After a year and a half at Scania’s CVC unit, Jessica Persson has taken up the head of venture capital and M&A role.
Jessica Persson has been promoted to head of venture capital and M&A at Scania Growth Capital, the corporate venturing arm of Sweden-based commercial vehicle manufacturer Scania.
The news came just three months after Scania announced the $190m second fund, Scania Growth Capital II, in November last year. Similar to its now-deployed predecessor, the new fund is also managed by VC firm East Hill Equity.
Persson joined the CVC subsidiary in 2021 as a strategy and business development partner, having served more than four years at Traton Group, the commercial vehicle manufacturing subsidiary of carmaker Volkswagen Group, focusing on M&A.
Prior to Traton, Persson had spent about 17 years at Scania since 2000. She began as a management trainee and held various positions such as financial controller and chief financial officer.
Formed in 2016, Scania Growth Capital targets business-to-business technology developers. The first fund had invested in nine companies including freight forwarding service Sennder.
“I look forward to pursuing my true passion for venture capital, frontline innovation and scale-up of businesses,” said Persson on LinkedIn. “I also hope to increase collaborations with partners worldwide, deliver value for us all, for today and for the future decades to come.”
