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
Key facts
Recent exits
Coverage notes
5 funds tracked, 97 portfolio companies (83 active · 14 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
97 companiesFintech
25 · 26%
Software
19 · 20%
AI/ML
10 · 10%
HealthTech
10 · 10%
Mobility
8 · 8%
Cybersecurity
5 · 5%
FoodTech
5 · 5%
PropTech
5 · 5%
Funds & portfolio
Every fund Target Global has raised, with its portfolio companies. Hand-checked from public filings.
5 funds
Target Global Early Stage Fund IIIVC2022 · 4yr23 active
Unrealized
23 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Software | Israel | 2022 | |
| Fintech | Estonia | 2022 | |
| Cybersecurity |  US | 2022 | |
| Fintech | Nigeria | 2022 | |
| Fintech |  UK | 2023 | |
| AI/ML | UK | 2022 | |
| Software |  Germany | 2023 | |
| AI/ML | UK | 2023 | |
| FoodTech | Israel | 2022 | |
| Software |  Spain | 2022 | |
| AI/ML | Israel | 2023 | |
| FoodTech | Israel | 2022 | |
| Fintech | Nigeria | 2022 | |
| PropTech | Germany | 2022 | |
| AI/ML | Germany | 2023 | |
| Fintech | Germany | 2022 | |
| HealthTech | Israel | 2022 | |
| HealthTech | Germany | 2022 | |
| HealthTech | US | 2022 | |
| AI/ML |  Belgium | 2024 | |
| Software | Poland/USA | 2024 | |
| Fintech | Poland | 2022 | |
| PropTech | US | 2022 |
1MRoboticsActive
SoftwareIsrael· Entry 2022
3commasActive
FintechEstonia· Entry 2022
AnonybitActive
CybersecurityUS· Entry 2022
US· Entry 2022CasavaActive
FintechNigeria· Entry 2022
CommunionActive
FintechUK· Entry 2023
UK· Entry 2023DecipadActive
AI/MLUK· Entry 2022
UK· Entry 2022EnterActive
SoftwareGermany· Entry 2023
Germany· Entry 2023FerryActive
AI/MLUK· Entry 2023
UK· Entry 2023Forsea FoodsActive
FoodTechIsrael· Entry 2022
FreeverseActive
SoftwareSpain· Entry 2022
Spain· Entry 2022GraphitiActive
AI/MLIsrael· Entry 2023
ImagindairyActive
FoodTechIsrael· Entry 2022
IndicinaActive
FintechNigeria· Entry 2022
JusthomeActive
PropTechGermany· Entry 2022
Germany· Entry 2022KommentActive
AI/MLGermany· Entry 2023
Germany· Entry 2023lucaActive
FintechGermany· Entry 2022
Germany· Entry 2022MasterschoolActive
HealthTechIsrael· Entry 2022
Patient21Active
HealthTechGermany· Entry 2022
Germany· Entry 2022Reverence CareActive
HealthTechUS· Entry 2022
US· Entry 2022RobovisionActive
AI/MLBelgium· Entry 2024
Belgium· Entry 2024SaleorActive
SoftwarePoland/USA· Entry 2024
SymmetricalActive
FintechPoland· Entry 2022
ZorbaActive
PropTechUS· Entry 2022
US· Entry 2022Target Global Growth Fund IIGrowthHarvesting2021 · 5yr€300M2 active · 1 realized
Unrealized
2 heldTarget Global Early Stage Fund IIVCHarvesting2020 · 6yr€120M30 active · 4 realized
Unrealized
30 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Software | Germany | 2021 | |
| E-commerce |  France | 2020 | |
| Software |  Netherlands | 2021 | |
| AI/ML | Germany | 2021 | |
| Software | Germany | 2020 | |
| Software | Germany | 2020 | |
| EdTech | Nigeria | 2021 | |
| AI/ML | Germany | 2020 | |
| Fintech | Netherlands | 2020 | |
| Fintech | France | 2021 | |
| HealthTech | UK | 2021 | |
| Fintech | Israel | 2021 | |
| Gaming | Spain | 2021 | |
| Software | Spain | 2021 | |
| AI/ML | Israel | 2021 | |
| Fintech | Nigeria | 2020 | |
| EdTech | Netherlands | 2021 | |
| Fintech | US | 2021 | |
| E-commerce | Germany | 2021 | |
| Fintech | Estonia | 2020 | |
| FoodTech | Netherlands | 2020 | |
| Cybersecurity | Israel | 2020 | |
| HealthTech | UK | 2021 | |
| Software | France | 2021 | |
| HealthTech | Cyprus | 2020 | |
| Fintech | Bahrain/UAE | 2021 | |
| HealthTech | US | 2021 | |
| PropTech | UK | 2020 | |
| Fintech | Germany (co-HQ Poland) | 2021 | |
| Fintech | UK | 2021 |
AblefyActive
SoftwareGermany· Entry 2021
Germany· Entry 2021BrandedActive
E-commerceFrance· Entry 2020
France· Entry 2020CrispActive
SoftwareNetherlands· Entry 2021
Netherlands· Entry 2021DabbelActive
AI/MLGermany· Entry 2021
Germany· Entry 2021DemodeskActive
SoftwareGermany· Entry 2020
Germany· Entry 2020DoctorlyActive
SoftwareGermany· Entry 2020
Germany· Entry 2020EdukoyaActive
EdTechNigeria· Entry 2021
EndelActive
AI/MLGermany· Entry 2020
Germany· Entry 2020FinomActive
FintechNetherlands· Entry 2020
Netherlands· Entry 2020FintectureActive
FintechFrance· Entry 2021
France· Entry 2021Flo HealthActive
HealthTechUK· Entry 2021
UK· Entry 2021FuseActive
FintechIsrael· Entry 2021
GamestryActive
