Chris Gottschalk

Chris Gottschalk to lead US-based $200M Santander fund

Santander InnoVentures, Santander Group’s global corporate venture capital fund, has appointed Chris Gottschalk as a senior adviser to lead the $200M fund’s strategic direction in the US. Chris is based in San Francisco and brings extensive venture capital experience to the team.

Mr. Gottschalk joins from Blumberg Capital where he held the role of principal for seven years in the company’s San Francisco office. He brings more than 15 years of experience as an investor, entrepreneur, operational executive and investment banker in technology, and before joining Blumberg worked at Menlo Ventures. He has held board or board observer positions at technology startups including Bento, Blender, Earnup, Easyknock, Fundguard, Jassby, Lendio, Parsely, Roam Analytics, Sharegain, Simply Credit, Yotpo and Zibby.

At Santander Mr. Gottschalk will work alongside Manuel Silva Martínez, partner at Santander InnoVentures, who has overseen InnoVentures’ growth to its current $200 million fund. Together, they will focus on building up local presences in the fund’s two strategic geographies – Europe and the US – as well as jointly coordinating selective investments in other geographies relevant to Santander.

The fund has invested in 23 companies, with a mandate to support world-class entrepreneurs building industry-defining companies, by providing capital, scale and expertise. It was named the most active bank-backed fintech corporate venture in the world by CB Insights.

“I am thrilled to join Manuel and the SIV team to build the fund’s foothold in the US,” Mr. Gottschalk said. “It’s an exciting moment as we look to strengthen our efficiencies and competitive edge through the dual presence in fintech startup hubs London and Silicon Valley, and to capitalize on transatlantic flows.”

“Chris’ notable VC experience, combined with Manuel’s CVC success and knowledge of the banking landscape, means that Santander InnoVentures will continue to grow into a leading global fintech fund where entrepreneurs feel supported and confident they are partnering with the best bank for them,” Santander chief digital and innovation officer Lindsey Argalas said.  

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