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Olaf Jacobi moving on from Target Partners

Munich, October 20, 2015: Olaf Jacobi (twitter.com/olafjacobi, www.linkedin.com/in/olafjacobi, www.facebook.com/olafjacobi) is leaving Munich-based technology venture capital firm Target Partners (www.targetpartners.de) to pursue new career opportunities following 16 years of experience in the start-up ecosystem as a founder, business angel and venture capital investor. Olaf's departure will occur gradually over the coming months in order ensure an optimal transition for his portfolio companies, which include adjust, adsquare, dedrone, doo and hetras.

"We're grateful for Olaf's contributions to Target Partners over the past 8 years and wish him much success in the future," said Waldemar Jantz, Partner and co-founder at Target Partners. "Olaf made a number of great investments and was instrumental in positioning Target Partners in the German start-up scene as the premier address for technology investments."

"My thanks", said Olaf Jacobi, "go out to all the companies in which Target Partners invested over the past 8 years, and who had trust in Target Partners and in me as a Partner. I am pleased about the many mutual successes, will keep my fingers crossed for every team, and will maintain my amicable ties with my colleagues at Target Partners. Now I'm very excited to support the start-up ecosystem in a new role."

Olaf's investments at Target Partners included the energy management start-up JouleX, where he played a major role in the early flip of the company into the USA. The successful exit to Cisco followed in 2013 (www.gruenderszene.de/news/cisco-joulex-exit).

About Target Partners

With €300 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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Years of combined experience in software development and R&D