Shah Rajan

Principal at Forestay Capital investing in B2B enterprise software across Europe; previously head of strategic finance at Hopin and an investor at AXA Venture Partners.
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Jannat Shah Rajan is a principal at Forestay Capital, the enterprise software fund of B-FLEXION, the Bertarelli family's investment firm. She joined in October 2023 and works on Series A through C investments across Europe, focusing on B2B software companies leveraging AI and data.

She moved into venture capital after operating roles at two scaling tech companies. As head of strategic finance at Hopin, she joined during the company's pandemic-era surge to a multi-billion dollar valuation, and went on to lead the finance function at Lean Technologies, a fintech infrastructure provider in the Middle East. Earlier in her career she spent three years as a venture and growth capital investor at AXA Venture Partners, having started in investment banking at Deutsche Bank covering corporate finance.

Shah Rajan holds an MSc in Managerial and Financial Economics from HEC Paris and an undergraduate degree from Imperial College London. She was a Newton Venture Fellow in 2023, the programme that supports the next generation of investors in European venture.

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