Tech-focused VC investor Target Global has announced it is opening a new office within the Abu Dhabi Global Market free zone in the United Arab Emirates.

Target Global was founded in 2012 and is headquartered in Berlin, Germany. Over the past decade it has invested in several tech unicorns and has expanded to operate out of offices in London, Tel Aviv and Barcelona.  

Target Global’s investments span fintech, healthtech and consumer industries, and include companies such as Rapyd, Wefox and Delivery Hero. It has €3bn ($3.25bn) in assets under management and boasts 15 unicorns in its portfolio.

The company has been building its presence. In 2022, it helped fintech platform Rapyd open an office in Dubai, its first in the Middle East. In October 2022, it led a delegation of founders within its portfolio to meet with senior figures in the UAE’s finance sector.

“The growth trajectory and plenitude of opportunities that the UAE offers entrepreneurs is unparalleled,” said Target Global co-founder Shmuel Chafets.

“We believe that the government’s forward-thinking strategy and the country’s impressive infrastructure and regulatory framework will continue to attract many world-class businesses to the region, and we are proud to contribute to the growth and development of this vital ecosystem by planting roots.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The UAE office will be led by Target Global’s chief operating officer Peter Roos, who will be responsible for building out a team in Abu Dhabi. The company has a total of 40 employees across all of its offices.

Abu Dhabi has clear designs to become a fintech hub, as evidenced by the ambitious Abu Dhabu Finance Week event, which took place at the end of 2022.