GamingSpain· Entry 2021
Spain· Entry 2021InvopopActive
SoftwareSpain· Entry 2021
Spain· Entry 2021KarmaActive
AI/MLIsrael· Entry 2021
KudaActive
FintechNigeria· Entry 2020
LepayaActive
EdTechNetherlands· Entry 2021
Netherlands· Entry 2021LiliActive
FintechUS· Entry 2021
US· Entry 2021MaydActive
E-commerceGermany· Entry 2021
Germany· Entry 2021MercuryoActive
FintechEstonia· Entry 2020
Mosa MeatActive
FoodTechNetherlands· Entry 2020
Netherlands· Entry 2020Orchestra GroupActive
CybersecurityIsrael· Entry 2020
PaltaActive
HealthTechUK· Entry 2021
UK· Entry 2021RoutineActive
SoftwareFrance· Entry 2021
France· Entry 2021SimpleActive
HealthTechCyprus· Entry 2020
Tarabut GatewayActive
FintechBahrain/UAE· Entry 2021
The VetsActive
HealthTechUS· Entry 2021
US· Entry 2021ThrivaActive
PropTechUK· Entry 2020
UK· Entry 2020TransactionLinkActive
FintechGermany (co-HQ Poland)· Entry 2021
YuLifeActive
FintechUK· Entry 2021
UK· Entry 2021Realized
4 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Software | Spain | 2021 | 2024 | Trade Sale | – | ||
| Cybersecurity | Israel | 2021 | 2023 | Trade Sale | – | ||
| Fintech | Nigeria | 2021 | 2026 | Trade Sale | – | ||
| Software | Israel | 2020 | 2022 | Trade Sale | – |
Target Global Mobility 2.0 FundVCHarvesting2018 · 8yr€92M1 active · 3 realized
Target Global Early Stage Fund IVCHarvesting2017 · 9yr€100M27 active · 6 realized
Unrealized
27 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| HealthTech | Germany | 2019 | |
| E-commerce | Spain | 2019 | |
| Software | Israel | 2017 | |
| FoodTech | Germany | 2019 | |
| Software | Germany | 2019 | |
| HealthTech | Poland | 2016 | |
| SaaS | UK | 2018 | |
| E-commerce | Germany | 2017 | |
| HR Tech | Germany | 2016 | |
| Software | Israel | 2019 | |
| E-commerce | Germany | 2018 | |
| PropTech | Germany | 2019 | |
| HealthTech | Spain | 2018 | |
| Mobility | Germany | 2016 | |
| Fintech | Germany | 2018 | |
| Software | Singapore | 2019 | |
| Mobility | Spain | 2018 | |
| PropTech | UK | 2019 | |
| Software | Israel | 2019 | |
| Fintech | UK (Israel-rooted) | 2019 | |
| Fintech | UK | 2016 | |
| Cybersecurity | Ireland/Germany | 2016 | |
| Mobility | Spain | 2018 | |
| Fintech | Israel | 2017 | |
| Fintech | Germany | 2016 | |
| Fintech | UK | 2019 | |
| AI/ML | US | 2019 |
AmbossActive
HealthTechGermany· Entry 2019
Germany· Entry 2019BadiActive
E-commerceSpain· Entry 2019
Spain· Entry 2019Blue dotActive
SoftwareIsrael· Entry 2017
ChocoActive
FoodTechGermany· Entry 2019
Germany· Entry 2019ConnyActive
SoftwareGermany· Entry 2019
Germany· Entry 2019DocplannerActive
HealthTechPoland· Entry 2016
FreshaActive
SaaSUK· Entry 2018
UK· Entry 2018GroverActive
E-commerceGermany· Entry 2017
Germany· Entry 2017HeavenHRActive
HR TechGermany· Entry 2016
Germany· Entry 2016IdomooActive
SoftwareIsrael· Entry 2019
klarxActive
E-commerceGermany· Entry 2018
Germany· Entry 2018McMaklerActive
PropTechGermany· Entry 2019
Germany· Entry 2019MediQuoActive
HealthTechSpain· Entry 2018
Spain· Entry 2018OmioActive
MobilityGermany· Entry 2016
Germany· Entry 2016Omni:usActive
FintechGermany· Entry 2018
Germany· Entry 2018OsomeActive
SoftwareSingapore· Entry 2019
PerkActive
MobilitySpain· Entry 2018
Spain· Entry 2018PlentificActive
PropTechUK· Entry 2019
UK· Entry 2019QeditActive
SoftwareIsrael· Entry 2019
RapydActive
FintechUK (Israel-rooted)· Entry 2019
SharegainActive
FintechUK· Entry 2016
UK· Entry 2016SmartfrogActive
CybersecurityIreland/Germany· Entry 2016
TravelPerkActive
MobilitySpain· Entry 2018
Spain· Entry 2018VATBoxActive
FintechIsrael· Entry 2017
WefoxActive
FintechGermany· Entry 2016
Germany· Entry 2016ZegoActive
FintechUK· Entry 2019
UK· Entry 2019ZoovuActive
AI/MLUS· Entry 2019
US· Entry 2019Realized
6 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Mobility | Germany | 2015 | 2021 | IPO | – | ||
| Fintech | UK | 2016 | 2019 | Trade Sale | – | ||
| Cybersecurity | Israel | 2017 | 2021 | Trade Sale | – | ||
| FoodTech | Germany | 2015 | 2017 | IPO | – | – | |
| Software | Slovakia | 2019 | 2022 | Trade Sale | – | ||
| Fintech | Israel | 2017 | 2018 | Trade Sale | – |
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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
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Last updated August 2026 · Sourced from public filings · Report an issue