Venture capitalist Stefan Glaenzer denies sexual assault charge

The venture capitalist Stefan Glaenzer has denied sexually assaulting a woman bending over a dishwasher in a hearing at Westminster Magistrates Court.

Mr Glaenzer, 60, is accused of thrusting himself at the woman as she bent over the appliance at a co-working space near his Notting Hill home in June 2021.

He co-founded Passion Capital, a company funded by the taxpayer-backed British Business Bank.

Prosecutor David Burns told Westminster Magistrates’ Court that the venture capitalist allegedly came up behind the woman, “pushed his genitals forcefully into her buttocks and then walked away”.

Mr Burns said the assault took place at shared offices on Pembridge Road, Notting Hill.

Mr Glaenzer pleaded not guilty to one charge of sexual assault. When asked to choose trial before the magistrates or a Crown Court jury, he said: “I prefer Crown Court please.”

The German tech investor, of Kensington Park Gardens, Notting Hill, wore dark jeans, a black jumper and an open-necked white shirt.

The hearing lasted just 10 minutes. Mrs Gay Cheyne, chair of the bench, granted Mr Glaenzer unconditional bail. He is set to appear at Isleworth Crown Court on 12th May for a case management hearing.

Mr Glaenzer, a serial entrepreneur who made £23m when he sold the British start-up Last.fm, co-founded Passion Capital in 2011.

The business cut ties with Mr Glaenzer when the charge became public last week. It told the Telegraph it had “moved to sever any and all trailing contractual commitments that remained between him and our historic funds and activities.”

The company is one of Britain’s highest-profile startup funders, owning a $1bn (£760m) stake in Monzo bank as well as stakes in start-ups GoCardless and Marshmallow.

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