He holds an MBA from Cologne University, Germany. Starting his career in industry he became CEO of Strabag AG, Köln 1987, one of the largest European Civil Engineering Groups. After a successful turnaround of Strabag AG he founded Peter Jungen Holding GmbH in 1991, which holds investments in various industrial and service companies.
Peter Jungen is Co-Founder of or Investor in numerous start-ups in Europe and in USA, including Idealo Internet GmbH, the leading German prize comparison shopping platform, Berlin. He is a Partner of the Halo Fund, Palo Alto.
He is Founding President of Business Angels Netzwerk Deutschland (BAND) as well as Co-Founder and President of European Business Angels Network (EBAN) (2001-2004). He is a member of the New York Angels and founding member of the China Business Angels Network (Cban).
He is Member of several Advisory Boards: i. e. Deutsche Bank AG, Frankfurt / Berlin, Foster & Partner, London and Board Member of the New York Philharmonic.
He is a Member of the IAC, Columbia University. He is Chairman of the MENA-OECD Enterprise Financing Network, a Member of the International Josef Schumpeter Society and of the Mont Pelerin Society. He was Chairman of the Center on Capitalism and Society, Columbia University
In August 1999 Peter Jungen was awarded the Grand Cross of the Order of Merit of the Federal Republic of Germany by its President.
In September 2000 the leading German business weekly “Wirtschaftswoche” named Peter Jungen one of the most important personalities to shape the future of the „New Economy”.