Aster Capital, originally formed by corporates Schneider Electric and Alstom, has promoted Jérome Joaug from principal to partner.
Jérome Joaug has been promoted to partner at Aster Capital, a venture capital firm managing €520m ($550m) through multiple funds raised with major corporations and institutional players.
Joaug joined Aster in its UK office as a principal in March 2018, and his early deals included PacketAI, Hadean and Wluper. He had previously been a serial entrepreneur, co-founding Cambridge Nanosystems out of his research at the University of Cambridge, and Nymbly, a low-power internet-of-things platform.
Aster Capital was formed by Schneider Electric and Alstom in 2010, and received funding from another corporate, Solvay, in 2011 before restructuring in May this year, converting to a model that involved it being owned by its management team.
Photo of Jérome Joaug courtesy of Aster Capital.
