US investment firm Valor Capital Group has hired Dan Schulman as a part-time managing partner.
Schulman most notably served for nine years as president and CEO of PayPal before stepping down from the role at the end of last year. He currently serves on the boards of Verizon, Cisco, and Lazard.
Announcing the appointment, the group’s current managing partner, Scott Sobel, says Schulman is a “long-time friend, mentor, and business partner”.
He says that Schulman is to work for the group “two to three days a week” and will “support our firm to scale, be involved in strategy, new investments and decision making, and work with select founders and portfolio companies”.
Sobel co-founded Valor Capital with his father and former US ambassador to Brazil, Clifford Sobel, in 2011 to combat what he describes as the “virtually non-existent” levels of venture capital flowing into Latin America (LatAm) at the time.
In the years since, the group has become an increasingly familiar face in funding rounds in both North and South America, backing the likes of US-based, LatAm-focused fintech Deuna, Brazilian trade finance fintech Vixtra, and agribusiness capital provider Agrolend, among others.
With Schulman now on board, Sobel says Valor Capital is “doubling down on our mission to be the bridge across LatAm and global tech markets”.
Source: fintechfutures.com
