Daniel Nevidal
Founder and Senior Partner
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- Full Name
- Daniel Nevidal
- Title
- Founder; Chief Executive Director / Chairman of the Management Board, InterCapital Group
- Firm
- InterCapital (INTERKAPITAL d.d. / InterCapital Group), Zagreb, Croatia
- Firm Type
- Investment bank, asset management and capital-markets group (the "Angel Investor / Seed Round" label in the stub is not corroborated by primary sources — see Background and Thesis below)
- Investment Stage
- Not evidenced as a startup seed/angel investor; his verified activity is institutional — securities brokerage, private banking, M&A advisory, and fund/asset management
- Sector Focus
- Financial services, capital markets, public equities, fixed income, ETFs, fund management
- Geographic Focus
- Croatia and the wider Adriatic / SEE region (CEE)
- Location
- Zagreb, Croatia
Background
Daniel Nevidal is the founder and one of the principal owners of InterCapital, a Zagreb-based financial group he established in 2001 that grew into one of the largest players in Croatia's domestic capital market. He is listed across corporate filings as InterCapital's "Chief Executive Director / person authorised to represent the company" and as chairman of the management board of the holding entity INTERKAPITAL d.d. He co-built and co-owns the group alongside Tonći Korunić, who serves in vice-chairman / deputy roles across the group's companies.
The InterCapital Group spans several regulated businesses: InterCapital vrijednosni papiri (securities/brokerage), InterCapital Asset Management (fund management), InterCapital ETF, and InterCapital Digital Wealth Management. The firm's activities include securities trading, private banking, investment consulting, management buyouts, buy- and sell-side M&A advisory, fairness opinions, restructuring, and fund/portfolio software. Nevidal's own résumé, as captured by market-data aggregators, also lists prior roles as Managing Director of InterCapital Asset Management, a board member of ICH d.o.o., and a member of the Supervisory Board of the Zagreb Stock Exchange.
It is worth flagging a data discrepancy directly: the stub classifies Nevidal as an "Angel Investor" writing "Seed Round" checks. Public, primary-source evidence does not support that characterization. The verifiable record shows him as the founder/CEO of an institutional investment-banking and asset-management group, not as an early-stage startup angel. Note also that a separate entity called "ARC InterCapital" (a UK-based seed-stage VC firm) appears in some databases — it is unrelated to Nevidal's Croatian InterCapital and should not be conflated with him.
Investment Thesis & Focus
- Operates at the institutional / public-markets level rather than as a startup angel: securities brokerage, asset management, private banking, and corporate M&A advisory.
- Firm-level focus on Croatian and Adriatic-region capital markets — public equities, fixed income, and (via InterCapital ETF) regionally-listed ETFs.
- Growth strategy has been driven by consolidation and acquisition of fund books (buying and merging in competitors' assets) rather than venture-style early-stage bets.
- No publicly stated startup thesis, check size, or seed-stage criteria could be verified; treat any "seed round" attribution with caution and confirm directly before approaching him as an angel.
Notable Investments
- Founding of InterCapital (2001): Built one of Croatia's leading independent capital-markets and asset-management groups.
- Acquisition of Generali Investments Zagreb (2023): InterCapital received regulatory approval to acquire 100% of Generali Investments d.o.o.; the acquired company was merged into InterCapital Asset Management (court decision Aug 2023, HANFA approval May 2023), taking over open-end funds worth roughly €20m+ in assets.
- Merger of Generali funds (Dec 2023): Generali Europa, Generali Energija and Generali Prvi izbor UCITS funds were folded into the InterCapital Global Equity fund.
- InterCapital ETF: Spun the ETF business into a dedicated company; Nevidal chairs its supervisory board (with Korunić as deputy and Matko Maravić as a member).
- Sale/merger of InterCapital Asset Management to Erste (2025): HANFA approved the merger of InterCapital AM into Erste Asset Management in Sept 2025; InterCapital funds were rebranded as Erste funds effective 7 Oct 2025.
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