MM

Mukul Mohanty

Senior Partner at Truffle Capital

London, England

Overview

Work Experience

  • Senior Partner

    2024 - Current

    Truffle Capital is a prominent private equity firm with over 20 years of experience in pioneering radical innovations. The firm has raised over €1.1 billion in assets under management and supported 68 companies, focusing on early to late-stage investments in MedTech, BioTech, and BioEcoTech sectors. Truffle Capital's business model is built on proprietary deal flow and high ownership stakes, emphasizing intellectual property and market needs. They have a hands-on approach, assisting in recruitment, investment, product development, and marketing. The firm has a strong track record of successful exits through trade sales and IPOs

  • Advisory Board Member

    2023

    Pall Mall Family Office has three priorities: transparency, uncompromising service and the interests of the families it serves. Innovative, liberating, uncomplicated, it can manage every element of your life through a unique private office.

  • Venture Partner

    2023 - 2024

    Built Ventures and The Venture Studio (formerly known as Nova Growth Capital), a business builder with day-zero investment philosophy at their core. Built Ventures is one of the most well established business builder in the UK focusing on offering entrepreneurs and industry experts a unique proposition: resources, expertise, and guidance in lieu of traditional capital infusion. The Venture Studio is our entrepreneur programme where we have an exceptional team of over 150 international experts, advisors and resource providers to provide the essential framework for entrepreneurs to thrive.

  • Partner

    2022 - 2023

    Conviction VC invests in high-growth, post-revenue B2B SaaS businesses (>USD1bn market). Our approach: early-stage focus, private deals, portfolio allocation, and strategic side car investments, offering flexibility. Since 2017, they've deployed $100m+ across 20 companies. Merged with Passion Capital in 2023.

  • Venture Partner

    2020 - 2022

    Zybra Capital supports Impact and Innovative Business Secure Growth Capital. Our offices are based in Germany, where we support bespoke IP Based and Asset Based Businesses secure non dilutive funding from stakeholders. Focus on health tech, deep tech, impact investing, sustainability and climate change. Team in the UK focusses on Series A onward raises and investments for specialist projects.

  • Head Of Investment

    2017 - 2020

    Mukul is responsible for raising second round of funding (Series A) for Intelligent Power Generation. He has responsibility of devising the Investment Strategy for the business and prepare them for the next round of funding. Intelligent Power Generation builds new clean technology from state of the art turbines for power generation to regenerators for maritime and road transport. Intelligent Power Generation is a Clean Tech Business that has developed a state of the art turbine platform that it uses in many applications. Two key applications are Static Power Generation and Freight Transport Range Extender. The Static Power Generation is a 300KW turbine that is currently under development with a prototype testing in January 2018. The Freight Transport Range Extender is a 100KW and 65WK near nil nox, multi fuel range extender for electric trucks and buses ranging from 3.5t to 44t.

  • Investment Director

    2017 - 2020

    The Clean Gas Company (“CGC”) is a cleantech and project development company that has its own innovative patented modular thermolysis technology (combined pyrolysis and gasification). Mukul is responsible for developing, wrapping and raising finance for CGC Projects. His aim is to deliver to funds a project wrap with an end to end delivery from development to build to operate and transfer. In addition, Mukul is also responsible for raising project finance for projects in the US for CGC's US Joint venture Carbon Recovery Systems.

  • Management Buyout

    2016 - 2017

    Mukul Mohanty pursued the acquisition of Astoria’s Fund Management Company (Astoria Organic Matters GmbH & Co Kg) its two portfolio businesses Astoria Organic Matters UK Limited and Astoria Organics Canada Limited. Mukul bid for the acquisition of the Astoria Organic Matters GmbH & Co Kg in Germany backed by a Private Equity Fund. The bid was matched by and awarded to an existing shareholder and creditor of the fund. Mukul, in partnership with UK’s leading independent infrastructure and private equity investment manager, bid to acquire Astoria Organic Matters Canada LLP from Business Development Bank of Canada, who had called in BDO to find a buyer for an 80,000 in vessel composting plant with a 50,000 permitted transfer station. The final buyer was an existing renewables SusGlobal Energy for USD6m.

  • Managing Director

    2013 - 2016

    Headed Astoria UK, a part of Astoria Private Equity (Astoria Invest AG) 4th global office. Responsible for day-to-day Astoria’s UK operations, developing the Astoria Brand in the UK, liaising with trade and industry bodies. Oversee the planned investment of more than £30m in the UK over the next 3 to 5 years across 2-3 specific investments. Focused on developing renewables project including Energy from Waste, Biogas/AD, in-vessel composting, landfill, MRFs and Waste Collection businesses. Identified and originated investments opportunities for Astoria Private Equity within the organic renewables sector. Devised UK investment strategy including type, structure and form of the flagship investment. Sourced greenfield/brownfield projects and joint ventures with existing operators in the UK. Principal responsibility of all aspects of transaction including managing commercial, financial, environmental and legal due diligence processes.

  • Associate Partner

    2012 - 2013

    Co-founded MB Williams focused on providing strategy and advisory services to aerospace and defense firms. Led on cross-border projects including strategic campaigns and post acquisition integration support Specialised in providing advisory support for specific campaigns and initiatives. Focussed on helping Primes and SMEs with an entry strategy into new markets. Provided Solutions including product commercialisation, market strategy, business development for clients.

Relevant Websites