Former Uber exec Jambu Palaniappan joins Omers Ventures in Europe

Former Uber exec Jambu Palaniappan joins Omers Ventures in Europe

Earlier this 12 months, Omers Ventures, the enterprise capital arm of Canadian pension fund Omers, outed a brand new €300 million fund geared toward European expertise startups, having recruited native VCs Harry Briggs, Tara Reeves and Henry Gladwyn.

And now the agency is including a fourth member in Europe: Jambu Palaniappan (pictured centre), the previous head of Uber’s meals supply enterprise in Europe, Center East and Africa, has joined Omers Ventures as a managing companion.

Palaniappan joined Uber in 2012 when it was a 75-person startup targeted totally on the U.S. market. He led the ridesharing behemoth’s growth all through the EMEA area and India earlier than changing into regional common supervisor for Jap Europe, Russia, the Center East and Africa. He then went on to launch Uber Eats in EMEA.

In different phrases, Palaniappan brings much more operational expertise to Omers’ European VC staff, though he isn’t new to the world of enterprise capital, both. His most up-to-date gig was at London-based enterprise capital agency Atomico, the place he spent 12 months as executive-in-residence (information that TechCrunch broke again in July 2018).

Unsurprisingly, Palaniappan has additionally been an angel investor, and is alleged to have backed plenty of startups within the U.S., Europe, the Center East and Africa.

In the meantime, the recruitment of Palaniappan marks a good debut half-year for Omers Ventures Europe, seeing the Canadian investor put collectively a staff of faces well-known to the London and broader European tech and startup scene. Briggs’ resume consists of stints at BGF Ventures and Balderton, in addition to founding and exiting Tonics, a well being drinks firm. Reeves was at seed agency LocalGlobe and likewise co-founded Turo, the car-sharing market. And Gladwyn beforehand managed seed investments for the founders of DeepMind.

The Omers Ventures Europe staff has already invested greater than €76 million into the European ecosystem. Investments thus far embody FirstVet, Resi and Quorso.

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