Germany-based media group Bertelsmann has promoted Jan Borgstädt (pictured) to head of Europe for its local corporate venturing unit.

The Bertelsmann Digital Media Investments (BDMI) unit has also committed to its third seed-stage investment fund managed by third parties and been expanding its separate Asian corporate venturing operation.

On his LinkedIn page, Borgstädt said he been promoted after nearly four years as principal to head of European ventures at BDMI at the start of the month. Urs Cete remains head…