Target Partners, the Munich-based venture capital firm, has announced the appointment of Olaf Jacobi as a new partner.
Target Partners, the Munich-based venture capital firm, has announced the appointment of Olaf Jacobi as a new partner.
Jacobi has been a venture partner at Target Partners for the past two years.
‘As a repeat entrepreneur with several start-ups under his belt, and as an angel investor in technology companies, Olaf brings essential skills to our team’, says Waldemar Jantz, partner at Target Partners.
Jacobi adds: ‘For me Target Partners is one of the leading early stage venture capital funds in Germany. Given our new fund and the enlarged team, I’m confident we have ideal conditions to invest successfully in fast growing companies.’
In the past Jacobi has invested as a business angel in young IT and Internet companies. In 2005 he founded Collax, a provider of Linux Server Systems for mid-market companies, where he remained chief executive through the end of 2006.
Previously he was an investor and CSO at Cobion (IT Security Software), which was successfully sold in 2004 to ISS Internet Security Systems (Atlanta).
From 1999 to 2002 he was an executive board member at ACC. From 1992 until 1999 he held several management positions in the IT sector, including SVP Marketing and managing director at Minolta.
