Investors are the prime cause for the growth of startups. While there are several types of investors, venture capital (VC) is a type of private equity providing funding to smart, emerging and early-stage startups that are touted to have high growth potential.
Target Global is an international VC with its headquarters in Berlin. Founded in 2012, this VC firm intends to connect key European startups ecosystems by providing entrepreneurs with the necessary capital and support.
Expands to London
In a recent move, Target Global that operates from offices in Berlin, Moscow and Tel Aviv has expanded to London. It will continue to back European innovations offering solutions to global problems and fostering growth and innovation to the startups in the European business ecosystem.
The UK expansion of the Berlin-based Venture Capital firm was overseen by Yaron Valler, its General Partner. Furthermore, Malin Holmberg and Gilad Engel, two of its partners will be based in London and will be supported by Venture Partner Rytis Vitkauskas along with finance and back office staff. On lines with its UK expansion, TechCrunch has carried out an email interview with Yaron Valler and here are some key details he has shared.
Why Target Global chose London?
By expanding its presence to London, Target Global aims to support some of the world’s fast-growing and most innovative businesses that are based in London and the UK. The country is home to innovative startups across key industries that the VC firm focused on including AI, deep tech, fintech and engineering. The company already have successful ventures in the UK and now is the right time to witness a huge opportunity to produce success stories.
Brexit is no hindrance
Be it Brexit or no Brexit, London is one of the most innovation high-growth startup hubs. Though it will have an impact on the economy in the coming years, the growth opportunities will not vanish. Still entrepreneurs and startups will emerge from the country and serve the European Union.
Target Global has backed a slew of startups included Sharegain, Parkjockey, Auto1 Group, GoEuro, Delivery Hero, Flash, Clark, Rapyd, omni:us, wefox, etc.
Areas of interest in the UK
In the UK, the company will invest in startups that operate across industries such as manufacturing, healthcare, AI, food, mobility, financial services, retail, and SaaS. Their strong presence in Europe will provide entrepreneurs with access to talent and insights across multiple markets.
Investments in other markets
Currently, Target Global has €700m assets under management across Europe. It follows three active investment strategies – early-stage, growth and mobility fund. The company has already made investments in Spain’s two big hubs – Madrid and Barcelona. They have also made investments in CEE with Polish SaaS companies Shedul and docplanner, companies in Austria and more. It aims to see a strong pipeline in the region with strong tech talent, beneficial infrastructure for startups and strong tech talent.
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