(MENAFN- Khaleej Times) Millennial Capital members have appointed a new board of directors at the Annual General Meeting held recently in Beirut, Lebanon. Millennial Capital board of directors now includes Hamad Al-Attiyah as chairman; Konema Mwenenge and Georges Chackar as board members; Shailesh Dash as independent board member; and Andreea Danila as founder of Millennial Capital.
Established in 2016 by Andreea Danila, Millennial Capital is a specialist consumer-focused venture capital firm looking at establishing partnerships with globally emerging consumer brands. Millennial Capital's landmark venture investment case study includes the partnership with O Boticrio, which is the largest fragrance player in Brazil and the largest cosmetics network worldwide with more than 4,000 stores, $3.7 billion in annual revenue, and 30,000 employees. The early stage investment was executed in 2017 with the intent to develop the operations in the GCC region of the Brazilian beauty giant.
The venture capital firm expects to launch its first venture fund, expanding on its proven investment strategy, with the aim to establish new partnerships in the consumer sector, specifically e-commerce, beauty, accessories. Millennial Consumer VC I is expected to have a first closing of $15 million.
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