Target Global

Quick read

Target Global is a pan-European multi-stage VC firm founded in 2012, headquartered in Berlin with additional presence in London and Cyprus. It manages over €3 billion in AUM and backs companies from pre-seed through pre-IPO. Its portfolio includes high-profile names like Delivery Hero, Revolut, Auto1 Group, and Rapyd — spanning fintech, consumer, and marketplace sectors.

Key facts

Founded

2012

Founders

Shmuel Chafets, Yaron Valler

Employees

33

Sectors

generalist, fintech, consumer

Website

targetglobal.vc

Investment thesis

Target Global backs technology companies across all stages — pre-seed to pre-IPO — with a concentration in fintech, consumer, healthtech, mobility, and SaaS. It targets pan-European opportunities while co-investing with a broad network, deploying capital across multiple fund vehicles from early-stage to growth.

Recent activity

• Feb 2026investment
  Target Global invested in Nimble Way, its first disclosed investment of 2026. tracxn.com
• Jun 2025investment
  Participated in Enter's €20M Series B round alongside Coatue and Partech Partners. tracxn.com
• Mar 2025investment
  Joined the $7M seed round for Israel-based Alta alongside Entree Capital. tracxn.com
• Nov 2024investment
  Participated in Tourlane's $26M Series D led by Sequoia Capital for its AI-powered travel planning platform. tracxn.com
• 2024leadership
  Partner Lina Chong departed after nearly seven years to join HV Capital in London, one of two senior partner exits in a six-month window. sifted.eu
• 2024press
  Restructured its senior team and began actively selling secondaries positions, per Sifted reporting. sifted.eu

Notable investments

• Nimble WayundisclosedFeb 2026tracxn.com
• EnterSeries BJun 2025tracxn.com
• AltaSeedMar 2025tracxn.com
• TourlaneSeries DNov 2024tracxn.com
• RobovisionSeries A2024linkedin.com
• Revolutundisclosedundisclosedparsers.vc
• Delivery Heroundisclosedundisclosedparsers.vc
• Auto1 Groupundisclosedundisclosedparsers.vc
• Rapydundisclosedundisclosedparsers.vc

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

• Yaron Valler · General Partner & Co-founder
• Alexander Frolov · General Partner & Co-founder
• Mike Lobanov · General Partner & Co-founder
• Shmuel Chafets · General Partner
• Ricardo Schäfer · Partner

Sources

• Target Global - Portfolio, Partners, Reviews, News
• Target Global - 2026 Investor Profile, Portfolio, Team & Investment Trends - Tracxn
• Target Global restructures senior team and ramps up sale of secondaries | Sifted
• Target Global - Crunchbase Company Profile & Funding
• Zooming in on European tech VC and LP trends: An interview with Target Global Partner Pedro Barros
• Target Global | Investor Profile, Funding Criteria & Team

Other VCs in Germany

• Earlybird Venture Capital · Multi-stage VC, Berlin·
• Project A Ventures · Early-stage VC, Berlin·
• Cherry Ventures · Early-stage VC, Berlin·
• Point Nine Capital · SaaS-only VC, Berlin·
• High-Tech Gründerfonds · Seed VC, Bonn·
• HV Capital · Multi-stage VC, Munich (ex-Holtzbrinck Ventures)

Explore VCs by sector

• Generalist in Germany
• Fintech in Germany
• Consumer in Germany

Globally

• Generalist worldwide
• Fintech worldwide
• Consumer worldwide

Frequently asked