Target Global
Target Global is a Berlin-headquartered pan-European venture capital firm founded in 2015 by Shmuel Chafets and Yaron Valler, investing from seed to pre-IPO across fintech, software, consumer internet and mobility with offices in Berlin, London, Tel Aviv and Abu Dhabi. The firm claims over EUR 3bn under management across six funds including Early Stage Funds I-III, Mobility 2.0 and Growth Fund II, and backed Auto1, Delivery Hero, Revolut, wefox and Vinted-peer marketplaces; since 2024 it has been selling stakes via secondaries with no new fund planned as of 2025.
AUM
€3.0B
Funds
5
vintages 2017–2022
Portfolio
83
Exits
14
Target Global is a Berlin venture capital firm with €3.0B AUM, 83 active companies and 14 exits.
Key takeaways
- ·10 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 14 realized deals: 3 years.
- ·Fund cadence: ~1Y between vintages · last raise 2022.
Sector breakdown
97 companiesFintech
21 · 22%
Software
15 · 15%
HealthTech
12 · 12%
AI/ML
9 · 9%
Cybersecurity
6 · 6%
FoodTech
5 · 5%
E-commerce
5 · 5%
Mobility
5 · 5%
Geography breakdown
19 geographiesGermany
24 · 25%
Israel
18 · 19%
UK
14 · 14%
US
8 · 8%
Spain
8 · 8%
Nigeria
5 · 5%
Netherlands
4 · 4%
France
3 · 3%
Key facts
Recent exits
Partners
Shmuel ChafetsCo-Founder, Executive Chairman
Yaron VallerCo-Founder, General Partner
Bao-Y Van CongPartner
Coverage notes
5 funds tracked, 97 portfolio companies (83 active · 14 realized). Verified weekly from public filings and deal announcements.
Investment team
Senior partners. Hand-checked from public filings and the firm's own site.
Shmuel Chafets
Co-Founder, Executive Chairman
Yaron Valler
Co-Founder, General Partner
Bao-Y Van Cong
Partner
Funds & portfolio
Every fund Target Global has raised, with its portfolio companies. Hand-checked from public filings.
5 funds
Fund
Strategy
Vintage
Size
Assets
Exits
Target Global Early Stage Fund IIIVC202223 assetsVC2022 · 4yr–23–
Unrealized
23 held| Company | Entry |
|---|---|
| 1MRobotics Deep Tech · Israel | 2022 |
| 3commas Fintech · Estonia | 2022 |
| Anonybit Cybersecurity · US | 2022 |
| Casava Fintech · Nigeria | 2022 |
| Communion Fintech · UK | 2023 |
| Decipad AI/ML · UK | 2022 |
| Enter Software · Germany | 2023 |
| Ferry AI/ML · UK | 2023 |
| Forsea Foods FoodTech · Israel | 2022 |
| Freeverse Software · Spain | 2022 |
| Graphiti AI/ML · Israel | 2023 |
| Imagindairy FoodTech · Israel | 2022 |
| Indicina Fintech · Nigeria | 2022 |
| Justhome PropTech · Germany | 2022 |
| Komment AI/ML · Germany | 2023 |
| luca Fintech · Germany | 2022 |
| Masterschool HealthTech · Israel | 2022 |
| Patient21 HealthTech · Germany | 2022 |
| Reverence Care HealthTech · US | 2022 |
| Robovision AI/ML · Belgium | 2024 |
| Saleor Software · Poland/USA | 2024 |
| Symmetrical Fintech · Poland | 2022 |
| Zorba PropTech · US | 2022 |
Target Global Growth Fund IIHarvestingGrowth2021€300M2 assets1 exitsGrowth2021 · 5yr€300M21
Target Global Early Stage Fund IIHarvestingVC2020€120M30 assets4 exitsVC2020 · 6yr€120M304
Unrealized
30 held| Company | Entry |
|---|---|
| Ablefy Software · Germany | 2021 |
| Branded E-commerce · France | 2020 |
| Crisp Software · Netherlands | 2021 |
| Dabbel ClimateTech · Germany | 2021 |
| Demodesk Software · Germany | 2020 |
| Doctorly HealthTech · Germany | 2020 |
| Edukoya EdTech · Nigeria | 2021 |
| Endel AI/ML · Germany | 2020 |
| Finom Fintech · Netherlands | 2020 |
| Fintecture Fintech · France | 2021 |
| Flo Health HealthTech · UK | 2021 |
| Fuse Energy · Israel | 2021 |
| Gamestry Gaming · Spain | 2021 |
| Invopop Software · Spain | 2021 |
| Karma AI/ML · Israel | 2021 |
| Kuda Fintech · Nigeria | 2020 |
