Deutsche Telekom Capital Partners (DTCP), a provider early- and late-stage venture capital, private equity and strategic advisory services to the technology, media and telecommunication sectors, has appointed Jack Young as the firm's Partner in charge of global venture operations.
DTCP has also opened a new US office on Sand Hill Road in Menlo Park, California.
Young served previously as the Managing Director responsible for North America at Qualcomm Ventures, the investment arm of Qualcomm Inc., where he oversaw venture investment and portfolio management for the region. He previously headed Qualcomm Life Fund and built it into one of the most active and visible venture funds in digital health, and launched dRx Capital AG, a joint investment company by Qualcomm and Novartis. Young's most notable investment is Fitbit, which went on to IPO in June of 2015.
In his new role at DTCP, Young leads global venture investment with a team of investors covering Europe, US and Israel. He will be directly sourcing and making investments in the US.
"DTCP has established a solid global presence and infrastructure, which allows the venture team to identify and back the most promising start-up companies in our target regions," says Young. "I look forward to leveraging my expertise to DTCP's structured and systematic approach to investing, and creating value for our portfolio companies and limited partners."
Young's other investments include Airstrip, AliveCor, ClearCare, Doctor On Demand, goBalto, Jana, Omada, Telcare and Welltok, and other exit includes Validity (acquired by Synaptics). He was recently ranked No2 on the 2016 top 20 rising star list by Global Corporate Venturing. He will be based out of DTCP's US office on Sand Hill Road in Menlo Park, Calif.
"Jack brings great balance between foresight and a structured investment approach to our venture capital operation," says Vicente Vento, CEO of DTCP. "With his unique qualification and proven track record in building funds and reputable brands, we welcome Jack to our $2 billion investment platform."
