BCG Digital Ventures (BCG DV) has launched first BCG DV Hatch in the Bay Area. DV Hatch is a corporate incubator dedicated to funding, incubating and scaling internally developed IP and start ups.
Henry Vogel, former co-founder and CEO of social recommendation search engine Raved which BCG DV purchased last year, will lead global operations for DV Hatch along with the firm’s broader innovation and incubation efforts as a Partner and Managing Director.
DV Hatch will be connected to BCG DV’s global network of innovation centres in Manhattan Beach, London, Berlin and Sydney. BCG DV plans to open DV Centers and Hatches in several other key commercial hubs, both in the US and abroad, as a focal point of its global expansion. In contributing its own risk capital alongside corporate partners to these new businesses, BCG DV is also establishing a new model for corporate innovation and venture capital.
Vogel brings more than two decades worth of entrepreneurial and investment experience to the role having previously served as the head of companies including Apptera (Soleo) and Quigo (AOL). Vogel also co-founded the pricing practice at BCG and has filled leadership roles in corporate strategy and marketing at eBay. At BCG DV, he will oversee the integration of Raved and other BCG DV-incubated IP along with the build out of DV Hatch across ventures in the retail, consumer, financial services, transportation, healthcare and other sectors.
“I'm excited to help leading brands and businesses own the next chapter of innovation and growth,” says Vogel. “BCG DV can unlock incredibly valuable assets from within corporate organisations and help our partners create truly disruptive new businesses that solve key consumer frictions, deepen relationships and generate new revenue streams, profit pools and competitive advantage. In doing so, we’re also looking forward to creating a new winning model for corporate venture capital.”
