DEV Expands its Scope; Welcomes Swatick Majumdar as Partner; Addition Brings Global Relationships, Expertise and Operating History
New York, NY (PRWEB) July 25, 2013 -- DEV (Digital Entertainment Ventures) today announced that Swatick Majumdar has joined the firm as a Partner and Managing Director. His addition is the next step in solidifying DEV’s leadership position in New York.
“The timing couldn’t be better,” said DEV Managing Director Alan McGlade. “The tech industry continues to grow faster in New York City than anywhere else in the country. DEV already offers the ideal platform to invest in emerging digital media companies and Swatick Majumdar will help take the firm to the next level. He has been active as an advisor in the start-up evolution of companies and brings a wealth of global relationships, expertise and operating history to the team.”
Majumdar is a seasoned financial player with extensive experience in the technology sector. He recently served as Managing Director at Chatsworth Securities, LLC a Greenwich, CT based boutique investment bank. At Chatsworth he focused on investment banking activities in the US-India corridor where he helped execute numerous successful financings in Technology, Media and Telecommunication (TMT), Renewable Energy (new and traditional), Biotechnology and Medical devices. Previously he held key positions at Janney Montgomery Scott, LLC and Josephthal &Co. Swatick has been sought out as a speaker at industry events in the US, India and the United Arab Emirates.
“I am excited to join DEV as a partner, particularly at such an opportune time,” said Swatick Majumdar. “The recent acquisition of Tumblr is further evidence of the tech renaissance sweeping across New York and DEV is right in the sweet spot.”
About DEV (Digital Entertainment Ventures)
DEV provides guidance, seed and early stage capital to companies building the next generation of digital services that are transforming media and entertainment. DEV is managed by seasoned media and venture executives Alan McGlade, Michael Yang and Swatick Majumdar, and its initial investments include Stageit, Open Air Publishing, Sonic Notify and Human Demand and others to be announced soon. It is headquartered in New York City. Visit DEV on the web at http://www.devny.vc.
Alan McGlade, DEV (Digital Entertainment Ventures), http://devny.vc, +1 917-525-2024, [email protected]
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