Charles d'Ursel

CFO of Citymapper until its recent sale to Via

12y+ experience in investment banking and finance in tech startups.


CFO of Citymapper, transit app backed by Benchmark, Index Ventures and Balderton, until its sale and integration into Via in 2023.

  • Supporting the founder on fundraising, board & M&A matters.
  • Owner of the corporate model, including actuals, forecasts, budgets, and company-wide weekly/monthly/annual metrics.
  • Supported the launch of B2C and B2B business models.
  • Built the core finance and strategic finance functions from scratch.…
Charles d'Ursel

Work

Experience

  • Via Transportation

    Via Transportation

    Strategic Finance - Citymapper Integration

    Mar 2023 - Aug 2023

    Via is the global leader in TransitTech software (B2B), powering co-effective shared transport in urban areas around the world. $3.5bn valuation as of last raise in February 2023, backed by BlackRock, Janus Henderson, 83North and Exor.

    • Via acquired Citymapper in March 2023. Worked on the integration of the financial, business and organizational systems and reporting, and the definition of the combined GTM strategy.
  • Citymapper

    Citymapper

    Chief Financial Officer

    Oct 2017 - Aug 2023

    Citymapper is the multimodal transport app designed for urban areas (50m+ app users globally), focusing on public transport and sustainable modes of transport. Its technology is licensed to city operators to further accelerate the transition to net zero (B2C + B2B business models). $60m raised from Tier 1 investors including Benchmark and Index Ventures.

    • Part of the Executive Team reporting to the Founder/CEO, leading Finance, Analytics and Operations.
    • Fundraising, corporate development, board meetings and investor relations. Led multiple rounds of funding and the M&A process that resulted in the sale of the company to Via in March 2023.
    • Owner of the corporate model, including actuals, forecasts, and company-wide weekly/monthly/annual metrics.
    • Supported the launch of B2C and B2B business models, reaching $20m+ ARR: - B2C: advertising and affiliate models, app and mobility subscriptions. - B2B: SDKs, APIs and enterprise features licensed to tech companies, cities and public transport agencies.
    • Quarterly and annual budget made in collaboration with department leads, including AWS cost optimization with the Engineering Leads.
    • Built the company-wide compensation structure (salary + stock options), involved in quarterly reviews and new hires calibration. The team grew from 40 to 100 staff members (incl. 20 international contractors) during my tenure at the company.
    • Managed a team of 3 finance professionals: a controller and an assistant responsible for the financial accounts and audits, tax filings, monthly invoicing and payments, and an ex-investment banker focused on Strategic Finance. Worked closely with legal.
    • Joined Citymapper as the 2nd finance hire in October 2017, promoted to Head of Finance & Analytics in July 2019, and and to CFO in September 2020.
  • ING Bank

    ING Bank

    Investment Banking

    Sep 2010 - Jun 2017

    ING is the leading bank in Benelux.

    • Mergers & Acquisitions at ING Corporate Finance. Advisor to Shareholders, CEOs and CFOs concerning sell/buy-side opportunities (business plan building, enterprise valuation, market research and due diligence).
    • Promoted to Associate in 2015, experience in various sectors including Retail, Life Sciences, TMT, Logistics, Construction and Utilities.
    • The team was elected ‘Benelux M&A Financial Advisor of the Year 2016’ by MergerMarket.
    • First 2y in the fast track graduate programme including several rotations within ING Group, including in Corporate Lending, M&A Advisory, Corporate Clients (Natural Resources sector), as well as an intensive financial and leadership training.
  • Solvay Brussels School of Economics and Management

    Solvay Brussels School of Economics and Management

    Master in Finance, Bachelor in Business Engineering.

    Sep 2005 - Aug 2010

    Leading Business School in Belgium.

    • Master in Finance, Bachelor in Business Engineering.
    • Student Project as Strategy Analyst at the Boston Consulting Group (BCG).
    • Extra-curriculum: Member of Staff at Les Scouts ASBL (3 years managing 50+ scouts) and at Les Equipes Saint-Michel ASBL (2 years coordinating a group of 300+ handicapped people and students during weekends and summer camps).

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