Target Global, a Berlin, Germany based venture capital firm with $600m assets under management, has launched a dedicated mobility fund.
The evergreen fund, with $100m in commitments, will deploy up to $300m in capital during is life.
Led by newly appointed partner Ben Kaminski, the new vehicle will invest in European and Israeli startups that focus on innovation and technology in automotive, private & public transportation, logistics & delivery and related cross-services.
Kaminski worked a decade at Goldman Sachs in London, New York City and Tel-Aviv, where he helped launch the firms’ global next generation mobility coverage effort and worked with many of the leading strategic players and start-ups across the mobility spectrum.
In addition to the dedicated team at Target Global, led by Alex Frolov, General Partner, the new fund will build on a network of advisors and industry experts in the fields of automotive, logistics and technology.
The Target Global portfolio includes companies such as Auto1, Delivery Hero, GoEuro, Dreamlines and WeFox.