploying capital across a range of private equity strategies. Pierre also worked as an Analyst for Atlas Ventures in London for two years on the TMT investment team as well as for Jeffries International in London for one year as an Investment Banking Analyst.

Pierre graduated with a Masters in Corporate Finance from EM Lyon Graduate School of Management in Lyon, France as well as achieving a Msc in Computer Science and Management from ESIEE Management in Noisy, France. Pierre grew up in the Southwest of France where he developed his passions for technology, innovation, wine and water sports.
Pierre will lead the Promus Ventures charge in Europe and look for more announcements soon as we plan to build a larger team in Luxembourg around him to support our efforts across the pond.

Pierre can be reached at pierre@promusventures.com.