London-based VC and prominent angel investor Stefan Glaenzer is waiting for sentencing after pleading guilty to sexual assault.
He appeared in the Westminster Magistrates Court, as reported by the Evening Standard today, accused of sexually assaulting a woman in the London Tube network.
Glaenzer, 51, who worked as a professional DJ for 15 years before going into the investment world, claimed that he had taken drugs at the time. “He does not come to offer excuses for his actions, but simply to bring to the court’s attention that this matter happened in fact he had taken cannabis,” his defence is reported to have said. “He has lost his good character that he has maintained for his entire life.”
The court confirmed to VentureVillage that Glaenzer pled guilty, and was released on bail until 20 December. He will have to sign the Sex Offenders Register in the UK.
Glaenzer is a founding partner of Passion Capital and co-founder of White Bear Yard, an incubator space in London. He holds a PhD in foreign exchange risk management and is a prominent early-stage investor in Europe’s startup and tech scene, including investing in and becoming chairman at Last.fm, which earned him £22 million for his stake when the business was taken over by CBS Radio in 2007.
More recent investments through Passion Capital include Loopcam, EyeEm, Readmill in Berlin, and Tripbirds and Flattr in Sweden.
Image credit: Flickr user Picklive