Deutsche Telekom Capital Partners (DTCP), Deutsche Telekom’s investment management group, added Jack Young as Partner in charge of global venture operations.
Young served previously as the Managing Director responsible for North America at Qualcomm Ventures, the investment arm of Qualcomm, where he oversaw venture investment and portfolio management for the region. He previously headed Qualcomm Life Fund and launched dRx Capital AG, a joint investment company by Qualcomm and Novartis.
In his new role at DTCP, Young leads global venture investment with a team of investors covering Europe, U.S. and Israel. He will be directly sourcing and making investments in the U.S. DTCP also announced the opening of its new U.S. office on Sand Hill Road in Menlo Park, Calif..
Led by Vicente Vento, CEO, Deutsche Telekom Capital Partners provides early- and late-stage venture capital, private equity and strategic advisory services to the technology, media and telecommunication sectors. With more than $2 billion under management, and a portfolio of more than 70 companies, the firm operates in Europe, Silicon Valley and Israel.