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Matthew Scanlan
Chief Executive Officer & General Partner
Matthew Scanlan is a prominent entrepreneur and investor, currently serving as the General Partner and Co-Founder of Magic Hour Ventures, a seed-stage venture fund focused on sustainable consumer investments. He co-founded Magic Hour Ventures in January 2017, where he aims to support ideas that mitigate the environmental and social impacts of modern consumption, with interests spanning consumer goods, textiles, technology, and logistics.136
In addition to his role at Magic Hour Ventures, Scanlan is also the Chief Executive Officer and Co-Founder of Naadam, a company he established in 2015 that specializes in luxury cashmere products sourced directly from Mongolian herders. This innovative business model emphasizes fair trade practices and sustainability, allowing Naadam to offer high-quality cashmere at competitive prices.156 Under his leadership, Naadam has achieved significant financial success, reportedly generating over $100 million in annual revenue.7
Scanlan's background includes extensive experience in the investment sector. Before his ventures in fashion and sustainable business, he held leadership positions at various financial firms, including RS Investments and Barclays Global Investors. He has been recognized for his contributions to the investment community, holding a CFA charter and serving on several boards related to finance and education.24
His entrepreneurial journey began after a transformative trip to Mongolia, where he sought to disrupt traditional cashmere supply chains by purchasing wool directly from herders. This experience not only shaped his business philosophy but also inspired him to create the Naadam Bogd Fund, an NGO dedicated to supporting nomadic herding communities in Mongolia.56
Overall, Matthew Scanlan is known for his commitment to sustainability and ethical business practices, making significant strides in both the fashion industry and venture capital.

