GERMANY - Cipio promotes Dennert to partner

Roland Dennert has been promoted to partner of Cipio Partners in Munich. Cipio managing partner, Werner Dreesbach, said: 'Roland has successfully managed a number of our European and Israeli investments and made major contributions to the development of portfolio companies such as Jungo, Ipanema Technologies and Bitboys since joining our team last year. We are delighted to see the traction Roland has developed and positive reception from our portfolio companies to his leadership.'