Fuse Venture Partners makes strategic Principal appointment in consumer tech team
Fuse Venture Partners (Fuse), a European internet growth venture investor, has appointed Dipam Patel as a Principal, bringing over 10 years' technology and investing experience to the firm.
Patel will work with the eight-person London-based European-focused team led by Managing Partner Spyro Korsanos as it looks to expand the firm's investments into promising technology companies, focusing on Series B and C funding.
Having held roles with both GP Bullhound and Bryan Garnier, where he was involved in executing fundraising and M&A transactions generating over USD5 billion in aggregate value, Patel has significant technology, entrepreneurship and finance experience. He also co-founded the automotive ecommerce venture D2P Autoparts, further contributing to the hands-on experience of the team.
Fuse mainly invests in growth-stage technology companies in Europe, helping them formulate expansion strategies and execute private equity-style growth initiatives, such as acquisitions. It has a wealth of experience working with high-growth companies, such as foodpanda, Delivery Hero and Hellofresh, acting as an outsourced corporate development and strategy team to inorganic growth or scaling initiatives. The firm believes the strategy is key to unlocking growth in Europe, a more fragmented market, where there is currently a value creation gap in the venture capital ecosystem.
Spyro Korsanos, Managing Partner at Fuse, says: "We are excited to have Dipam join the team. His track record in technology deal making and entrepreneurship compliments Fuse’s core competencies perfectly. He has already shown that he is highly driven and will bring his very own personality to the team. We look forward to building the next phase of Fuse with him.”
Dipam Patel, Principal at Fuse, says: "I'm thrilled to join Fuse. I recognise the firm as one of the few consumer-facing technology ‘scale-up’ investors in Europe, with the team clearly differentiating itself through its operational experience, functional background and excellent investments so far. The firm is an exciting opportunity to leverage the positive tailwinds in the European technology ecosystem."