Schmitt worked at Sofinnova for nearly a decade and was promoted to the top rank in 2005 but late last month said on his LinkedIn page he had set up JoltTech Capital as a private equity investment firm targeting technology companies in Europe.

Jean Schmitt (pictured), a managing partner at Sofinnova Ventures, an independent venture capital firm based in France, has left ahead of its next fundraising to set up a new firm and before the expected flotation of a portfolio comapny also backed by corporate venturing units.

Schmitt worked at Sofinnova for nearly a decade and was promoted to the top rank in 2005 but late last month said on his LinkedIn page he had set up JoltTech Capital as a private…