Samsung Opens Berlin Venture Fund Office to Scout European Deals
- The South Korean company’s Next fund expands on the Continent
- Managing director says seeking investments in ’deep tech’
Berlin
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Samsung Electronics Co. is opening an office in Berlin that will serve as a hub for scouting startup investments and acquisitions in Europe.
Samsung NEXT, the South Korean tech giant’s $150 million venture capital fund, has two investors on the ground in Berlin and is scouting office space for next year, part of a push to invest in and acquire fledgling companies in areas such as connected appliances, AI and augmented reality, said managing director Felix Petersen, an entrepreneur and VC who joined Samsung in April.