The founder and CEO of our portfolio company AuctionTech, Jan Thiel, is a real cosmopolitan, not only in his private life. After graduating from high school, he moved to France, England and Spain, where he completed his Masters in Management (ESCP-EAP) and afterwards his MBA (INSEAD). Meanwhile, after various positions as a Business Development Manager at the international mobile phone provider Orange and after 9 years as a Strategy Consultant at McKinsey in London, Jan speaks five languages and has travelled to over 60 different countries. In 2012, this path finally led him to Auctionata, the world’s largest online auction house for art and luxury goods, which he co-founded and managed for five years, where he was instrumental involved in international expansion and building up global partnerships. When the Auctionata Group had to be wound up due to a failed takeover of an US competitor, Jan saw this unfortunate situation as an opportunity to lift Auctionata's unique technical legacy and rebuild it together with its former core team in a new start-up as a pure software provider. With the help of German Startups Group, which bought the technology IP out of the Auctionata insolvency estate, Jan and his team succeeded in founding today's AuctionTech, successfully expanding the former core product of Auctionatas to other segments such as real estate auctions.
“When it came to the point of founding a second start-up together with an investor, German Startups Group was at the top of the list! Above all, the entrepreneurial spirit, the outstanding network and the unrestricted and pragmatic support are what distinguish German Startups Group and its team.”