Target Partners hires new venture partner

Gumpinger is an entrepreneur who previously worked at Target Partners in 2008 as an associate.

He subsequently founded mobile social gaming platform Scoreloop, which received seed funding from Target in April 2009. The VC drew down capital from its second fund, a 2009 vintage vehicle that closed on €113m, just shy of its target of €120m. The fund initially invests between €1-3m, providing up to €8m in total.

In August that year, Scoreloop received a further €2m from both Target and Earlybird. Less than two years later, Gumpinger sold the company to Research in Motion (RiM – Blackberry) but remained as CEO until earlier this year. He also became a senior director for gaming platforms at RiM.

Target invests in companies in the IT, internet, media, telecommunications, alternative energies, cleantech and nanotechnology sectors in the German-speaking region. Its latest investment was in Finanzchef24 in June this year. Target first backed the online financial services company in January 2013 with €2m, before investing in the €4m series-B alongside Mercura Capital.

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