Revolut, Flo, AUTO1 Group, and Docplanner have little in common from a customer’s point of view. One helps people manage money; another offers women’s health tools; the others connect buyers with cars or patients with doctors. All appear in Target Global’s portfolio. Taken together, they raise a useful question: what helps a technology product work beyond the market where it first found an audience?
Alexander Frolov co-founded Target Global. His own investment history includes Delivery Hero, AUTO1 Group, Revolut, Flo, Finom, Essor, and Perk. The firm’s broader portfolio contains many more companies. Looking at both gives a clearer picture of an international technology ecosystem without assigning every investment or operating decision to one person.
Aleksandr Frolov: the shape of Target Global portfolio
A portfolio ecosystem is often described by sectors: fintech, healthtech, AI, mobility, or business software. Those categories are useful for finding a company, but they do not explain what the company has to get right. A payments provider and a travel platform may both sell to businesses, yet one must make money move reliably while the other must make a complicated trip easy to arrange and account for.
Alexander Frolov co-founded Target Global, which has backed companies at different points in their development. Its portfolio includes companies at different stages of development, while the current strategic focus is on international early-stage technology businesses. Growth does not follow the same pattern for each of them. Some need local partners or payment methods; others need a marketplace with enough participants on both sides; a health product has to earn trust with information people may use in sensitive moments.
The range becomes easier to see through a few examples:
Fintech: Revolut serves consumers and businesses, Finom builds financial tools for entrepreneurs, and Rapyd provides infrastructure for cross-border payments.
Services and marketplaces: AUTO1 Group connects participants in the used-car market; Fresha brings bookings and business tools together for salons and wellness providers; Perk, formerly TravelPerk, combines corporate travel and spend management.
Health and data: Flo supports women through different stages of health; Docplanner helps patients find care and practices manage appointments; Voyantis uses predictive models to help teams understand customer value.
Viewed together, the companies show how much lies behind the word “scale”: payment connections, supplier networks, reliable information, and products people return to. An international portfolio has to account for those differences.
Alexander Frolov and Target Global work behind the name
Alexander Frolov’s connection to this ecosystem includes both his documented investment record and his work on strategic projects and co-founding initiatives.
With so many recognizable brands, the roles are easy to blur. Funding a company, advising a firm, and helping create a new business involve different responsibilities. Founders and product teams handle the daily work of hiring, serving customers, and adapting a service to new markets.
For Aleksandr Frolov as an investor, the connection to Palta adds a different dimension to the portfolio story. Palta develops preventive digital health brands, including Flo and Simple. Its group draws on product, marketing, and operating expertise. That is why a co-founding initiative belongs in his professional profile alongside investments.
What changes when a product crosses a border
The first market can teach a company that customers want its product. The next market tests whether the same experience still makes sense. A digital account may need different payment connections or compliance processes. A booking platform may need a new supply network. An app offering health information may need to rethink language, clinical review, and how it handles personal data. These are practical questions, and the answers vary by company.
Three pressures tend to surface as a business expands:
The product must remain useful. A new feature or an AI model is valuable only if it improves something people actually do.
The operation must hold up. Customer support, local partnerships, and dependable systems matter more when usage grows across locations and time zones.
The team must learn what travels and what does not. A company can keep the core of its product while changing the parts shaped by local habits, rules, and expectations.
That is why the phrase “growth-stage company” describes a demanding period rather than a uniform type of business. AUTO1 Group, Flo, and Perk may all operate internationally, but the obstacles in a two-sided car marketplace, a health app, and a travel platform are different.
Alexander Frolov on Target Global value: AI, healthtech, and specific use cases
AI appears in several parts of Target Global’s wider portfolio, doing different jobs. Voyantis applies predictive modeling to customer growth decisions. Robovision offers computer vision tools for industrial production. Flo uses data science and AI to personalize parts of its health experience. Each application is tied to a distinct task.
Wellness technology offers a similar lesson. People return when the guidance helps with a personal decision and feels trustworthy. For Flo and the other brands within Palta, relevance and trust have to be built into the experience. A portfolio ecosystem can share knowledge and relationships. The product still has to prove useful to the people it serves.
An ecosystem is useful when the differences remain visible
The firm brings together founders and businesses working in distinct markets; Aleksandr Frolov's documented role includes his investment record, advice on strategic projects, and participation in co-founding initiatives. The companies themselves still face their own customers, constraints, and choices.
A portfolio logo records a relationship. The harder story is how an early product that works for a small group becomes an organization able to serve people well in more than one market. That is where the difficult work happens.