Facebook's European director quits to join White Star Capital

Facebook's UK and pan-European director, Christian Hernandez has left the company to join tech investment firm White Star Capital full time.

White Star Capital was founded in 2007 by angel investor Eric Martineau-Fortin to bankroll early stage technology companies.

Hernandez combined his investment portfolio with Martineau-Fortin's under the White Star Capital umbrella last year. The firm's current twenty strong portfolio includes blog following service Bloglovin' and film discovery service Mubi.

The firm's biggest successes include text summarising tool Summly, the creation of then 15-year-old Nicholas D'Aloisio-Montilla, bought by Yahoo for $30 million (£19.85 million) in 2011, and video game company Ludia, which was bought by FreemantleMedia.

Explaining his decision on Facebook, Hernandez said: "Some 1,350 days ago, I walked into Facebook for what has been one of the most amazing rides of my professional career. I have been able to work with and learn from some of the most amazing minds in tech, and have loved working alongside companies seeking to innovate on top of the Facebook Platform and see them scale globally.

"The timing, however, is now right to put my passion for entrepreneurship and working with early-stage startups to use in a new way. In a few weeks I will leave Facebook and join my longtime friend and investment partner Eric Martineau-Fortin to scale out White Star Capital."

As part of the move, both Martineau-Fortin and Hernandez will be managing partners. Moving forward, the duo plan to build a fund to invest in 20 new startups.

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