Successful in incubating a couple of startups in Europe, Team Europe now starts paying attention to Asian startups, by opening an office in South Korea. This new office in Korea will be used as its headquarters in starting activities in several countries in Asia.
Korea is chosen as the opening for Team Europe in Asia, according to Markus Fuhrmann, one of Team Europe’s partners, because they see that Korea has the potential in the internet and mobile ecosystem. As reported by Tech Wire Asia, Fuhrmann also said that South Korea resembles Berlin in the olden days.
Team Europe’s office in South Korea will be lead by Ludolf Ebner-Chung, a German born Korean who previously worked as a consultant in McKinsey. Fuhrmann will help in handling investment issues through the subsidiary, Point Nine Capital.
In Europe, Team Europe is involved with some startups like Spreadshirt, studiVZ, brands4friends, Sponsorpay, Madvertise, Misterspex, and Delivery Hero. Those startups engage in e-commerce, online learning community, mobile ad, game ad, online food order and online ad.
Seeing from the fields the startups cooperating with Team Europe engaged in, the possibility of Team Europe coming to Southeast Asia including Indonesia is big. Closeness of region between South Korea and Southeast Asia will also help startups from Southeast Asia to be monitored by Team Europe. Will there be any startup from Indonesia being monitored?
