The heart of tech

This article was published on May 25, 2012


    Startup builder Team Europe opens office in South Korea as launchpad for Asia

    Startup builder Team Europe opens office in South Korea as launchpad for Asia Image by: Marzky Ragsac Jr. - Fotolia
    Robin Wauters
    Story by

    Robin Wauters

    Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family a Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family and Belgian beer. If you'd like to know more about Robin, head on over to robinwauters.com or follow him on Twitter.

    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.

    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?