Venture Development Intern (m/f/d)

Date: Nov 21, 2023

Location: München, BY, DE, 80992

Company: Telefonica S.A.

Contract type: full-time, limited 6-8 months
Entry: At the earliest possible date


Who we are

We are O2 Telefónica - with our mobile brands we connect millions of people and offer our customers mobile freedom in the digital world. As a leading telecommunications provider, we are playing a key role in shaping digitisation in Germany. Our approximately 7,400 employees in Germany drive the transformation forward every day - in our own company as well. Telefónica is one of the top employers in Germany and is part of the global telecommunications group Telefónica S.A. with 110,000 committed employees worldwide.   


Become part of our unique team and let's make a difference together! 


Wayra is Telefónica’s innovation and investment unit and the world’s most global, connected and technological open innovation hub. We scale up and invest in startups and build lasting corporate partnerships.
Telefónica provides startups unprecedented access to business development opportunities with some of the world’s largest companies and access to our global network of over 350 million customers and clients in 24 countries. Investment stages within Telefónica ranges from seed (Wayra) to growth investments up to 25m EUR.


What to expect

  • Identifying and sourcing new investment opportunities 
  • Analyzing startups, teams and markets e.g. in latest tech trends like 5G & Metaverse 
  • Participating in all due diligence steps, including researching customer references, assessing competitive positioning, modelling finances and unit economics, understanding macro trends 
  • Networking by attending events and conferences and speaking to other key contacts in the industry and represent Wayra in the ecosystem 
  • Building strong relationships with founders of top-notch startups, VCs, investors and internal stakeholders
  • Supporting to constantly improve team processes and operations   
  • Supporting in portfolio management (participation in board meetings, reporting to our Telefónica’s global headquarter) 
  • Ownership of accounting processes (like invoicing and startup payments) 


What you bring

  • Strong academic background from a top-tier university, in engineering/IT, economics or similar 
  • First experience working in tech, startup, venture capital, consulting, IB environment 
  • Strong analytical and financial skills 
  • Highly organized and the ability to work well in small teams in a structured, independent and result-oriented manner 
  • Intellectual curiosity and a genuine interest for new technologies, innovation, entrepreneurial and investment ecosystems 
  • Eagerness to learn, to take on responsibilities and ability to quickly familiarize yourself with new topics 
  • Positive, open-minded, entrepreneurial spirit and proactive "can-do" mentality 
  • Structured way of working and navigating smartly through projects and processes in a dynamic environment 
  • An established network in the European tech ecosystem is a plus 
  • German-speaking preferred, English proficiency is a must


Why Wayra  

  • We live our team values. We are a young team of motivated individuals who are interested in making a difference. 

  • Our team is diverse and consists of different nations. 

  • We are trendsetters. We are always up to date with the latest technology trends, such as 5G & Metaverse. 

  • You will find high learning potential working with the most successful corporate accelerator & VC. 

  • Very attractive salary. 

  • You will receive recognition. You'll have an immediate impact on Wayra, big or small, and earn honest appreciation. 

  • You'll be part of an exceptional community. You'll be surrounded not only by the Wayra team, but also by aspiring startup founders and learn from their entrepreneurship. 

  • You will work in a modern office in the heart of Munich with an exceptional view of the Marienplatz. 


What we offer 

Modern, flexible working environment: Work wherever you want within Germany. Whether in home office or one of our well-equipped offices. We offer you maximum flexibility to organize your working day. 

Training & Development: Everthing you need for your individual growth. With a personal development plan, learning journeys and the possibility of job rotations, you will reach your goals with us – according to our guiding principle „connect, learn and move2grow". 

Financial benefits: A smartphone for business and private use, as well as the possibility to provide for partners, friends and family via a credit balance, is a given. In addition, you benefit from a variety of corporate benefits. 

Health: Our "Feel Good" program keeps your body and mind in balance. Among other things, we offer fitness classes, nutritional counseling, and programs to improve workplace ergonomics and work-life balance. 

Social engagement: We are also involved in social projects outside of our day-to-day work. You can support social projects through volunteering days / holidays or charity runs. 


How to apply and what else you should know  

Convince us with your meaningful curriculum vitae as well as corresponding certificates. You do not need a letter of motivation with us. Please note that applications are only possible via our applicant portal and applications by e-mail cannot be considered.  

Do you have questions about our application process and are you interested in further information about the position? Please reach out to our Recruiting Team (


In case of same qualification, applicants with severe disability will be preferred. All gender are equally welcome.