IS427:AY1314T1 Europe (G1) - Organizations: Munich: Target Partners

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The Company

• 230 million Euro under management, Target Partners is one of the leading venture capital investors in Europe.

• Target Partners invests in young technology companies in Germany, Austria and Switzerland. Through their individual commitment, couple with a global network and vast experience as entrepreneurs, managers and venture capital investors, Target Partners is able support entrepreneurs in building a great company.

• The partners of Target Partners have years of collective experience as successful managers, entrepreneurs and venture capital investors in Europe and the USA.

• Target partners have both founded or led companies and also developed or sold technology products. They have seen numerous companies through IPO and provide mentoring and consulting services. They do understand the challenges an entrepreneur would faces where the road to success is often rough and full of obstacles.

• Both in Europe and the USA, Target Partners has a large network in industry and venture capital which be able to provide expansion in Europe and US market.

Active Portfolio

Products/Services

• Consultancy
• Network
• Mentoring
• Investing Money :

Typically invest in the early stages of the companies (Series A investment)
Open to later stage investment for more mature businesses (Series B investment)

Activities

Business model: $100 million capital fund, office rent and overheads (2% per year as a management fee)

• From own pockets and investors (eg. insurance companies, companies with alot of assets and liquidity, in S classes to gain return, especially in low interest rates periods)
  • Expected return $300 million, to have a good capital venture fund
  • Invest in about 20 startups (50% will not make it)
  • 10 will survive, maybe 12. Wise to pull the plug earlier rather than later (30% per company)
  • $1 billion divided by 10, $100 million per company
  • Mainly in German speaking companies and not in life science,Pharma and biotech
  • Does not believe in advertising themselves as they believe these companies should know who they are turning to

Venture capitalist for Startup

• Money (euro, us and yen) to Asian startups
• Mentoring (negotiating with founders)
• Networks --> HR and Business advantage --> Exit opportunities (matchmakers, headhunter)

References

Target Partners Website
You can download our TargetPartners Company Presentation Slides here.