International venture capital firm Target Global has opened a new office in Berlin.
Run by general partners Yaron Valler and Shmuel Chafets, who joined the firm in 2015 and collectively hold more than 20 years of investment experience. They will be identifying investment opportunities across Europe with a focus on Germany, Israel and North America.
Valler has invested in companies including Panaya (sold to Infosys), Fyber (sold to RNTS Media), led the Series A and B rounds for GoEuro and was one of the first investors in Delivery Hero. Chafets’ investments include iZettle, Hansoft and DreamLines. He also founded GPV, a venture investment vehicle in Warsaw with a special focus on software and internet security technology.
With more than $300 million in assets under management and offices in San Francisco, Berlin, Tel-Aviv and Moscow, Target Global focuses on investing in digital-enabled B2C and B2 SMB companies in ecommerce, fintech, travel, software and mobile.
Current portfolio compnies Delivery Hero, Go Euro, Dream Lines and Prosper.
In addition to the opening of the new office, the firm has also announced investments in German startups including online rental platform nestpick, online insurance broker Clark and online real estate agents McMakler.
These operations add to the investment in Missbeez, an Israeli startup providing on-demand beauty services.