Knorr Capital Partners

The German venture capital firm Knorr Capital Partners is cutting employee numbers in order to reduce costs. The firm is reducing 75% of its staff, CEO Thomas Knorr is also leaving. Offices facing closure are located in Switzerland, the Netherlands, the UK, Israel, Ireland, Hungary, the USA and Canada. Future operations will be carried out from offices in Munich, Eschborn and Montreal. In addition some portfolio assets are likely to be sold.

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