Target Global

The venture capital company, which operates more than $500 million, has offices in Berlin (head office), Moscow, San Francisco and Tel Aviv. Target Global is investing in fast-growing companies with a key focus on fast-growing B2C and B2 SMB technologies in fintech, travel, software and mobile.

Since 2012, Target Global has invested more than 40 companies, including Delivery Hero, Blue Apron, Dreamlines, Prosper, Juno, VATBox, Blackmoon, DocPlanner, WeFox, Lemoncat, Auto1 and many others.

2024: Investment information from Roman Abramovich

In early January 2024, information appeared that the Target Global venture capital fund founded by Russians managed tens dollars of millions on behalf of. Roman Abramovich As a result, the sanctioned Russian businessman was able to get shares in some of the largest. startups Europe

According to Forbes, thanks to cooperation with the London venture capital firm Target Global, Abramovich invested more than $63 million in a number of European companies. In particular, in 2018, the businessman invested $25 million as an "anchor" limited partner in one of the first Target funds - Target Global Mobility 2.0. These funds were used to support the European company Circ, which offers electric scooters for rent (in 2020, the service was acquired by the American Bird, which filed for bankruptcy).

According to disclosed documents, Abramovich and his holding companies issued large loans to Target Global's special purpose units to indirectly buy stakes in startups. For example, between 2020 and 2021, the businessman provided Target Global with a series of loans totaling $23.5 million to invest in the Flo women's health tracking service. And in May 2017, Abramovich provided $10 million to a special unit Helium to buy a stake in the Berlin food delivery startup Delivery Hero.

The businessman's family office has also drafted a contract with a fund to manage the billionaire's personal investments in British semiconductor company Compound Photonics.

At the same time, Target Global states that Abramovich's investments account for 2% of all assets under the management of the organization, limited to one fund and "a small number of joint projects."^[1]

2022

Investing in Voyantis

In early July 2022, Target Global, founded by Russians, invested in an AI platform to attract and retain Voyantis customers. The startup raised $19 million in seed funding. Read more here.

Investing in Indoor Robotics

Indoor Robotics, which develops technological solutions for protecting homes and businesses, announced on June 15, 2022 the completion of Series A funding in the amount of $15 million. Read more here.

Investing in Indicina

Nigerian fintech startup Indicina, which creates an API lending infrastructure for Africa, announced on June 6, 2022 that it would raise $3 million in funding to accelerate its expansion into other African markets. Read more here.

Investing in Kapaga

On May 27, 2022, Kapaga, a cross-border payments platform for small and medium-sized enterprises, raised $1.9 million in funding. The round was led by Target Global, with the participation of a number of angel investors specializing in investments in the fintech sector. Read more here.

Investing in Casava

In May 2022, it became known about investing $4 million in Casava. The funding round was led by a fund with Russian roots Target Global, with contributions from Entrée Capital, Oliver Jung, Monzo founder Tom Blomfield and Stash founders Ed Robinson and Brandon Krieg. African founders such as Uche Pedro (founder of BellaNaija), Babs Ogundeyi and Musti Mustafa (co-founders of Kuda), Shola Akinlade (co-founder of Paystack), Olugbenga "GB" Agboola (co-founder of Flutterwave), Hani Ogundeyi (founder of Edukoya), Opeyemman and co-founder of Obawi. Read more here.

Investing in Israeli food tech company Imagindairy

On May 18, 2022, FoodTech startup Imagindairy, which develops animal-free dairy proteins, raised an additional $15 million as part of an expanded seed round. The first round, held in November 2021, brought in $13 million. Thus, the total investment amounted to $28 million, which makes it one of the most profitable rounds of seed financing in the field of alternative proteins. Read more here.

Investing in Israel's Masterschool IT training platform

On May 19, 2022, the Tel Aviv-based e-learning and career training platform Masterschool announced the completion of a $100 million seed round to expand the network of partner schools as a means of addressing technical personnel around the world. Read more here.

Investing in Mayd's drug delivery service

At the end of October 2021, Mayd raised $15 million in investments from Earlybird, 468 Capital and the Russian-founded venture capital fund Target Global. The funds received will go to scale the project business. Read more here.

