Alex Frolov
CEO and General Partner @ Target Global
London, United Kingdom
Alex Frolov is a Series B investor at Target Global in London focused on Wellness and E-Commerce. Alex is the co-founder and board member at Palta. Prior to this, he was one of the founders of Target Global where he focused on late stage investments. He stepped down from the firm in November 2022. Prior to joining Target Global, Alex worked at the VC firm DFJ Esprit in London. Before that, he led several private and corporate startups in thetech field, including the medical business unit of United Corporation for Innovations. He started his career in the Asset Management, running the public market tech & telco fund.Alex holds a bachelor’s degree from the London School of Economics and Political Sciences and an MBA from the London Business School. Alexander also holds the Chartered Financial Analyst ® designation.
- Total investments:
- 17
- Last investment:
- Lead investor:
- 29%
Last updated:
For AI agents: llms.txt
Industries Alex Frolov invests in
Stages Alex Frolov invests in
Countries Alex Frolov invests in
Investment Focus
Industry
- Wellness 4 (24%)
- E-Commerce 4 (24%)
- Health Care 4 (24%)
- Apps 3 (18%)
- Artificial Intelligence 3 (18%)
Stage
- Series B 4 (24%)
- Funding Round 3 (18%)
- Seed 2 (12%)
- Series A 2 (12%)
- Series C 2 (12%)
Country
- United Kingdom 4 (24%)
- Germany 2 (12%)
- Cyprus 1 (6%)
- United States 1 (6%)
- Russian Federation 1 (6%)
Investments
| Company | Description | Round | Links |
|---|---|---|---|
Flo Health
|
Flo Health is a developer of Flo, a fast-growing AI-driven women’s health product that supports girls and women at every stage of their reproductive cycle (start of menstruation, cycle prediction, preparation for conception, pregnancy, early motherhood, and menopause).Flo prioritizes safety and keeps a sharp focus on being the most trusteddigital source for women's health information. It intensively uses Data Science and AI to deliver the most personalized content and services available. Flo is currently available in 20 languages on iOS and Android. 60% of users are located in the US and Europe.At the end of 2019, Flo became the most popular app in the Health&Fitness category on the AppStore. | $50M / Series B / Sep 09, 2021 | |
Flo Health
|
Flo Health develops a women’s health app that provides access to cycle tracking, health insights, and a private community. Flo supports women during their entire reproductive lives and provides curated cycle and ovulation tracking, personalized health insights, expert tips, and a fully closed community for women to share their questions andconcerns. Flo prioritizes safety and keeps a sharp focus on being the most trusted digital source for women's health information. The Flo Health app is available in more than 20 languages on iOS and Android. For more information, please visit https://flo.health. | $50M / Series B / Sep 09, 2021 | |
Palta
|
Palta is a health and well-being technology company led by entrepreneurs. Palta creates and develops products for the preventive healthcare of its users. Through its consumer mobile apps such as Flo, Simple, Zing, and others. | $100M / Series B / Aug 03, 2021 | |
Simple
|
Simple is an AI coach that adapts to a user’s needs, helping them reach their weight loss and health goals. | $4.5M / Series A / Dec 08, 2020 | |
|
Simple
|
Simple is an AI coach that adapts to a user’s needs, helping them reach their weight loss and health goals. | Seed / Apr 15, 2020 | |
Dreamlines
|
Founded in 2012, Dreamlines quickly became the biggest cruise portal in Europe. In 2013 and 2014. Dreamlines opened new offices in Amsterdam, Nice, Sao Paulo, Gold Coast and Moscow. Dreamlines is the fastest growing cruise portal worldwide and leading in the European market.With over 600 dedicated employees and operations in 12 countries on 5Continents, Dreamlines serves customers in more countries than any other cruise portal. Dreamlines is the biggest cruise OTA outside the USA and is on its way to become the global market leader for selling cruises online.Dreamlines in-house developed GDS/CRM system is the tailor-made fit for the specific cruise industry demands, improving customer satisfaction while streamlining internal processes globally. The own tour operator business is providing unique cruise packages, created by the most experienced cruise experts, exclusively available at Dreamlines. | $49.4M / Series E / May 08, 2018 | |
BOOK A TIGER
|
BOOK A TIGER is an Integrated Facility Management Platform. It provides customers with access to high quality cleaning services as well as additional services through its connected partner network. | $8.5M / Series B / Nov 15, 2017 | |
Foodfox
|
Foodfox makes it easy to get high-quality restaurant meals delivered to your doorstep in 45 minutes or less. Foodfox reinvents food ordering experience by selecting best restaurants and providing fast, transparent and reliable delivery. Foodfox started delivering in Moscow city center and expanded its delivery services coverage over time. Themanagement team includes people from a variety of backgrounds – top-tier management consultants, investment bankers and functional experts coming from the recognized international and local industry leaders. Try Foodfox today by ordering at www.foodfox.ru or with Foodfox app on iPhone or Android.We are always looking for talents - you can contact us via job@foodfox.ru. | $5M / Jun 20, 2017 | |
|
Dreamlines
|
