Appointment
DTCP appoints Dean Shahar as Managing Director and Head of Israel
The appointment comes as DTCP announced in June 2024 the final close of its DTCP Growth Equity III Fund and an initial closing of its B2B early-stage investment fund, totaling $450 million.
DTCP, the global investment firm with $3 billion in assets under management, has promoted Dean Shahar to Managing Director - Head of Israel. Dean, who joined DTCP in 2021, has been leading the Israeli office since 2023, and brings with him extensive experience in technology investments and investment banking from his previous roles at Morgan Stanley, Oppenheimer & Co., and Poalim Equity.
The appointment comes as DTCP announced in June 2024 the final close of its DTCP Growth Equity III Fund and an initial closing of its B2B early-stage investment fund, totaling $450 million. The new fund has already made several investments in companies including Zenity, Anecdotes, Cognigy.AI, Cohere, and Quantum Systems. The fund is targeting 15-20 equity investments businesses in early growth and growth stage, typically as part of a Series B to D or late-stage funding round.
In his current role, Dean serves as a board member of Zenity and Anecdotes, while managing investments or serves as a board observer in leading Israeli tech companies including Axonius, Appsflyer, Hunters, Morphisec, and Fornova. He oversees DTCP's Growth investment strategy in Israel, which focuses on early-growth and growth-stage companies in sectors such as Cybersecurity, AI, Cloud, Vertical SaaS and DevOps.
"This promotion is a testament to Dean’s outstanding contributions and leadership, and we have no doubt he will continue to excel in his new role," said Thomas Preuss, Managing Partner at DTCP. "As we continue to grow stronger in Israel - a market we have been committed to since 2015 - we are grateful to have Dean as a driving force behind that progress. Dean’s efforts have played a key role in our success, and we are excited to see the incredible impact Dean will continue to make."
"DTCP's track record in Israel speaks for itself, with successful exits including Epsagon's acquisition by Cisco, Guardicore by Akamai, Dynamic Yield by McDonald's, Fireglass by Symantec, Cellwize by Qualcomm and several active Centaurs and hyper-growth portfolio companies," said Shahar. "I'm particularly excited to take on this role at a time when Israeli technology companies are pioneering breakthrough innovations in AI and enterprise software. With our new fund and global network, we're uniquely positioned to help Israeli founders scale their companies internationally and achieve category leadership, while creating entirely new categories."
Founded in 2015, with a local office in Israel opening in the same year, DTCP employs over 50 investment professionals globally across Europe, US and Israel, and recently announced the successful closing of $450 million for its growth venture investment strategies. The firm's portfolio includes notable international investments such as Arctic Wolf Networks, Auth0 (acquired by Okta), LeanIX (acquired by SAP), and Fastly (NYSE:FSLY) among others.