2021

Investing in the Ermetic service, which detects cyber intrusions in the network of companies

On December 15, 2021, Ermetic, a cloud cybersecurity company, announced the closure of a $70 million funding round. He was headed by the Qumra Capital fund, Forgepoint Capital, Accel, Glilot Capital Partners, Norwest Venture Partners and the Target Global fund founded by Russians also took part in the transaction. The total investment in the startup amounted to about $100 million. The Company does not disclose its estimated value. Read more here.

Investing in African small business app Kippa

Nigerian business accounting service Kippa in November 2021 attracted $3.2 million in investments, in particular from Target Glolbal. The startup plans to expand its small business financial management app. Read more here.

Investing in AI developer for online shopping Karma

On October 14, 2021 startup Karma , he announced the raising of $25 million as part of a series A funding round led by Target Global and MoreTech Ventures. Also involved in the deal were the NFX funds and. Altair Capital More. here

Investing in German drug delivery service Mayd

At the end of October 2021, Mayd raised $15 million in investments from Earlybird, 468 Capital and the Russian-founded venture capital fund Target Global. The funds received will go to scale the project business. Read more here.

Investing in African fintech startup Mono

October 11, 2021 African fintech-startup Mono announced the holding of series A in the amount of $15 million. This round followed a $2 million seed fund raised in May 2021. here More.

Investing $50m in women's health platform Flo Health

On September 9, 2021, Flo Health announced that it had raised $50 million in investments. According to the results of the Series B funding round, the developer of the application for women's health, founded by Belarusians, was estimated at $800 million. Read more here.

Investing in digital bank Kuda

In early August 2021, a digital bank Kuda from Nigeria raised $55 million as part of the Series B investment round, the estimate startup reached $500 million. Kuda, where the Target Global fund has invested, said that the funds raised will be used to expand operations, including providing cheaper and more customized services, as well as to prepare for the launch of the service in other African countries. More. here

Investing in health app developer Palta

In early August 2021, Palta announced the attraction of $100 million in investments. The Series B funding round was led by Per Per Brilliot of VNV Global and was also attended by Target Global and several other investors. Taking into account this transaction, the total amount of funds raised by Palta reached $139 million. The estimated cost of the startup is not called. Read more here.

Investing in YuLife Employee Insurance Platform

In mid-July 2021, insurtech-startup YuLife raised $70 million as part of the investment round of series B. The round was headed by the Russian fund Target Global, and new investors Euraseo and Latitude, as well as existing Creandum, Vision Capital and Anthemis, also invested in the startup. here More.

Investing in fintech startup Mercuryo

At the end of June 2021, Britishfintechstartup Mercuryo it raised $7.5 million. The Series A investment round was led by Russian venture capital firm Target Global. The company also led Mercuryo's 2020 seed funding round, in which the startup received $2.5 million. Since its founding in 2018, Mercuryo has raised more than $10 million. here More.

Investing in the British online service for registration in beauty salons and SPA Fresha

In mid-June 2021, the British online service for recording for health and cosmetic procedures Fresha raised $100 million. The series C investment round was headed by the General Atlantic fund, existing investors Target Global, FJ Labs, Partech, as well as Huda Kattan, Michael Zeisser of FMZ Ventures and Jonathan Green of Lugard Road Capital invested in the service. Read more here.

Investing in Osome Business Process Automation Service

In June 2021, Target Global funds Phystech Ventures AltaIR Capital , and again invested Osome in the Singapore co-founder company. " The $16 Rocketbank Viktor Lysenko million round was also attended by the fund S16VC the co-founder, courier Payment Systems Anatolia Maryina service partner Dostavista Alexander Shamis, the founder of the Food Party Mikhail Peregudov and the former executive director Goldman Sachs in Oleg Russia Bibergan. More. here

Investing in the BestDoctor telemedicine service

On June 10, 2021, it became known about the company's attraction BestDoctor of investments in the amount of $26 million from the fund (Winter Capital Partners the largest investor is Vladimir Potanin's Interros), the Swedish fund VNV Global and the Austrian insurance company Uniqa, which is part of the international group. Raiffeisen Bank International Also invested in the project funds, and AddVenture Target Global LVL 1. More. here

Investing in insurtech startup Wefox

At the beginning of June 2021, the Berlin insurtech announced startup Wefox the attraction of $650 million in investments. The investment round was headed by the Target Global fund founded by Russians, the Ukrainian fund GR Capital, Sound Ventures, Partners Group, Jupiter, Decisive Wealth and others also took part in it. This is a record amount for a startup that has increased Wefox's valuation by 3 times (to $3 billion) since raising funds in 2019. here More.

