"The Secret London VC Behind Roman Abramovich's Startup Investments"
London-based venture capital firm Target Global managed tens of millions of dollars for Russian oligarch Roman Abramovich, helping him invest in European startups such as Circ and Auto1. Leaked documents reveal that Abramovich's investments were made through Target Global and its special purpose vehicles, with loans provided to indirectly buy stakes in startups like Flo and Delivery Hero. Target Global has ties to other Russian oligarchs, including cofounder Alex Frolov's father, who was sanctioned for his ties to the Kremlin. Despite the sanctions, Abramovich has sought to overturn them, while his wealth has decreased due to international sanctions and Russia's slowing economy.