Asset Manager

Updated:

PUBLIC

PUBLIC is a digital transformation partner committed to helping the public sector turn innovative ideas into practical solutions.

PUBLIC

PUBLIC is a digital transformation partner committed to helping the public sector turn innovative ideas into practical solutions.

General information

Firm type

Generalist

Year founded

AUM

Undisclosed

Location

Region

Europe

Country

United Kingdom

City

London

Corporate office

London, United Kingdom

Principals

Daniel Korski

CEO and Co-founder

Alexander de Carvalho

CIO and Co-founder

Ryan Shea

Managing Director of PUBLIC UK

Marta Krupinska

Entrepreneur-in-residence

Sector focus

Enterprise SoftwareAI/MLCybersecurityGovernment Technology

Frequently asked questions

Who makes investment decisions at PUBLIC?

Alexander de Carvalho and Daniel Korski lead the firm as co-founders, with de Carvalho serving as CIO. Daniel Korski serves as CEO and brings operating experience from his time as Deputy Head of the No. 10 Policy Unit under David Cameron. The specific investment committee structure beyond the founders is not publicly detailed.

How does PUBLIC generate deal flow?

PUBLIC generates propietary deal flow through its government accelerator programs. For example, it collaborated with AWS to run a defense accelerator, directly scouting and mentoring 10 high-quality startups for the UK Ministry of Defence. The firm's deep public-sector advisory work also surfaces startups that are actively solving government procurement challenges.

Is PUBLIC an investment firm, a consultancy, or a startup accelerator?

It is a hybrid of all three. PUBLIC makes venture investments via its own balance sheet into early-stage technology companies, operates government-backed accelerators, and delivers digital transformation consulting services to public sector bodies. The joining with Solita further expands its consulting and implementation capacity.

Where does Alexander de Carvalho's capital come from?

Alexander de Carvalho is the son of Charlene de Carvalho-Heineken, the controlling shareholder of Heineken N.V. He serves as a Non-Executive Director of Heineken N.V. His personal and family wealth provides a permanent-capital base that underpins PUBLIC's investment and operational activities.

What is PUBLIC's relationship with the Heineken company or family office?

PUBLIC is not the Heineken family office. It is a separate entity co-founded by an heir to the fortune. While Alexander de Carvalho's family wealth is the likely source of the firm's balance-sheet capital, the firm operates independently as a government-technology focused asset manager and consultancy in London.

What kind of government technology projects does PUBLIC work on?

PUBLIC's work spans security and online safety, local government digitalization, and open innovation programs. It conducted a three-year evaluation of 60-plus local government digitalization programs for the UK's DLUHC and ran an AWS defense accelerator that scouted startups for the UK Ministry of Defence.

Which sectors does PUBLIC invest in?

PUBLIC focuses on enterprise technology companies that serve the public sector, with emphasis on digital and technology services, security and online safety, and workforce transformation. The firm does not publicly disclose a specific list of excluded sectors, but its mandate appears tightly bound to government and public-service adjacent technology.

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