Paul Deninger

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Paul Deninger (born August 3, 1958, in Stoughton, MA) is a technology industry entrepreneur, board member, investment banker, and venture capitalist.[1]

Biography[edit]

Paul Deninger was born in 1958 in Stoughton, MA. He earned a Bachelor of Science from Boston College and later an MBA from Harvard Business School.[2][3]

Deninger joined the technology M&A firm Broadview International in 1987, where he was first an associate. He became CEO in 1996 and served for eight years before selling the firm to Jefferies.[4][5] Following the acquisition of Broadview by Jefferies, Deninger remained at Jefferies, where he served as Vice Chairman.[6][7][8][9] While at Jefferies, he did his first deals in sustainability and CleanTech, the area in tech he is currently focusing on.[10][1][11]

After Jefferies, he joined Evercore as a Senior Managing Director and retired from that firm in 2020 as a Senior Advisor. A leading independent investment bank, the firm became a major player serving the technology industry during his tenure.[4][12]

He advised on more than 100 M&A transactions and many equity financings and IPOs.[1]

As of 2024, Deninger is an Operating Partner at Material Impact, a venture firm that invests in deep tech companies. He advises a broad range of the fund's portfolio companies in such areas as material science, sustainable manufacturing, robotics and space technology.[13][14][15] Material Impact was founded by Adam Sharkawy and Carmichael Roberts, who is also chairman of the investment committee of Bill Gates’s Breakthrough Energy Ventures.[16]

Deninger also serves as Chairman of Generation Phoenix Ltd, a UK-based material science company that reclaims leather offcuts to produce leather material used in manufacturing footwear, luxury goods, and transportation seating. Gen Phoenix was recently named one of Fast Company’s Most Innovative Companies.[13][17][18][19]

He was named among the "100 Most Influential People in Technology" by Red Herring Magazine several times and recognized as one of the "25 Most Powerful People in Networking" by Network World. He also attended the World Economic Forum in Davos for 14 years.[20][2]

Board memberships[edit]

Paul Deninger serves on two public boards, Resideo and EverQuote.[21] He previously served on two other public boards, Iron Mountain and Netegrity. He has also served on the boards of several private, venture-backed companies.[22][23][24][25][26]

References[edit]

  1. ^ a b c Garland, Russ (2009-05-01). "Jefferies' Deninger Takes Aim At Energy Project Finance". WSJ. Retrieved 2024-04-24.
  2. ^ a b "Ex Libris Winter 2008" (PDF). bc.edu. Retrieved 2024-04-24.
  3. ^ "Our Team – Davis Partners Group". Retrieved 2024-04-24.
  4. ^ a b Loizos, Connie (2010-11-23). "Outspoken Paul Deninger Leaves Jefferies & Co for Evercore". Venture Capital Journal. Retrieved 2024-04-24.
  5. ^ "Bankrolling the Future". MIT Technology Review. Retrieved 2024-04-24.
  6. ^ Rothnie, David (2003-12-22). "Jefferies launches European M&A platform with Broadview buy". www.fnlondon.com. Retrieved 2024-04-24.
  7. ^ "Can Europe still compete in technology?". NBC News. 2005-11-14. Retrieved 2024-04-24.
  8. ^ "Silicon Valley's IPO anxiety". Fortune. 2010-11-17. Retrieved 2024-04-24.
  9. ^ Ricadela, Aaron (2009-10-22). "Who Will Be the Green VC Giant?". Bloomberg.com. Retrieved 2024-04-24.
  10. ^ Gelsi, Steve (2007-05-04). "Wall Street interest in clean tech grows". MarketWatch. Retrieved 2024-04-24.
  11. ^ Aston, Adam (2008-12-18). "Investing in Cleantech Companies". Bloomberg.com. Retrieved 2024-04-24.
  12. ^ "Facebook shifts investor focus to mobile strategy as IPO nears". gulfnews.com. 2012-05-15. Retrieved 2024-04-24.
  13. ^ a b Safaya, Shemona (2023-04-04). "Gen Phoenix bags US$18m funding for eco-conscious materials". Just Style. Retrieved 2024-04-24.
  14. ^ Wightman-Stone, Danielle (2023-03-30). "ELeather rebrands as Gen Phoenix and announces new funding". FashionUnited. Retrieved 2024-04-24.
  15. ^ Mallon, Jackie (2023-08-15). "The airline-tested technology behind Coachtopia's sold-out sustainable accessories". FashionUnited. Retrieved 2024-04-24.
  16. ^ "Material Impact Closes Third Fund, At $352M". 2023-11-20. Retrieved 2024-04-24.
  17. ^ Neuhauser, Alan (2023-03-30). "Sustainable leather maker sews up $18M". axios.com. Retrieved 2024-04-24.
  18. ^ Wightman-Stone, Danielle (2023-03-30). "ELeather rebrands as Gen Phoenix and announces new funding". FashionUnited. Retrieved 2024-04-24.
  19. ^ Hernandez, Andrea (2024-03-19). "This British startup upcycles unused leather into premium airline seats". fastcompany.com. Retrieved 2024-04-24.
  20. ^ "Red Herring Europe: Submission". Red Herring. Retrieved 2024-04-24.
  21. ^ "Paul F Deninger, Material Impact Inc: Profile and Biography". Bloomberg.com. Retrieved 2024-04-25.
  22. ^ "Paul Deninger, Member, Board of Directors". Resideo. Retrieved 2024-04-24.
  23. ^ Shieber, Jonathan (2019-01-29). "Starting with data centers, Carbon Relay is slashing energy costs and emissions using AI". TechCrunch. Retrieved 2024-04-24.
  24. ^ "Paul Deninger. Board Member". investors.everquote.com. Retrieved 2024-04-24.
  25. ^ "RI Business Portal". business.sos.ri.gov. Retrieved 2024-04-24.
  26. ^ "Stayin' Alive in ' 05". Forbes. 2004-12-13. Retrieved 2024-04-24.
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