Venture capital fund Target Global managed tens of millions of dollars for Roman Abramovich and helped the now-sanctioned oligarch build up stakes in some of Europe’s biggest startups.
Russian oligarch Roman Abramovich quietly invested $63 million in a string of European startups through his relationship with London-based venture firm Target Global, according to a cache of documents reviewed by Forbes. The venture capital fund, which has raised over $3.2 billion of capital and backed at least 15 European tech unicorns including fintech Revolut and car marketplace Cazoo, counted on Abramovich as a co-investor and limited partner from 2015 to 2021, the documents show. The U.K. later sanctioned the oligarch in March 2022 over Russia’s invasion of Ukraine.
Read the full story on Forbes: https://www.forbes.com/sites/iainmartin/2024/01/10/target-global-roman-abramovich-oligarch-startup-investments/?sh=13701f851d2e
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