DN Capital, a regular supporter of The NextWomen and member of the investment panel at our January pitching competition, last week announced the completion of the sale of portfolio company Datanomic to Oracle Corporation.
Founded in 2001, Datanomic specialises in developing data profiling and enhancement solutions. �The company is led by a female chairman, Tina Rogers, who has held multiple chairmanships specializing in growth, both organically and by acquisition, with companies varying in turnover from �1m to �150m.
DN Capital, the international early stage and growth equity investor and backer of leading global digital media companies such as Shazam, Digital Chocolate, OLX and Endeca, was a significant shareholder in Datanomic and the only institutional investor. Following this transaction, DN Capital?s second fund (DN Capital GVC II), which made its first investments in 2008, has already paid back the vast majority of invested capital and is showing clear top quartile returns to investors.
DN Capital Managing Partner and Datanomic Board Member, Nenad Marovac, commented:
"We are very proud to have been associated with Datanomic, a great example of a global technology leader coming out of the UK. We have supported the company for several years and the Datanomic management team have been a pleasure to work with.
The fact that Oracle as a leading multinational corporation has now become a major shareholder is a confirmation on the quality of the product and team. We wish them every success in the future."
Following the sale of OLX to Naspers in August 2010, the sale of Datanomic to Oracle is the fifth exit for DN Capital GVC II. This is also the seventh exit for the DN Capital Group in the last 14 months. In addition, DN Capital has made six new investments in the last twelve months and added key operating executives to its advisory team, including Maria Molland as Venture Partner in May 2011.
Maria is a veteran executive from the digital media space with fifteen years of experience. Most recently she was the Global Managing Director of Lipper and Digital Ventures for Thomson Reuters. Prior to that, she was the SVP and Global Head of Strategy and Business Development for Reuters Media. Prior to Thomson Reuters, Ms. Molland was the General Manager of Marketwatch and Barron's Online for Dow Jones as well as the Head of Strategy and Business Development at Yahoo Finance.
DN Capital are known for having one of the most gender balanced VC teams in London with some of the best investor female talent from Europe and US.
To view the full press release on Oracle's website, please click here.
Ali Larter Tami Donaldson Adriana Lima Jessica Biel Jaime King
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