Target Global, a Berlin, Germany-based venture capital firm held the first close of a new €100m fund focused on early stage investments.
Target Global Early Stage Fund I will invest in seed and A rounds, and is expected to fund up to 20 companies throughout its lifetime.
Managed by Yaron Valler, Shmuel Chafets, Alexander Frolov and Mike Lobanov, the fund will be operated out of the main office in Berlin and will invest primarily in Germany and Israel while allocating some capital for investments across the EU.
It will continue the firm’s strategy of investing in innovative teams and companies across several established sectors, including software and marketplaces, as well as focusing on emerging sectors such as mobility, Insurtech, RegTech and fintech.
Launched in 2012, Target Global has over $500m in assets under management and offices in Berlin, Tel Aviv, San Francisco and Moscow. The firm has invested in more than 40 companies including Delivery Hero, Blue Apron, Dreamlines, Prosper, Juno, VATBox, Blackmoon, DocPlanner, WeFox, Lemoncat, Auto1, and others.