Founded in 2012, Dreamlines quickly became the biggest cruise portal in Europe. In 2013 and 2014. Dreamlines opened new offices in Amsterdam, Nice, Sao Paulo, Gold Coast and Moscow. Dreamlines is the fastest growing cruise portal worldwide and leading in the European market.With over 600 dedicated employees and operations in 12 countries on 5Continents, Dreamlines serves customers in more countries than any other cruise portal. Dreamlines is the biggest cruise OTA outside the USA and is on its way to become the global market leader for selling cruises online.Dreamlines in-house developed GDS/CRM system is the tailor-made fit for the specific cruise industry demands, improving customer satisfaction while streamlining internal processes globally. The own tour operator business is providing unique cruise packages, created by the most experienced cruise experts, exclusively available at Dreamlines. | $19.7M / Feb 14, 2017 | |
|
BOOK A TIGER
|
BOOK A TIGER is an Integrated Facility Management Platform. It provides customers with access to high quality cleaning services as well as additional services through its connected partner network. | $21.5M / Series B / Feb 10, 2017 | |
| See all 17 investments → | |||
Co-Investors
About Target Global
Target Global is a prominent European technology investment firm with a significant presence in the venture capital landscape, boasting over €3 billion in assets under management. The firm operates out of key tech hubs including London, Berlin, Tel Aviv, and Abu Dhabi, and has a rich portfolio featuring some of Europe's most successful techcompanies such as Revolut, Auto1, Copper, Delivery Hero, Docplanner, and Rapyd.Founding and GrowthTarget Global was established in 2015 by Shmuel Chafets and Yaron Valler, who brought a wealth of experience from their tenure at Hasso Plattner Ventures. Their professional partnership dates back 15 years to their time at Giza Venture Capital, a trailblazer in Israel's investment ecosystem, where they honed their investment acumen and industry foresight.Investment Philosophy and ImpactTarget Global stands out in the European tech industry for its diverse team and its ability to identify and capitalize on unique opportunities. The firm's knack for recognizing potential in the early stages of Germany's tech economy led to the emergence of several unicorns in the 2010s. As the European tech industry evolves, Target Global remains at the forefront, seeking out innovative companies like Robovision, Saleor, and Finom. These recent investments reflect the firm's commitment to supporting cutting-edge technology and business models.Fundraising SuccessesTarget Global's fundraising prowess is evident in its six investment funds, which have collectively raised significant capital. The funds range from Early Stage Funds, focusing on nascent startups, to Growth Funds that support more mature companies scaling their operations. The firm's co-investment strategy has led to over €1 billion in capital deployment across a diverse array of partnerships.Backing and AchievementsWith the backing of investors such as FERI, UBS, Allianz X, Mubadala, and Hermes GPE, Target Global has cemented its reputation as a trusted and successful investment firm. Its portfolio spans over 140 companies at various development stages, with a focus on those targeting trillion-dollar markets.Just a few of the many notable companies in the firm’s portfolio include:- Tarabut, MENA’s leading open banking platform, which was recently featured in Forbes Middle East’s list of Top 50 Fintech Companies.- Flo Health, an AI-driven women’s health product, which is the world’s top health and fitness app by downloads.- Robovision, an easy-to-use AI-driven computer vision platform for users to develop their own deep-learning-based solutions.- Enter, a German company that helps homeowners and businesses reduce their carbon footprint.Target Global's track record includes support for 15 unicorn companies, over 20 exits, and 7 IPOs, showcasing its ability to drive growth and success in the European tech ecosystem. The team, comprised of individuals with founder and operator backgrounds, continues to pursue exceptional opportunities to expand the firm's portfolio and influence.Target Global's journey from its inception to its current status as a key player in European venture capital is marked by strategic investments, a commitment to diversity, and a deep understanding of the tech industry's dynamics. With a clear vision for the future, Target Global is poised to continue its role in shaping the next wave of European tech giants.
Target Global Contacts
| Name | Phone | Socials | |
|---|---|---|---|
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Alex Frolov
CEO and General Partner
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Ricardo Schaefer
Partner
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Anke Hecht
VP of Finance
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Arthur Nafikov
VP Operations
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Bao-Y Van Cong
Partner
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FAQ
What does Alex Frolov invest in?
Alex Frolov invests primarily in Wellness, E-Commerce and Health Care startups, most often at Series B and Funding Round stage. Most of the 17 investments tracked by Shizune back companies in United Kingdom. The Investment Focus section breaks down every industry, stage and country in the portfolio.
When did Alex Frolov last invest?
The most recent investment recorded for Alex Frolov closed in Sep 2021. Shizune tracks 17 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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