Promus Ventures Welcomes New Partner Pierre Festal, Opens Europe Office

Mike Collett
Sep 9 · 3 min read

Seasoned European Venture Capital Investor Joins Promus Ventures

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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, 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.

Join us in welcoming Pierre to the Promus Ventures family!

Copyright 2020 Promus Ventures, all rights reserved.

Recipients of this post are not to construe it as investment, legal, or tax advice, and it is not intended to provide the basis for any evaluation of an investment in any fund. Prospective investors should consult with their own legal, investment, tax, accounting, and other advisors to determine the potential benefits, burdens, and risks associated with making an investment in any fund.

Promus Ventures is a trademark of Promus Holdings, LLC. Used under license.

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