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Target Global

Europe, Berlin, Germany, Berlin

Description

Target Global is a prominent pan-European venture capital firm headquartered in Berlin, Germany, known for its extensive investments across the technology sector. Established in 2012, the firm has rapidly grown to become a significant player in the European VC landscape, managing over €3 billion in assets under management. Target Global's investment strategy is notably broad, encompassing all stages of a company's lifecycle, from early-stage Seed rounds through to late-stage Series D+ investments. This flexible approach allows them to support promising startups from their inception and continue to fuel their growth through multiple funding rounds.

The firm's investment focus spans a diverse range of technology verticals, including fintech, mobility, e-commerce, software, and proptech, among others. Target Global is particularly active in key European tech hubs like Germany, the UK, France, and Israel, while also maintaining a global outlook for compelling opportunities. Their portfolio boasts several high-profile companies that have achieved significant scale and market recognition, such as Revolut, Delivery Hero, Auto1 Group, and Cazoo, underscoring their ability to identify and back future market leaders.

Target Global typically deploys initial cheques ranging from approximately $1 million for early-stage ventures up to $50 million for more mature, growth-stage companies. The firm has demonstrated a strong capacity for follow-on investments, often participating in subsequent rounds to provide substantial capital as companies scale. A notable example of their financial firepower is the Target Global Growth Fund II, which closed at €1 billion, enabling them to make substantial commitments to high-growth businesses. Their strategic support extends beyond capital, offering portfolio companies access to a vast network, operational expertise, and guidance to navigate complex market challenges and accelerate their expansion.

Investor Profile

Target Global has backed more than 220 startups, with 8 new investments in the last 12 months alone. The firm has led 93 rounds, about 42% of its total and boasts 24 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in Germany, United Kingdom, United States.
  • Strong thematic focus on FinTech, Financial Services, Software.
  • Led 2 rounds in the past year.
  • Typical check size: $1M – $50M.

Stage Focus

  • Seed (25%)
  • Series A (22%)
  • Series B (19%)
  • Series Unknown (9%)
  • Series C (9%)
  • Pre Seed (6%)
  • Series D (4%)
  • Series E (2%)
  • Secondary Market (1%)
  • Convertible Note (1%)

Country Focus

  • Germany (28%)
  • United Kingdom (15%)
  • United States (13%)
  • Israel (12%)
  • Spain (7%)
  • Russian Federation (6%)
  • The Netherlands (5%)
  • Nigeria (4%)
  • Singapore (2%)
  • France (2%)

Industry Focus

  • Fintech
  • Financial Services
  • Software
  • E-commerce
  • Saas
  • Health Care
  • Internet
  • Artificial Intelligence (Ai)
  • Information Technology
  • Apps
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Target Global frequently co-invest with?

Piton Capital
Europe, England, United Kingdom, London
Co-Investments: 9
Entrée Capital
Asia, Tel Aviv, Israel, Tel Aviv
Co-Investments: 13
FJ Labs
North America, New York, United States, New York
Co-Investments: 9
The Delta
Europe, Berlin, Germany, Berlin
Co-Investments: 7
Earlybird Venture Capital
Europe, Berlin, Germany, Berlin
Co-Investments: 7
General Catalyst
North America, Massachusetts, United States, Cambridge
Co-Investments: 10
DN Capital
North America, California, United States, Menlo Park
Co-Investments: 6
Partech
Europe, Ile-de-France, France, Paris
Co-Investments: 8
Latitude
Europe, England, United Kingdom, London
Co-Investments: 9
Global Founders Capital
Europe, Berlin, Germany, Berlin
Co-Investments: 6

Which angels does Target Global often collaborate with?

MM
Europe, Cambridgeshire, United Kingdom
Shared Deals: 2
RJ
Europe, Nordrhein-Westfalen, Germany, Düsseldorf
Shared Deals: 3
YS
North America, California, United States, San Francisco
Shared Deals: 3
NO
Europe, Zurich, Switzerland
Shared Deals: 3
JW
Europe, Zurich, Switzerland, Zürich
Shared Deals: 3
BK
North America, New York, United States, New York
Shared Deals: 3
Babs Ogundeyi
Africa, Lagos, Nigeria, Yaba
Shared Deals: 3
TH
Europe, England, United Kingdom, London
Shared Deals: 3
ER
North America, New York, United States, New York
Shared Deals: 3
J.R. Smith
Europe, Zurich, Switzerland, Zürich
Shared Deals: 4

What are some of recent deals done by Target Global?

Enter

Berlin, Berlin, Germany

Enter provides energy audits, procurement and financing, and benchmarking for European homes.

EnergyEnergy EfficiencyManufacturingRenewable EnergySemiconductor
Series BJun 24, 2025
Amount Raised: $23,249,137
McMakler

Berlin, Berlin, Germany

McMakler is the leading hybrid real estate transaction platform in Germany.

Real EstateReal Estate Investment
Series UnknownJun 23, 2025
Alta

New York, New York, United States

Alta leverages data and AI to drive business growth 24/7.

Artificial Intelligence (AI)Data ManagementSoftware
SeedMar 4, 2025
Amount Raised: $7,000,000
Perfect

New York, New York, United States

Perfect is an online platform that offers hiring services.

Human ResourcesRecruiting
SeedFeb 25, 2025
Amount Raised: $23,000,000
Voyantis

Tel Aviv, Tel Aviv, Israel

Voyantis is a provider of an AI-driven growth platform for customer acquisition and lifecycle optimization.

Artificial Intelligence (AI)MarketingPredictive AnalyticsSaaS
Series BFeb 11, 2025
Amount Raised: $41,000,000
Tourlane

Berlin, Berlin, Germany

Tourlane is a tour planning and booking platform that helps travelers research and buy multi-day tours online.

InternetLeisureReservationsTourismTravel
Series DNov 14, 2024
Amount Raised: $26,319,862
Essor

Paris, Ile-de-France, France

Essor provider of a digital consumer product platform.

Consumer GoodsE-CommerceMarketing
Series UnknownSep 5, 2024
Amount Raised: $50,000,000
Palm

London, England, United Kingdom

Palm offers AI-powered treasury software for accurate cash forecasting and efficient fund management.

Artificial Intelligence (AI)Financial ServicesSoftware
SeedSep 3, 2024
Amount Raised: $6,076,710
MagnusMetal

Rehovot, HaMerkaz, Israel

MagnusMetal offers digital casting solutions for metal alloys.

Machinery ManufacturingManufacturing
Series BApr 18, 2024
Amount Raised: $74,000,000
Robovision

Ghent, Oost-Vlaanderen, Belgium

Robovision is the adaptive engine for image-to-action AI solutions.

AgTechArtificial Intelligence (AI)Computer VisionEnterprise SoftwareIntelligent SystemsMachine LearningPaaSRoboticsSaaSSoftware
Series AMar 28, 2024
Amount Raised: $42,000,000