Target Global Overview
Target Global is a pan-European technology investment firm with more than €3 billion in assets under management. It invests in companies across all stages of their lifecycle, from pre-seed to pre-IPO. Since 2015, Target has invested in global companies including Delivery Hero, Revolut, Rapyd, and many others. Target’s experienced team of investors, many of whom began their journeys as founders and operators, help exceptional entrepreneurs build leading companies that target trillion-dollar markets. Target has five offices around the world with investing offices across Berlin, London, Tel Aviv, Barcelona, and most recently, Abu Dhabi.
Latest News
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European venture firm's SPAC Target Global Acquisition I lowers deal size by 20% ahead of $200 million IPO
Target Global Acquisition I, a blank check company, has lowered the proposed deal size for its upcoming IPO. The company now plans to raise $200 million, 20% less than previously anticipated. It is focused on identifying European and Israeli technology companies and will list on the Nasdaq under the symbol TGAAU. UBS Investment Bank and BofA Securities are the joint bookrunners on the deal.
Public Trading
growth-positive
European venture firm's SPAC Target Global Acquisition I files for a $250 million IPO
Target Global Acquisition I, a blank check company formed by Target Global, plans to raise up to $250 million in an initial public offering (IPO). The company focuses on European and Israeli tech companies and aims to create long-term value through its managements expertise. The IPO will consist of 25 million units at $10 each, with each unit containing one share of common stock and one-third of a warrant. Target Global Acquisition I may also raise an additional $50 million through forward purchase agreements. The company is led by CEO Shmuel Chafets and CFO Heiko Dimmerling. It was founded in 2021 and intends to list on the Nasdaq under the symbol TGAAU, with Credit Suisse as the sole bookrunner.
Public Trading
growth-positive
This is where Target Global wants to invest its new €300m+ fund
Pan-European VC firm Target Global has reached first close on a new €300m fund, bringing the total assets under its management to €1bn. The firm aims to invest in fintech, SaaS, and wellness startups, with a focus on Europes emerging economies. Target partnered with UBS and secured commitments from various new LPs. The new fund will make initial investments of €10-20m and will target sectors such as fintech, SaaS-enabled marketplaces, Industry 4.0, and healthcare/wellness technologies. Target is also interested in companies outside of traditional innovation hubs and sees potential in emerging European economies. Berlin remains a focus for Target, with the firm expecting more success for startups in the city.
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FERI Group and Target Global Join Forces for New Growth Fund
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Target Global has a €1M 'super seed' pot incoming to switch on laid off tech talent in Spain during COVID-19
Target Global and several Spains startup founders are allocating €1 million to support local tech talent laid off or furloughed due to the coronavirus crisis. The initiative aims to provide pre-seed financing to help crisis-hit tech workers switch gears and build out a startup concept. Target Global is contributing €500,000 from its early stage fund, while local founders are chipping in another €500,000. The initiative could initially support around 10 aspiring entrepreneurs. Applicants must be located in Spain and have some minimum amount of experience in startups or technology. The funds will cover living expenses and initial startup costs for four to six months. Target Global will be accepting applications through a landing page. The initiative is seen as a growth-positive move for the company.
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Team Members
5
Web & Social Links
| Website | www.targetglobal.vc/ |
Locations
Rothschild Blvd 13, Tel Aviv-Yafo, Israel
16-19 Eastcastle St, London W1W 8DA, UK
Abu Dhabi - United Arab Emirates
Barcelona, Spain
Münzstraße 19, 10178 Berlin, Germany
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