| Lepaya EdTech · Netherlands | 2021 |
| Lili Fintech · US | 2021 |
| Mayd E-commerce · Germany | 2021 |
| Mercuryo Fintech · Estonia | 2020 |
| Mosa Meat FoodTech · Netherlands | 2020 |
| Orchestra Group Cybersecurity · Israel | 2020 |
| Palta HealthTech · UK | 2021 |
| Routine Software · France | 2021 |
| Simple HealthTech · Cyprus | 2020 |
| Tarabut Gateway Fintech · Bahrain/UAE | 2021 |
| The Vets HealthTech · US | 2021 |
| Thriva HealthTech · UK | 2020 |
| TransactionLink Fintech · Germany (co-HQ Poland) | 2021 |
| YuLife InsurTech · UK | 2021 |
Target Global Mobility 2.0 FundHarvestingVC2018€92M1 assets3 exitsVC2018 · 8yr€92M13
Unrealized
1 held| Company | Entry |
|---|---|
| REEF Technology Mobility · US | 2020 |
Target Global Early Stage Fund IHarvestingVC2017€100M27 assets6 exitsVC2017 · 9yr€100M276
Unrealized
27 held| Company | Entry |
|---|---|
| Amboss HealthTech · Germany | 2019 |
| Badi E-commerce · Spain | 2019 |
| Blue dot Software · Israel | 2017 |
| Choco FoodTech · Germany | 2019 |
| Conny Software · Germany | 2019 |
| Docplanner HealthTech · Poland | 2016 |
| Fresha SaaS · UK | 2018 |
| Grover E-commerce · Germany | 2017 |
| HeavenHR HR Tech · Germany | 2016 |
| Idomoo Software · Israel | 2019 |
| klarx E-commerce · Germany | 2018 |
| McMakler PropTech · Germany | 2019 |
| MediQuo HealthTech · Spain | 2018 |
| Omio Mobility · Germany | 2016 |
| Omni:us InsurTech · Germany | 2018 |
| Osome Software · Singapore | 2019 |
| Perk Business Services · Spain | 2018 |
| Plentific PropTech · UK | 2019 |
| Qedit Cybersecurity · Israel | 2019 |
| Rapyd Fintech · UK (Israel-rooted) | 2019 |
| Sharegain Fintech · UK | 2016 |
| Smartfrog Cybersecurity · Ireland/Germany | 2016 |
| TravelPerk SaaS · Spain | 2018 |
| VATBox Fintech · Israel | 2017 |
| Wefox InsurTech · Germany | 2016 |
| Zego Fintech · UK | 2019 |
| Zoovu AI/ML · US | 2019 |
Realized
6 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Auto1 Group Mobility · Germany | 2015 | 2021 | IPO | Sphera Master Fund | – |
| Crypto Facilities Fintech · UK | 2016 | 2019 | Trade Sale | Kraken | – |
| Cybellum Cybersecurity · Israel | 2017 | 2021 | Trade Sale | LG Electronics | – |
| Delivery Hero FoodTech · Germany | 2015 | 2017 | IPO | – | – |
| Minit Software · Slovakia | 2019 | 2022 | Trade Sale | Microsoft | – |
| Zooz Fintech · Israel | 2017 | 2018 | Trade Sale | PayU | – |
Portfolio platforms backed by Target Global made 5 researched add-on acquisitions during its ownership.
Frequently asked questions
- What investment strategy does Target Global focus on?
- Target Global focuses on VC, Growth strategies in the private equity space.
- How many portfolio companies does Target Global have?
- Target Global has 83 active portfolio companies and 14 completed exits and 5 funds tracked on GP Intel.
- Where is Target Global headquartered?
- Target Global is headquartered in Berlin, Germany.
- What is Target Global's assets under management?
- Target Global manages approximately €3.0B in assets under management.
- When was Target Global founded?
- Target Global was founded in 2015.
- What sectors does Target Global invest in?
- Target Global invests across Software, Financials, Consumer, Healthcare, TMT.
- What are Target Global's recent exits?
- Recent realized exits by Target Global include: Fullpath (2026) to Cox Automotive; Mono (2026) to Flutterwave; Cobee (2024) to Pluxee; Ermetic (2023) to Tenable; Seekret (2022) to Datadog; Minit (2022) to Microsoft; Auto1 Group (2021) to Sphera Master Fund; Cybellum (2021) to LG Electronics.
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Last updated August 2026 · Sourced from public filings · Report an issue