Tim Stracke, CEO of Chrono24 GmbH, has joined Munich venture capital firm Target Partners as a Venture Partner. At Target Partners, the serial entrepreneur and business angel will focus on startups and business concepts in the areas of ecommerce and software.
“I look forward to helping Target Partners build up a network with key Web and software companies in the Frankfurt Rhine-Main region and the Karlsruhe area, with the goal of identifying promising investment opportunities,“ says Stracke (37) who, since 1999, has co-founded, led and sold a number of Internet companies including mentasys GmbH and Wohnen im Alter GmbH.
Stracke has also been active as a business angel, taking shares in Internet startups and advising company founders on strategy, finance and marketing/sales. Since 2010 he has also served as Co-CEO of Chrono24 GmbH, an Internet platform for luxury watches, where he took on the role following a management buyout of the company.
Stracke, who has a degree in industrial engineering and management, also continues to support and advise Internet startups and is active on various supervisory and executive boards.
“With the addition of Tim Stracke, we continue to expand our venture partner program at Target Partners. Tim brings extensive entrepreneurial and business angel experience and has an excellent network in the German ecommerce scene,” says Berthold von Freyberg, Partner at Target Partners.
