Two Canadian venture capital organizations have brought on new team members to add to their leadership. Here’s a breakdown of who is joining, and what they bring to the table.
Highline Beta taps Ian Carnevale as VP of growth ops
Ian Carnevale has joined Highline Beta, after spending the past five years living between New York and Nigeria. Carnevale recently moved back to Toronto to join as Highline Beta’s vice president of growth operations.
Carnevale co-founded Andela, an African company that identifies and develops software developers, in 2014. He then went on to build Street Capital, a Sub-Saharan African-focused fund, with partners Iyinoluwa Aboyeji and Nadayar Enegesi. Marcus Daniels, CEO of Highline Beta, said with Carnevale onboard, the firm will be able to scale its venture innovation model and explore new opportunities in innovation ecosystems in the United States and the United Kingdom.
“Entrepreneurs are one of the most important drivers of human progress, and by creating systems that build up leaders you can have a far greater impact on the world than you could on your own,” said Carnevale. “Highline Beta is founded on a similar idea that by funding and building new ventures with ambitious enterprises you will drive exponential impact.”
“My clothes, couch, and closest friends are still in Nigeria,” he added. “But I’m here, ready to tackle my next challenge.”
Mark Bhattacharya, Stacey Kline join iGan Partners
iGan Partners announced that Mark Bhattacharya has joined as chief financial officer and chief compliance officer (CCO) and that Stacey Kline will become an impact partner.
Prior to joining iGan Partners, Bhattacharya was at Morneau Shepell Asset and Risk Management as head of operations and CCO. He has previously worked as the CCO of Burgundy Asset Management and has had roles at UBS Global Asset Management and the Ontario Securities Commission. Bhattacharya began his career at PwC, working in the firm’s audit practice in Mississauga and the Cayman Islands. He is also an Ontario Chartered Accountant.
Kline is managing director of The Good Fund, a seed-stage impact fund for startups solving social and environmental challenges. Prior to founding The Good Fund, Kline was the director of innovation projects at Goodmans LLP. She currently serves as chair of the board of Save a Child’s Heart and is a member of the advisory board of SickKids’ Innovators Program.
iGan’s new hires come shortly after former iGan partner, VP, and chief operating officer (COO) Olivier Giner left the VC firm to join portfolio company OrbCare. After deciding to leave iGan to serve as OrbCare’s COO, Giner took on the role of CEO following the discovery that healthtech startup was insolvent.