WASHINGTON, May 18, 2016 /PRNewswire/ -- Fenway Summer Ventures ("Fenway Summer"), a venture capital firm focused on early-stage investments in financial services and financial technology, today announced that Javier Saade has joined the firm as a Managing Director.
Fenway Summer backs entrepreneurs who are pioneering new distribution models, rewiring technology, advancing next-generation analytics, and creating capital-efficient marketplaces. The firm capitalizes companies that have the potential to change the financial services industry, with a focus on sectors that include capital markets, payments, lending, asset management, enterprise services and insurance.
"Javier is a high-impact addition to our team at Fenway Summer Ventures," said Raj Date, Managing Director and chair of the investment committee at Fenway Summer Ventures. "He brings decades of experience and a track record of success as an investor, entrepreneur, operating executive, and policymaker. He will offer valuable insight to our investment decisions and to our portfolio of over two dozen companies."
"Since we started Fenway Summer three years ago, we've always focused on building a team uniquely positioned at the intersection of finance, technology, and policy," Date continued. "Javier's a perfect fit."
Saade recently served as Associate Administrator, Chief of Investment & Innovation, U.S. Small Business Administration where he oversaw the $26B AUM Small Business Investment Company (SBIC) program, the $2.5B per year Small Business Innovation Research (SBIR) & Small Business Technology Transfer (STTR) programs, and the $6.9M Growth Accelerator Fund. Concurrently, he held a seat at the U.S. Securities and Exchange Commission's Advisory Committee on Small & Emerging Companies. He worked closely with the White House on a wide range of innovation, economic, investment and financial policies. Since inception, the programs he led have invested $120B in over 320,000 high-growth startups businesses.
Prior to his public service he spent 20 years in various investment, entrepreneurial, operational and advisory roles at firms that include McKinsey & Company, Booz Allen & Hamilton, Bridgewater Associates, The GEM Group, Paradigm Ventures, Pacific Community Ventures, Air America Media and Abbott Laboratories. He is a Trustee of the Pan American Development Foundation, an Executive in Residence at Columbia University's Columbia Technology Ventures and a Senior Fellow at Georgetown University's Beeck Center for Social Impact & Innovation. He holds an MBA from Harvard, an MS from Illinois Institute of Technology and a BS from Purdue University.
"I was attracted to Fenway Summer's relentless drive and its important mission," said Javier Saade. "The firm and its amazingly talented professionals are uniquely positioned to back entrepreneurs that are building and scaling disruptive businesses and driving change in an industry that desperately needs it. I look forward to contributing to the firm's growth, success and industry-leading influence."
About Fenway Summer Ventures
Fenway Summer Ventures is a venture capital firm combining regulatory, capital markets, and credit expertise with deep finance industry knowledge to support entrepreneurs solving important problems at the intersection of finance and technology. To learn more, visit www.fenwaysummer.com.
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SOURCE Fenway Summer Ventures