Target Global

Founded 2012
Founders Alex Frolov

Overview

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 104
Average round size
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The average size of a deal this fund participated in
$39M
Portfolio companies 62
Rounds per year 6.89
Lead investments 14
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.29
Exits 8
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • E-Commerce
  • Financial Services
  • FinTech
  • SaaS
  • Software
Summary

Target Global is the famous VC, which was founded in 2012. The main department of described VC is located in the Berlin. The company was established in Europe in Germany.

The current fund was established by Alex Frolov. We also calculated 11 valuable employees in our database.

The typical case for the fund is to invest in rounds with 4-5 participants. Despite the Target Global, startups are often financed by Piton Capital, DN Capital, Point Nine Capital. The meaningful sponsors for the fund in investment in the same round are Hasso Plattner Ventures, DN Capital, HV Holtzbrinck Ventures. In the next rounds fund is usually obtained by Piton Capital, Kinnevik AB, Hasso Plattner Ventures.

For fund there is a match between the country of its foundation and the country of its the most frequent investments - Germany. Among the most popular portfolio startups of the fund, we may highlight Delivery Hero, Auto1 Group, Blue Apron. Moreover, a startup needs to be at the age of 2-3 years to get the investment from the fund. Among the most successful fund investment fields, there are Travel, Marketplace. The fund has no specific favorite in a number of founders of portfolio startups. When startup sums 4 of the founder, the probability for it to get the investment is little.

Opposing the other organizations, this Target Global works on 15 percentage points less the average amount of lead investments. The increased amount of exits for fund were in 2017. The real fund results show that this VC is 14 percentage points more often commits exit comparing to other companies. The common things for fund are deals in the range of 10 - 50 millions dollars. The typical startup value when the investment from Target Global is more than 1 billion dollars. The fund is constantly included in 7-12 deals per year. The high activity for fund was in 2019.

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Notable deals

CompanyIndustryRoundRound SizeDateInvestorsLocation

Fresha

Beauty
Marketplace
SaaS
Scheduling
Small and Medium Businesses
Late Stage Venture
100M11 Jun 2021
United Kingdom, London

OSOME

Accounting
Artificial Intelligence
SaaS
Software
Early Stage Venture
16M10 Jun 2021

Late Stage Venture
650M01 Jun 2021

Copper

Apps
CRM
Developer Platform
Developer Tools
Enterprise Software
Identity Management
SaaS
Sales
Software
Early Stage Venture
51M18 May 2021 United States, San Francisco

Lili

Apps
Banking
Financial Services
Financial Software
FinTech
Other Commercial Banks
Software
Early Stage Venture
55M11 May 2021 United States, New York

Late Stage Venture
160M29 Apr 2021

Early Stage Venture
25M22 Mar 2021

Zego

Auto Insurance
Commercial Insurance
Insurance
InsurTech
Late Stage Venture
150M10 Mar 2021 United Kingdom, London

Flink Food

E-Commerce
Food and Beverage
Grocery
Internet
Seed
52M02 Mar 2021 Germany, Berlin
News
elopage Raises USD38M in Series A Funding
– elopage is a Berlin, Germany-based SaaS platform and payment provider for digital entrepreneurs, creators, SMEs and enterprise businesses. – The company closed a USD 38m (EUR 32m) initial funding round. – The round was led by Target Global, Partech Ventures and Avid Ventures. – The new investment will be used to grow its team from 70 to 190 by the end of the year, expand across Europe, and invest further in its proprietary end-to-end platform. Read more
Plentific Raises $100M in Series C Funding
– Plentific is a London, UK-based platform for smart property management. – The company raised $100m in Series C funding. – The round was led by new investors Highland Europe and Brookfield Technology Partners alongside Mubadala Investment Company (Mubadala) and RXR Digital Ventures, as well as existing investors A/O PropTech and Target Global. – The new investment will be used to expand the company’s presence in the United States, and globally, and to accelerate its engineering and product developme... Read more

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