Target Global is firming up its bet on Barcelona’s entrepreneurs
VC firm Target Global has just announced it’s expanding its European network by adding a local office in Barcelona, Spain — building on its existing presence in Berlin and London, plus Tel Aviv and Moscow.
The firm has €700 million under management and a broad investment range that covers SaaS, marketplaces, fintech and insurtech, as well as a big focus on mobility.
TechCrunch sat down with general partner Shmuel Chafets and investor director Lina Chong, who will be heading the firm’s push into Spain, to talk about its decision to set up shop in Barcelona — discussing how they see the local and national ecosystem, as well as picking their brains on wider investments trends and regulation in Europe.
Want to know what it takes to get a meeting with Target Global and factors they weigh when they’re deciding whether to cut a check or not? Read on…
The interview has been lightly edited for clarity.
TechCrunch: Why choose Barcelona and why now? Why not Spain’s capital, Madrid — or even a city like Paris?
Shmuel Chafets: First of all have you been outside!?
I started coming to Barcelona four or five years ago just to see things
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