Peter Jungen holds an MBA from Cologne University, Germany. Starting his career in industry, he became CEO of Strabag AG, one of the largest European civil engineering groups, in 1987. After a successful turnaround of Strabag AG, he founded Peter Jungen Holding GmbH in 1991, which holds investments in various industrial and service companies.
Mr. Jungen co-founded, or invested in, numerous start-ups in Europe and the United States, including Idealo Internet GmbH, the leading German price-comparison shopping platform. He is Founding President of Business Angels Netzwerk Deutschland and Co-Founder and President of European Business Angels Network. He is also a member of the New York Angels and a founding member of the China Business Angels Network.
He is a member of several Advisory Boards, including Deutsche Bank AG, Foster & Partner and the New York Philharmonic. In August 1999, he was awarded the Grand Cross of the Order of Merit of the Federal Republic of Germany by its President, Johannes Rau.