The VC Firm That Brokered An Oligarchs Investments

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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/iainmart... • Forbes Daily Briefing shares the best of Forbes reporting on wealth, business, entrepreneurship, leadership and more. Tune in every day, seven days a week, to hear a new story. Subscribe here: https://art19.com/shows/forbes-daily-... • Subscribe to FORBES: https://www.youtube.com/user/Forbes?s... • Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more: • https://account.forbes.com/membership... • Stay Connected • Forbes newsletters: https://newsletters.editorial.forbes.com • Forbes on Facebook: http://fb.com/forbes • Forbes Video on Twitter: / forbes • Forbes Video on Instagram: / forbes • More From Forbes: http://forbes.com • Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

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