Home Business & Finance Millennial Capital members appoint new board of directors

Millennial Capital members appoint new board of directors


News Desk

BEIRUT: Millennial Capital members have appointed a new board of directors at the Annual General Meeting held recently in Beirut, Lebanon.

Established in 2016 by Andreea Danila, Millennial Capital is the fastest growing specialist consumer-focused venture capital firm looking at establishing partnerships with globally emerging consumer brands.

Millennial Capital’s landmark venture investment case study includes the partnership with O Boticário, which is the largest fragrance player in Brazil and the largest cosmetics network worldwide with more than 4,000 stores, USD 3.7 billion (2017) in annual revenue and 30,000 employees. The early stage investment was executed in 2017 with the intent to develop the operations in the GCC region of the Brazilian beauty giant.

The venture capital firm expects to launch its first venture fund, expanding on its proven investment strategy, with the aim to establish new partnerships in the consumer sector, specifically e-commerce, beauty, accessories. Millennial Consumer VC I is expected to have a first closing of USD 15 million.

Millennial Capital Board of Directors now includes as Chairman, Mr. Hamad Al-Attiyah, as Board Member Mr. Konema Mwenenge, as Board Member, Mr. Georges Chackar and as Independent Board Member, Mr. Shailesh Dash and Ms. Andreea Danila, Founder Millennial Capital.

The Board of Directors is responsible for setting up the growth strategy of the group, implementing risk management including the integrity of financial information and financial controls along with establishment of corporate governance committees with the aim to enhance the management and business functions of the group.

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