Jack Young Joins DTCP as Partner, Head of Venture Capital

Young served previously as the Managing Director responsible for North America at Qualcomm Ventures, the investment arm of Qualcomm Inc., where he oversaw venture investment and portfolio management for the region. He previously headed Qualcomm Life Fund and built it into one of the most active and visible venture funds in digital health, and launched dRx Capital AG, a joint investment company by Qualcomm and Novartis. Young's most notable investment is Fitbit, which went on to IPO in June of 2015.

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 has established a solid global presence and infrastructure, which allows the venture team to identify and back the most promising start-up companies in our target regions," said Young. "I look forward to leveraging my expertise to DTCP's structured and systematic approach to investing, and creating value for our portfolio companies and limited partners."

Young's other investments include Airstrip, AliveCor, ClearCare, Doctor On Demand, goBalto, Jana, Omada, Telcare and Welltok, and other exit includes Validity (acquired by Synaptics). He was recently ranked No. 2 on the 2016 top 20 rising star list by Global Corporate Venturing. He will be based out of DTCP's U.S. office on Sand Hill Road in Menlo Park, Calif.

"Jack brings great balance between foresight and a structured investment approach to our venture capital operation," said Vicente Vento, CEO of DTCP. "With his unique qualification and proven track record in building funds and reputable brands, we welcome Jack to our $2 billion investment platform."

About Deutsche Telekom Capital Partners

Deutsche Telekom Capital Partners (DTCP) is Deutsche Telekom's investment management group. With more than $2 billion under management, and a portfolio of more than 70 companies, DTCP provides early- and late-stage venture capital, private equity and strategic advisory services to the technology, media and telecommunication sectors. Operating as a bridge between Europe, Silicon Valley and Israel, the company connects people, capital, and ideas to accelerate innovation and provide value to its portfolio companies, its limited partners and the connected world. For more information, please visit http://www.telekom-capital.com/.

Deutsche Telekom Capital Partners Management GmbH ("DTCP") in no way guarantees that the information made available in this press release is complete, accurate or up-to-date in all cases. This also applies to any links to other websites. DTCP shall not be held responsible for the contents of a page accessed via such a link. DTCP reserves the right to amend, supplement or delete the information supplied without prior notice.

In making information available in this press release, DTCP does not establish the basis for any offer for information, consulting or similar contractual relationships. Further, the information in this press release does not constitute an offer to sell or the solicitation of an offer to buy any securities and should not be relied upon in connection with any investment decision. In no event shall DTCP be liable for any damage whatsoever resulting from loss of use options or data loss in connection with the use of documents or information and/or from the performance of services available in this press release.

With the exception of historical information, the matters discussed in the materials and documents on this website are "forward-looking statements". These forward-looking statements rely on a number of risks, uncertainties or other factors, many of which are outside DTCP's control, which could cause actual results to differ materially from such statements. Visitors to this press release are cautioned not to put undue reliance on these forward-looking statements. DTCP disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

DTCP Media Contact:
Tiffany Peng
[email protected] 
(650) 762-2983

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SOURCE Deutsche Telekom Capital Partners

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