Lion Capital’s Nordby Starts Flume Ventures, Seeks $100 Million

Lion Capital LLP partner Matt Nordby is leaving his full-time post at the private equity firm to form Flume Ventures, which plans to invest in enterprise technology companies, according to people with knowledge of the matter.

Incline Village, Nevada-based Flume plans to invest a portion of profits in the state to help develop the region’s technology hub, said one of the people, all of whom requested anonymity.

Verishop Chief Executive Officer Imran Khan, who has held senior roles at Snap Inc., Credit Suisse Group AG and JPMorgan Chase & Co., and Scott McNealy, co-founder of Sun Microsystems, are ...