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Marc Gumpinger - new Venture Partner at Target Partners

Scoreloop co-founder and CEO joins the technology venture capital firm

Munich, October 8, 2014: Venture capital firm Target Partners (www.targetpartners.de) is bringing Dr. Marc Gumpinger (twitter.com/mgumpinger, linkedin.com/in/mgumpinger) on board as a new Venture Partner.

Gumpinger, a successful serial entrepreneur, will support founders of new businesses with his experience and contacts. As a founder and CEO, Gumpinger himself previously received financing from Target Partners. He developed the mobile social gaming platform Scoreloop into a global market leader. Gumpinger's sale of the company to RIM (BlackBerry) in 2011 was one of the most successful exits of a German tech startup in recent years.

"Marc is an experienced and successful serial entrepreneur who knows the scene very well, both as a company founder and also as an investor. His internet, mobile and software experience is a perfect match with our focus on technology startups. Welcome back!" said Olaf Jacobi, partner at Target Partners. Gumpinger was employed as an associate at Target Partners in 2008 before he co-founded Scoreloop AG.

"I am delighted to be part of a leading venture capital investment team. At Target Partners I can pass on my experience as a startup founder: from the initial idea, through expansion, to the final sale of globally successful startups," said Gumpinger, commenting on his new role.

About Target Partners

With €230 million under management, Target Partners is one of the leading early-stage venture capital firms in Germany. Target Partners invests in new startup and early-stage companies, and supports them with venture capital during their build-out and expansion phases. With many years of experience as managers, entrepreneurs and venture capitalists, the team at Target Partners supports entrepreneurs in developing and marketing products and services, building organizations, raising money and taking companies public in Europe and the United States.

For more details: www.targetpartners.de, follow us on Twitter: twitter.com/targetpartners or Facebook: facebook.com/targetpartners.

Press contact Target Partners:

Sprachperlen GmbH Agency for enterprise communication Helena Pröpster Ehrengutstraße 5 80469 Munich, Germany Tel.: +49 89 411 53 199 Email: targetpartners@sprachperlen.de

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Combined Years of investments in enterprise tech start-ups

40+

Years of combined experience in software development and R&D