Berlin-based Internet startup incubator Team Europe is expanding to Asia with the establishment of a “market-watch” office in Seoul, South Korea.
It will be headed by German-Korean Ludolf Ebner-Chung, a former McKinsey consultant, with Team Europe partner Markus Fuhrmann overseeing the venture.
So. Much. Tech.
Some of the biggest names in tech are coming to TNW Conference in Amsterdam this May.
The idea is for Team Europe to use the new office as a launchpad to expand its activities across multiple Asian regions. So why Korea first?
Furhmann asserts that Korea has a huge Internet and smartphone environment, and that there are big opportunities for Team Europe to build successful Internet companies in the region. “It feels like Berlin a few years ago,” he says.
Fuhrmann already started several companies in China before joining Lukasz Gadowski, Kolja Hebenstreit and Steffen Höllinger at Team Europe as a partner in 2009. The firm’s portfolio includes companies like Delivery Hero, HitFox, Mister Spex and Madvertise.
Question is: do they need to change their name now?
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