Target Global expands footprint in the Middle East

Target Global expands footprint in the Middle East

Source: Target Global

Target Global, one the leading technology investment firms in Europe and Israel with €3 billion in assets under management and 15 unicorns in its portfolio plans to expand its presence into the UAE with the establishment of an official presence in the Abu Dhabi Global Market (ADGM).

Target Global has backed some of the world’s most innovative and transformational companies across the fintech, health-tech and consumer industries. These include Rapyd, Wefox, Delivery Hero as well as numerous other unicorns and soonicorns.

Target Global’s activities in the region will be led by COO Peter Roos. Peter has lived in the Emirates for almost a decade and has spent the past three years growing Target Global’s local presence and contributing to the growth of the broader tech ecosystem.

ADGM presents an attractive value proposition for investment funds looking to back UAE-based start-ups given their exceptional infrastructure, regulatory frameworks, and local government. Target Global was particularly attracted to