Nenad Marovac
Profile Verified by The Marque
Last Updated: 22 Sep 2026
Founder & Managing Partner
London, GB
Profile Verified by The Marque
Last Updated: 22 Sep 2026
THE MARQUE
In Their Own Right
Biography
Nenad Marovac is Founder and Managing Partner of DN Capital, an early-stage venture capital firm focused on European and US technology companies. Through DN Capital, he has built a strong presence across venture capital markets in Germany and the wider DACH region, with investments in leading German technology businesses including AUTO1 Group, HomeToGo, Mister Spex, Quandoo, Tourlane and Numa.
Born in Croatia and raised in San Diego, California, Nenad began his career with Bankers Trust in New York before moving to Berlin in 1991. Working with the Treuhand during German reunification, he advised on projects integrating the economies of East and West Germany, establishing long-standing ties to Germany’s business and investment communities.
Nenad later attended Harvard Business School, where he met future DN Capital partner, Steve Schlenker. After graduating, he returned to Europe and joined Advent International in London, focusing on technology, media and telecommunications investments. He became a Partner at Advent at the age of 32 before founding DN Capital in 2000.
Under Nenad’s leadership, DN Capital became an early investor in European technology startups across digital marketplaces, fintech, consumer internet and SaaS. The firm’s investments span European and US technology companies including Shazam, Endeca, AUTO1 Group, HomeToGo and Mister Spex, several of which achieved major international growth, IPOs and high-value exits.
Nenad was recognised on the prestigious Forbes Midas Europe List in 2021 and 2022 and received the Investor of the Year award at the Investor Allstars Awards in 2016. He is a past Chair of Invest Europe and chaired the association’s Venture Council from 2015 to 2018. He serves on the boards of several DN Capital portfolio companies and is co-founder of The DN Capital Foundation alongside Steve Schlenker.
The Record
Background
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2000 — Present
Founder & Managing Partner
DN Capital
DN Capital is an international venture capital firm with offices in London, Berlin and San Francisco, including a dedicated German presence through DN Capital (Germany) GmbH in Berlin. The firm has backed a number of German and Germany-linked technology companies across sectors including digital marketplaces, SaaS, fintech and consumer internet.
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1995 — 2000
Partner
Advent International
Advent International is a private equity firm focusing on company buyouts primarily in Western and Central Europe, North America, Latin America, and Asia. Founded in 1984, it has invested $56 billion in over 375 transactions across 42 countries. Headquartered in Boston, Advent operates from 14 offices in 11 countries and employs over 240 investment professionals.
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1989 — 1991
Financial Analyst
Bankers Trust
Bankers Trust was a historic American banking firm, acquired by Deutsche Bank in 1999. Nenad worked as a Financial Analyst in Bankers Trust's leveraged buyout group in New York, where he focused on media and communications transactions.
In The News
Newsfeed
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6 November 2025 · TFN
Expert talk: How Europe’s policy landscape shapes EdTech investment
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28 July 2025 · Sifted
Cognigy sells for almost $1bn in Europe’s biggest AI acquisition yet
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23 December 2024 · Private Equity Wire
DN Capital exits fintech Brigit
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21 May 2024 · Finextra
Super apps: What’s in a name?
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8 December 2021 · Forbes
This London VC with a Low-Profile is Achieving Great Success by Investing in Germany's Startup Scene
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3 November 2021 · Private Equity Wire
DN Capital opens Berlin office
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5 October 2021
Remitly, the mobile remittance company, started trading on the Nasdaq
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22 February 2021
Auto1 – Successful IPO on Frankfurt Stock Exchange
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12 December 2017
How we met Shazam
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19 September 2016
DN Capital Exits Purplebricks
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Formative Years
Education
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Harvard Business School
Master of Business Administration (MBA)
1993 — 1995
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San Diego State University
BSc. in Business Administration with Distinction in Finance
Areas Of Focus