German VC Target Global holds €100m first close


German venture capital investor Target Global has held a €100m first close of its latest vehicle.

Target Global Early Stage Fund I will invest in seed and Series A rounds, and is expected to deploy capital to up to 20 companies.

It will primarily invest across Germany and Israel as well as the other countries in Europe.

The fund will continue Target’s original strategy of investing across a range of sectors, including FinTech, InsurTech, RegTech, software, marketplaces and mobility.

Target has more than $500m in assets under management and operates from Berlin, Tel Aviv, San Francisco and Moscow.

Since 2012, the firm has invested in more than 40 companies, including VATBox, Blackmoon, Delivery Hero and Dreamlines.

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