Target Global holds €120m ‘one and done’ final close for Early-Stage Fund II


Target Global has secured the ‘one and done’ final close of its second early-stage focused fundraise after pulling in €120m.

This latest fundraising has driven Target Global’s assets under management to over €800m.

Target Global previous raised €100m for the first fund in the series back in September 2017.

The Berlin-headquartered firm will use Fund II to participate in Seed and Series A rounds for companies in located across Europe and Israel.

The buyout house will target businesses across the retail, financial services, food, mobility, healthcare, and manufacturing sector.

In the past, Target Global has backed portfolio companies such as  Auto1, Delivery Hero, wefox, TravelPerk and Rapyd.

“There has never been a better time for early-stage investments in Europe: we’re seeing excellent founding teams building global category leaders in truly European industries, and that’s a key element of our investment thesis,” said Target Global general partner and vice-chairman Shmuel Chafets.

“At the same time, European ecosystems have seen a step change in recent years in quality, scale and a community of experienced entrepreneurs. We are excited to be backing innovators and disruptors both in B2B and B2C markets.”

Alongside the fundraise, Target Global has appointed FinTech and PropTech specialist Ricardo Schäfer as its newest partner in Fund II.

Two years ago, Target Global pulled in $100m for an evergreen fund targeting deals in businesses looking to disrupt the transport sector.

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