CEO of Mangrove Capital Partners and the Chairman Of Wix & K Health
Mark is the Chairman of Wix, the world’s largest website building company and is the Co-Founder and CEO of Mangrove Capital Partners, a leading venture capital firm. Mark is a seasoned investor, with notable successes including being the first investor in Skype, which was sold in 2005 to eBay and Wix, currently trading on the NASDAQ. Mangrove has invested in over 150 companies and counts among its portfolio such rising stars as K Health, RedPoints, Adverity, Brain Space, The Bank of London, Flo and TailorBrands. Mangrove manages over $1 billion across 6 funds from its home base in Luxembourg.
Mark currently serves on the board of directors of K Health, Red Points and the Bank of London, and is an advisor to Mubadala, an Abu Dhabi sovereign fund. Mark holds a Bachelor of Arts degree with honours from Eckerd College as well as an honorary doctorate from the same university. Mark has appeared on BloombergTV and CNBC, been quoted in Forbes, WallStreet Journal and Globes and has published in the Financial Times.
Mark is an outspoken commentator of the tech industry. In April 2015 he called most Unicorns “fakies” suggesting that valuations had gotten ahead of themselves and that most Unicorns would not make it. In April 2016, Mark turned his attention against the Fintech space suggesting that were in a midst of a “Fintech Mirage”. He has recently been highly critical of the “Gig economy” suggesting that such models are ethically questionable.
Mark grew up in Africa and Egypt, went to university in the US and has lived in Luxembourg for more than for 30 years, integrating values of ambition, humility and open-mindedness along the way. He spent the first 10 years of his profession career at Arthur Andersen in Luxembourg, before deciding to embrace the Internet revolution and start his own Venture Capital firm, focussed on making early stage investments into companies operating in Europe and Israel.
Mark is interested in weird ideas. In fact, the weirder, the better. He engages with entrepreneurs who want to disrupt the norm and change the world.