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New Associate joins Target Partners’ Team

Munich, 13. September 2011: On September 1st, Markus Grundmann joined Munich based venture capital firm Target Partners as an Associate. Grundmann, who holds a masters in information management and earned an MBA from the University of Cambridge, will mainly be responsible for managing deal flow at Target Partners. He will also support the team by handling tasks related to Target’s portfolio companies.

“What attracted me to Target Partners was their broad experience in building up and financing startups. I’m also looking forward to working closely with the firm’s portfolio companies,“ said Grundmann. Between 2005 and 2011, the 33-year old served as a consultant at Accenture GmbH. Prior to that, he worked for two years at IBM Deutschland GmbH and Pinnacle Systems Inc. “Markus Grundmann brings operative experience in consulting and software development for small, medium and large enterprises to the table. This will help him assess investments and support our portfolio companies,“ said Kurt Müller, Partner at Target Partners.

About Target Partners:

With EUR 225 million under management, Target Partners is one of the leading early-stage venture capital funds in Germany. The firm invests in start-up and early stage companies and supports them 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

Press contact Target Partners:

Sprachperlen GmbH Agentur für Unternehmenskommunikation Helena Horak Am Glockenbach 3 80469 München Tel.: +49 (0)89 411 53 1 Fax: +49 (0)89 411 53 200 mail: helena.horak@sprachperlen.de

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Combined Years of investments in enterprise tech start-ups

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Years of combined experience in software development and R&D