Scania has teamed up with three of Sweden’s most experienced venture capitalists who have been appointed to manage the investment operations of Scania Growth Capital.
The setup of Scania Growth Capital is unique. Scania is the majority owner and the investment team has minority ownership in the fund. The investment team manages Scania Growth Capital exclusively and is organized in a separate advisory company, East Hill Equity. This setup aims to attract a broad range of entrepreneurs, combining the strength of Scania’s ecosystem with the experienced venture capitalist minority owners.
The investment team has more than 50 years cumulative experience in venture capital. They have successfully worked together the past 5 years managing several funds and performing more than 60 investments. They have also performed numerous successful exits including 7 IPOs.
Christian Zeuchner is a partner at East Hill Equity and has worked for the past seven years as Investment Director at Fouriertransform, a venture capital company owned by the Swedish Government. Zeuchner has been active in the automotive industry in Europe, Asia and the US since 1993, working for General Motors, and as a management consultant at Roland Berger, Arthur D. Little and Ricardo.
Daniel Riazzoli is a partner at East Hill Equity and has worked with investments for over 10 years, including five years at Fouriertransform, a venture capital company owned by the Swedish Government. Before joining Fouriertransform, Riazzoli worked at the Norwegian private equity company FSN Capital and at the British private equity company 3i. He also has a background as a management consultant at McKinsey & Co.
Lars-Olof Gustavsson has been appointed Chairman of the Board of Scania Growth Capital, and is Chairman of the Board of external investment company East Hill Equity. He has been active in the Nordic venture capital industry for more than 40 years, and is considered one of the pioneers of the industry in the region. Gustavsson has been responsible for over 50 investments and has held over 30 board positions and is an active angel investor.
The Board of Scania Growth Capital consists of senior Scania management including Henrik Henriksson, President and CEO, Johan Haeggman, Chief Financial Officer, Daniel Wedberg, Head of Corporate Management and Venture Business. Dr. Klaus Schartel, Head of Mergers & Acquisitions at Volkswagen Truck & Bus GmbH. The Chairman of the Board is Lars-Olof Gustavsson who is also Chairman in the advisory company The Board acts as the Investment Committee and takes the formal investment decisions.