Investing in digital bank for Lili freelancers

In May 2021, the investment company AltaIR Capital, founded  by Igor Ryabenky, as well as AltaClub investors invested in Lili. A Series B funding round of $55 million was held, led by Group 11. Also involved in the deal were a large American investment fund Target Global, Zeev Ventures and Foundation Capital funds. Read more here.

Investing in Fintecture Instant Payment for Business

In May 2021 Fintecture , it announced the attraction of $7.5 million. The funding round was led by the Target Global fund founded by Russians. In addition, Samaipata and, Société Générale as well as the founders and employees of Adyen,,, Affirm American Express Facebook Payments,, and. Google PayPal Snapchat More. here

Investing in TravelPerk hotel and auto booking service

In early May 2021, Target Global invested in a hotel and car booking platform from various TravelPerk services. Greyhound Capital, DST, Kinnevik, Felix Capital, Spark Capital, Heartcore, LocalGlobe and Amplo also participated in this $160 million funding round. Read more here.

Investing in tax platform developer Blue dot

In mid-April 2021, Blue dot raised $32 million. Ibex Investors, Lutetia Technology Partners, as well as previous investors Lamaison Partners, Viola and the Target Global fund founded by Russians took part in the investment round. Read more here.

Investing in Nigerian digital bank Kuda

In mid-March 2021 startup Kuda , from Nigeria raised $25 million in the investment round of series A. The round was headed by Valar Ventures and the Target Global fund founded by Russians, other unnamed investors also invested in the digital bank. More. here

Investing in Zego's smart insurance service

In mid-March 2021, the smart insurance service Zego raised $150 million and was valued at $1.1 billion following a funding round. Investors were DST Global Yuri Milner Target Global, founded by Russians, as well as funds from General Catalyst, Balderton Capital and Latitude. More. here

Investing in a food delivery service

In early March 2021, the Berlin company Flink, which delivers fresh food, raised $52 million. The round was led by the Russian-founded Target Global fund and investors Northzone, Cherry Ventures and Silicon Valley-based TriplePoint Capital. Read more here.

Investing in online supermarket Crisp

In early March 2021 startup Crisp , he raised 30 million euros as part of the Series B financing round. The round was headed by the Target Global fund founded by Russians, and Keen Venture Partners and co-founders of Adyen, Takeaway.com. invested in an online supermarket. More. here

Investing in the Tarabut Gateway fintech project

At the end of February 2021, the Bahraini fintech company Tarabut Gateway raised $13 million in a round led by the European venture capital fund Target Global, founded by Russians. It was joined by British companies Kingsway and Entrée Capital, as well as regional investors such as CE Ventures, Zamil Investment Group, Global Ventures, Almoayed Technologies and Mad'a Investment. Read more here.

Investing in UAE fintech startup FlexxPay

In mid-February, it became known that the Target Global venture fund supported fintech-startup FlexxPay from. UAE FlexxPay will direct the funding received to modernize the technology platform and expand the corporate customer base. More. here

Investing in a company to buy businesses from sellers on Amazon Branded Group

In mid-February 2021, Branded Group announced the attraction of $150 million in investments. The main funding for Branded comes from Target Global, which is called the "co-founder" of the startup, along with two other co-founders Pierre Poignant and Michael Ronen. Read more here.

Investment in fintech startup Rapyd

In January 2021, Rapyd announced the attraction of $300 million in investments. The Series D round featured Target Global. Also among those who invested in the startup were Spark Capital, Avid Ventures, FJ Labs and Latitude, General Catalyst, Oak FT, Tiger Global, Durable Capital, Tal Capital and Entrée Capital. Read more here.

