After working for Expon Capital for over four years, the Luxembourg VC decided to promote Lily Wang to Partner, recognizing her past successes and importance to the future of the firm.
While Lily started out as a mathematics student from Harbin, she left China more than a decade ago, first to the US, where she conducted research in behavioral economics and statistics at UC Berkley, then across Europe, where she worked as an investment banker for HSBC in London, among other positions.
Joining Expon Capital in 2019, she has been focussing on sourcing and executing investment opportunities, managing portfolio companies, and integrating ESG considerations into the life cycle of the investments. Notably, Lily led the investment into Cascade, Videobot, and Hellobetter and co-developed an internal proprietary risk-return model.
“As we continue to evolve and launch new generations of funds, we are confident that Lily will bring invaluable contributions to our team and limited partners alike. This promotion is a testament to her hard work and a symbol of our commitment to nurturing talent and fostering a culture of excellence”, said Jérôme Wittamer, Managing Partner of Expon Capital.
With a strong interest in Energy, Healthcare, and AI, Lily Wang appears an excellent addition to Expon Capital’s Partners, not only bringing relevant expertise but also much-needed diversity in a field crowded with men.
“I consider myself fortunate to engage every day with seasoned investors at Expon Capital and visionary entrepreneurs we back. I am glad to be part of the entrepreneurial journey and look forward to further growing our platform”, states Lily Wang, Partner of Expon Capital.
One of the few alternative VCs in Luxembourg, Expon Capital is dedicated to financing high-growth tech companies. With more than 30 portfolio companies across 9 countries and ties to both Luxembourg institutions and corporates, Expon Capital counts as an important pillar of the ecosystem.