He currently leads investments in AI and Deep Tech and has helped the firm build a strong position in this sector. As we continue to build our portfolio, a key priority for us is to have the right talent in place to support and mentor our portfolio and teams." "The three of them have proven themselves as trusted partners to entrepreneurs and make great contributions to our portfolio companies and the firm's development. "We are delighted to welcome Shawn, Cody and Gordon to the leadership team in China," said, Jarlon Tsang, Managing Partner and Head of China at Eight Roads Ventures. The three new partners bring solid domain expertise, deepening the firm's ability to better support entrepreneurs across stages and sectors. After the promotion, Eight Roads Ventures China has 10 Partners across its healthcare and technology teams, and each of them brings an average of 20 years of experience from China and abroad. The promotion underscores the firm's commitment to developing leaders from within.ĭespite the market volatility, Eight Roads has continued to grow its team in China over the past 12 months, showcasing the strength and benefits of having proprietary and patient capital of Fidelity. The three new partners each joined Eight Roads as Associates nearly a decade ago. 15, 2023 /PRNewswire/ - Eight Roads, a leading global venture capital firm, today announced the promotion of Shawn SHEN, Cody YIN and Gordon ZHANG to Partners in its China Ventures team. Showcasing the firm's commitment to developing leaders from withinīEIJING and SHANGHAI, Feb. Upon completion of the deal, Synergy One operated as a wholly owned subsidiary of Mutual of Omaha Bank and maintained its base in San Diego.Īt the time of the acquisition, then-Synergy One President and CEO Torrey Larson said, “The impact of two high-performance teams working as one provides an undeniable opportunity to grow market share by executing every day on behalf of our customer.Eight Roads Ventures China continues to grow its team and now has 10 Partners across its healthcare and technology teams In 2018, Mutual of Omaha Bank, the banking arm of Mutual of Omaha, acquired Synergy One to allow the company to expand its reverse mortgage lending. Our confidence in our team and our collective ability to execute couldn’t be higher,” said Majerus. “Aaron and I are sincerely grateful for the opportunity to lead Synergy One into the future. The MBO was led by Nemec and Synergy One CEO Steve Majerus. Though the terms of the acquisition were not announced, Synergy One President Aaron Nemec said, “This acquisition enables us to more aggressively pursue our pipeline of opportunities and to continue to evolve our operational and sales platforms in building a fintech-enabled company that aligns our team with the experience our customers demand.” The buyout was announced near the two-year anniversary of Mutual of Omaha’s acquisition of the mortgage lender in June of 2018. Synergy One Lending announced on Thursday its management-led asset purchase (MBO) of the company’s distributed retail channel and the Synergy One brand from Mutual of Omaha Mortgage.
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