Target Partners taps Applause exec Wolter as newest venture partner


German venture capital firm Target Partners has brought in Jan Wolter as a venture partner after the rapid growth of software testing business Applause under his leadership.

Wolter, the managing director for Europe at Applause, will contribute his experience in enterprise software, the firm said.

He said, “As a founder, I came to appreciate Target Partners back in 2014. I was impressed with their focus on technology and enterprise software companies in the German-speaking countries.

“These are exactly the kind of startups that fascinate me.”

Target partner Berthold von Freyberg added, “Jan has deep insights into the rapidly developing enterprise software sector, which we and our portfolio companies can profit from.”

The firm has about €300m of capital under management across a trio of funds, most recently a €68m vehicle closed at the end of 2014.

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