People Make the Difference
Lars joined Damgaard Company in 2007 with 18 years of experience from auditing and financial management. He has since complemented his foundation with executive programs at INSEAD. Each year several hundred investment proposals pass through Lars’ hands. A carefully selected few proceed to the more elaborate review process before the final investment decisions are made.
Lars is Mr. Compliance at Damgaard Company. Compliance is the term covering the cumbersome work of developing the formal documents that accompany our investments. From decades of experience working with operational business development we have some very good ideas of what might happen on the path to success. We believe that making clear agreements upfront allows for a much smoother life later on. Just like prenuptial agreements are easier to make before you get married.
Growing companies faster than the market always create challenges in the back-office. Lars often lend a helping hand when a portfolio company is in need of CFO-assistance.
Preben started Damgaard Data with his brother Erik in 1984 and grew the company to become a leader in the market for ERP software to small and medium sized enterprises.
After a successful IPO in 1999 the company merged with Navision Software in 2000 and was acquired by Microsoft in 2002 for $1.45B. In 2003 Preben turned Damgaard Company into a business angel activity.
Read more: Preben Damgaard Started from Scratch