TempoCap welcomes industry titan, Andreas Wuchner, as Operating Partner
TempoCap announces new Operating Partner, Andreas Wuchner, promoting exciting opportunities for growth in the cybersecurity space
- Andreas Wuchner joins TempoCap with over two decades’ international experience in cybersecurity and management and advisory (notably at Novartis, UBS, Hewlett-Packard and Qualys)
- He brings a particular focus on the fast-growth and critical areas of third-party risk management and cyber insurance, which are becoming a priority for global organiaations CIOs and CISOs
LONDON – 19th May 2023 – Europe’s leader in growth technology investment, TempoCap, today announces the new hire of Operating Partner Andreas Wuchner to further strengthen its cybersecurity expertise. Andreas is a seasoned international executive with an exceptional track record of over 25 years’ cybersecurity experience across consumer and provider sectors. He served as General Manager (CIO), Chief Information Security Officer (CISO), Head IT Security & Operations, Head IT Risk Control and Head IT Risk Management/Governance & Compliance for several large scale and international organisations, including Novartis Pharmaceuticals, UBS, Deutsche Bank and Hewlett-Packard/DXC Technology. He has also served on company advisory and supervisory boards, helping fast-growth cyber companies such as Qualys, Panaseer, Armis and Cylance. Andreas brings a unique combination of deep cybersecurity technical expertise and strategic planning, go-to-market activities and product/service design to his role.
As stakes get higher and costs of cyber risk are rising exponentially, the need for robust cybersecurity postures against advancing threats is ever-present. With the guiding hand of seasoned investors and experienced leaders, cybersecurity startups can innovate, evolve and deliver long term results. TempoCap’s portfolio has illustrated the potential for promising disruptors to succeed, recently winning the 2023 Real Deal Award for VC/Growth Deal of the Year for fintech company CurrencyCloud’s exit, and securing another notable cybersecurity exit with portfolio company Ercom being acquired by Thales Group.
There is a huge opportunity for innovative security organisations to drive change. The acceleration of digital transformation and migration to cloud, the growth of artificial intelligence, geopolitical developments, the expansion of attack surface creating new vulnerabilities and increased regulatory complexity all provide new challenges for the digital footprint management of companies across the globe. In TempoCap’s portfolio, for instance, AI and ML powered companies such as CybelAngel provide actionable threat intelligence to manage external attack surface, while Onfido offers industry-leading identity verification and fraud detection solutions and Dedrone offers an advanced drone threat detection and mitigation platform.
Andreas Wuchner’s appointment as Operating Partner at TempoCap follows his proven track record helping disruptive cybersecurity companies develop new avenues for growth. Through his role as an advisory board member for portfolio company Panaseer, Andreas has helped expand operations from one to nine vertical markets and almost tripled its customers base over the past three years. His deep expertise in the latest cybersecurity technology, strategy and go-to-market strategy will now be applied to the broad range of TempoCap’s security companies, ensuring they are well-placed to succeed in this critical, resilient and fast-growing market.
Andreas Wuchner comments: “I am thrilled to become part of the TempoCap team and to join a company that has been leading the way in growth investing. Using my decades of experience in the field, I am committed to providing targeted and strategic advice to enable our cybersecurity companies to reach their fullest potential in an increasingly necessary market. We find ourselves at a critical juncture, with artificial intelligence providing the opportunity to transform the way that we operate and the growth of MSSPs enabling organisations to outsource their security needs and save on operational costs. I am looking forward to focusing on these areas and helping TempoCap capitalise in a fast-growth space.”
Olav Ostin and Damien Henault, Partners at TempoCap add: “We are delighted to have someone of Andreas’s calibre join TempoCap and to add to our team with his decades of knowledge and experience in all aspects of cybersecurity, Information Security, IT Security & Information and Risk Management. His wide-ranging technical and go-to market expertise and management skills have already been proven in the growth of our portfolio company Panaseer and we are excited to work with him across all our current cybersecurity investments and to find, invest in and expand cybersecurity startups. His enthusiasm and energy for talent encapsulates our values and we look forward to having his insights throughout our portfolio.”
-ENDS-
Media Contact:
Courtney Glymph
Head of Communications, TempoCap
About TempoCap
TempoCap is a leading European technology investor in fast-growing businesses at the expansion stage. TempoCap offers primary capital for companies to accelerate growth, as well as attractive and flexible secondary liquidity solutions for shareholders in such companies (entrepreneurs, venture capitalists, corporates, angels etc.). In addition to individual company investments, TempoCap advised funds acquire entire portfolios of companies from various types of investors, including venture capital funds, corporates, banks, or prominent business angels. For more details, visit www.tempocap.com
