€700m German venture capital firm expands into London
Berlin-headquartered Target Global, a VC firm with €700 million under management across Europe, launches its first UK office in London today.
Target Global was founded in 2012 connects key European startup ecosystems, providing entrepreneurs with support and capital across Europe. The firm invests in fast-growing online platforms and targets trillion-dollar markets.
It specialises in SaaS, marketplaces, FinTech, InsurTech, and mobility - offering the support of three active investment strategies, through Early Stage, Growth and a Mobility Fund.
Its four general partners are Shmuel Chafets, Alex Frolov, Mike Lobanov, Yaron Valler, and its team of around 50 investment and operational experts reaches across the continent.
Alex Frolov, General Partner, said “Target Global has identified the core strengths of each tech hub across Europe and we’re working to connect entrepreneurs with capital across those regions and beyond.
"The UK, for example, has an excellent web of innovation: particularly in engineering, deep tech and FinTech, which are key industries for Target Global. Our core philosophy is that, by having bases in every tech hub, we can provide support in any region, offering our entrepreneurs a clear route to growth throughout our global network.”
General Partner Yaron Valler, who is leading the expansion plans, said “Opening our London office is our latest step in building on the true diversity of talent and technologies across Europe. It is inspiring to be immersed into the vast talent-pool here in London and the wider UK, a home to some of the world's most innovative and fast-growing businesses.
"Our strong presence within different startup hubs in Europe has proved invaluable to our entrepreneurs, providing them with insights, financing and exit opportunities across multiple markets, without facing restrictions. No doubt, these links to the broader European ecosystem will be just as beneficial to British founders.”