2020

In January 2021, Rapyd announced the attraction of $300 million in investments. The Series D round featured Target Global. Also among those who invested in the startup were Spark Capital, Avid Ventures, FJ Labs and Latitude, General Catalyst, Oak FT, Tiger Global, Durable Capital, Tal Capital and Entrée Capital.

Investing in the Russian diet control service Simple

In December 2020, startup Simple announced an investment of 4.1 million euros. As part of the Series A round, the company was valued at 34.6 million euros. Read more here.

Investing in food tech startup Mosa Meat

On December 7, 2020, Mosa Meat announced the closure of the Series B financing round, as a result of which the startup attracted a total of 63 million euros in investments. Investors included Target Global as well as Mitsubishi Corporation, Blue Horizon Ventures, ArcTern Ventures and Rubio Impact Ventures. Read more here.

Creation of the Global Growth Fund to invest in financial and software companies

In November 2020, Target Global announced the launch of a new fund in conjunction with FERI Group - Target Global Growth Fund. It is designed to invest in startups with serious growth potential that offer digital products and services for large and primarily global markets. Read more here.

Investment in Finom

At the end of September 2020, Finom announced it had raised €10.3 million in investments. Taking into account this round of financing, the total amount of money received by the fintech startup since the beginning of 2020 has reached €16.8 million. Read more here.

Investment in Endel AI service

At the end of September 2020, the German AI service with Russian roots Endel raised $5 million to create music that helps users focus, relax and sleep. Инвесторами стали SleepScore Ventures, Techstars Ventures, Impulse Ventures, Plus 8 Equity Partners, Waverley Capital, Amazon Alexa Fund и Target Global. Read more here.

Investing $1 million in the fintech company "Money Forward"

On August 19, 2020, it became known that the fintech company Money Forward attracted $1 million in investments from a venture capital fund with Russian roots Target Global. Also, a startup that allows employees to receive a salary on any day, unnamed partners opened a credit line for 1 billion rubles for business development. Read more here.

Investment in BestDoctor

On July 20, 2020, it became known that BestDoctor had attracted about $4.5 million in investments. Venture funds AddVenture, Target Global and LVL1 co-founder of VKontakte Lev Leviev have invested in the health insurance service. LVL1 has previously invested in BestDoctor. Read more here.

Investment in the foodtech company Choco

Target Global, a fund with Russian roots, took part in a new round of investments in the startup Choco, a platform and mobile app developer that allows restaurants to quickly and centrally order all the necessary products from wholesale suppliers. During the new round, the volume of which amounted to $30.2 million, the company was valued at $250 million. Read more here.

Copper has raised millions of investments to tap into new markets

In mid-February 2020, Copper received $8 million in investments in the Series A funding round. The company plans to use the combined funds to expand the market. The funding round involved well-known business structures, including two UK venture capital firms LocalGlobe and MMC Ventures, as well as Berlin firm Target Global, which often makes strategic investments in European companies, according to the latest reports. Read more here.

2019: Investing in fintech company Osome in $3m round

At the end of November 2019, Osome announced it had raised $3 million in investments. The company intends to spend the funds received on business development in the British and Hong Kong markets. Read more here.

2017: Target Global Early Stage Fund I (Target Global ES Fund)

In September 2017, Target Global announced the launch of a new early investment fund with a total of volume of 100 million euros. The Target Global Early Stage Fund I (Target Global ES Fund) will specialize in investments in startups at the stages of the seed round and round A. The company expects that the fund will invest about 20 different companies in total, and the average investment amount will be about 2-5 million euros. Yaron Waller, Shmuel Hafets, Alexander Frolov and Mikhail Lobanov became partners of the fund.

The operational management of the fund will be carried out from the head office of Target Global in Berlin. Germany Israel will also become key regions for investment, but part of the capital will be allocated for European startups in other countries. Target Global ES Fund will bring together two rapidly developing technological ecosystems in Berlin and Tel Aviv, and will promote partnerships between these regions.