Target Global

Target Global

A venture capital firm in Germany that focuses on fast-growing tech companies across their lifecycles.

Target Global is a venture capital firm in Germany that focuses on fast-growing tech companies across their lifecycles. Founded 2012 in Berlin, Germany by Alex Frolov, it invests in early stage ventures, late stage ventures, and seed rounds. Its portfolio companies include Copper, Bird, Choco, Cobee, Idomoo, MediQuo, Nuweba, OSOME and Plentific. As of March 2020, Target Global has made 90 investments. Their most recent investment was on February 24, 2020, when Cobee raised €2.1M. Target Global has had 13 exits, the most notable of which include Blue Apron, Delivery Hero, and Fyber. The company has raised five funds, their latest being Target Global Early Stage Fund II. This fund was announced on February 24, 2020 and raised a total of €120M.

Timeline

Funded Companies

Company
Description
Website
Industry
Location

A financial technology company offering a mobile-first platform for payments through a single API and SDK.

Zoovu is a private equity and digital marketing company that is interested in digital engagement experiences

Auto1 Group provides an online platform connecting buyers and sellers of cars.

klarx is a Munich-based company.

Sharegain is a Fintech venture aiming to open up the global securities lending market to individual investors.

Zego, previously was known as Tego, provides pay-as-you-ride insurance to drivers working for sharing economy companies - including Deliveroo, UberEATS, Jinn and Amazon.

Flash is an e-commerce company.

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People

Name
Role
LinkedIn

Alexander Frolov

Employee

Anke Hecht

Employee

Artem Nikulshin

Employee

Arthur Nafikov

Employee

Mike Lobanov

Employee

Rail Akhmetov

Employee

Vadim Tarasov

Employee

Yaron Valler

Employee

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

Copper

Bird

Choco

Cobee

Idomoo

MediQuo

Nuweba

OSOME

Plentific

News

Title
Author
Date
Publisher
Description
Natasha Lomas
May 12, 2020
TechCrunch
Target Global is backing a €1 million support fund for tech talent in Spain laid off or furloughed as a result of the coronavirus crisis. The aim is to provide pre-seed financing to help crisis-hit tech workers switch gears and build out a startup concept over the next four to six months, covering living expenses [...]
Mike Butcher
April 30, 2020
TechCrunch
Just as challenger banks have appeared in the B2C space, so to have B2B startup banks aimed small businesses, among them startups like Qonto (Fr), Tide (UK), Penta (GER) and CountingUp (UK). Today another such firm, Finom, has closed a €6.5m ($7M) seed funding round led by Target Global, with participation from General Catalyst. Further [...]
Steve O'Hear
February 24, 2020
TechCrunch
Target Global, the pan-European venture capital firm headquartered in Berlin, has raised a new €120 million early-stage fund, following what it claims was only 3 months of fundraising. Dubbed "Early Stage Fund II", the new vehicle will see the firm continue to back early-stage tech companies across Europe and Israel, leading and co-leading seed and [...]
Natasha Lomas
September 24, 2019
TechCrunch
VC firm Target Global has just announced it's expanding its European network by adding a local office in Barcelona, Spain -- building on its existing presence in Berlin and London, plus Tel Aviv and Moscow. The firm has €700 million under management and a broad investment range that covers SaaS, marketplaces, fintech and insurtech, as [...]

References

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