Germany’s Dr Neuhaus hires fourth partner

Paul Jozefak, an investment director at software group SAP, is joining Dr Neuhaus, a Hamburg-based venture capital firm, as a partner later this year.

Dr Neuhaus Techno Nord, a German early-stage venture capital firm, has hired Paul Jozefak as a partner.
Jozefak, 31, joins in September as the fourth partner in the Hamburg-headquartered firm, alongside Pablo Fetter, Matthias Grychta and founder Gottfried Neuhaus.
For the past six years, Jozefak has been an investment director at global business software group SAP, where he has been responsible for European venture capital investments. During that period he has worked on 15 technology investments and several exits.
Before SAP, Jozefak was European business development director at international law firm Davis Polk & Wardwell in New York and Frankfurt. He began his career in the software industry in the mid 90s when he worked as a consultant at Andersen Consulting.
Founded in 1998, Dr Neuhaus Techno Nord has made 35 investments in the information and communications sector. The firm is currently raising a €100 million fund ($127 million), Incom III, which received a €30 million commitment from the European Investment Fund last November.