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Europe’s Target Global Raises New €120M Early-stage Fund

Target Global is the pan-European venture capital firm that is headquartered in Berlin. It has raised a new €120 million in the early-stage fund. Dubbed “Early Stage Fund II” – which is a new vehicle, will see the firm continuing to back early-stage technology companies throughout Israel and Europe, also is will lead and co-lead the seed and Series A rounds. At the same time, it has a later-stage growth fund as well as a dedicated mobility fund, and in combination, Target Global at present has more than €800 million property under management.

Shmuel Chafets, the General Partner and Vice Chairman at the Target Global told TechCrunch that their “Early Stage Fund II would follow a similar strategy as their “Early Stage Fund I: similar size, similar team, and similar investment strategies. Shmuel also said that they had been long debates around fund size, and despite of being oversubscribed, they had opted to keep that at original €120 million that they think was optimal for the European early-stage at the moment and would also them to both deliver the venture returns to the LPs and gave their founders the time and the attention.

Target Global has a team of 50 people throughout their office in Berlin, Tel Aviv, Moscow, London, and Barcelona. It will continue to focus on the startups which are disrupting “truly European, trillion-euro industries,” citing retail, food, mobility, financial services, healthcare as well as manufacturing organizations and the application of technologies like SaaS, AI, E-Commerce and online marketplaces.

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