Target Global
VC Fund
Berlin, Germany
Target Global is a prominent European technology investment firm with a significant presence in the venture capital landscape, boasting over €3 billion in assets under management. The firm operates out of key tech hubs including London, Berlin, Tel Aviv, and Abu Dhabi, and has a rich portfolio featuring some of Europe's most successful tech companies such as Revolut, Auto1, Copper, Delivery Hero, Docplanner, and Rapyd. Founding and Growth Target Global was established in 2015 by Shmuel Chafets and Yaron Valler, who brought a wealth of experience from their tenure at Hasso Plattner Ventures. Their professional partnership dates back 15 years to their time at Giza Venture Capital, a trailblazer in Israel's investment ecosystem, where they honed their investment acumen and industry foresight. Investment Philosophy and Impact Target Global stands out in the European tech industry for its diverse team and its ability to identify and capitalize on unique opportunities. The firm's knack for recognizing potential in the early stages of Germany's tech economy led to the emergence of several unicorns in the 2010s. As the European tech industry evolves, Target Global remains at the forefront, seeking out innovative companies like Robovision, Saleor, and Finom. These recent investments reflect the firm's commitment to supporting cutting-edge technology and business models. Fundraising Successes Target Global's fundraising prowess is evident in its six investment funds, which have collectively raised significant capital. The funds range from Early Stage Funds, focusing on nascent startups, to Growth Funds that support more mature companies scaling their operations. The firm's co-investment strategy has led to over €1 billion in capital deployment across a diverse array of partnerships. Backing and Achievements With the backing of investors such as FERI, UBS, Allianz X, Mubadala, and Hermes GPE, Target Global has cemented its reputation as a trusted and successful investment firm. Its portfolio spans over 140 companies at various development stages, with a focus on those targeting trillion-dollar markets. Just a few of the many notable companies in the firm’s portfolio include: - Tarabut, MENA’s leading open banking platform, which was recently featured in Forbes Middle East’s list of Top 50 Fintech Companies. - Flo Health, an AI-driven women’s health product, which is the world’s top health and fitness app by downloads. - Robovision, an easy-to-use AI-driven computer vision platform for users to develop their own deep-learning-based solutions. - Enter, a German company that helps homeowners and businesses reduce their carbon footprint. Target Global's track record includes support for 15 unicorn companies, over 20 exits, and 7 IPOs, showcasing its ability to drive growth and success in the European tech ecosystem. The team, comprised of individuals with founder and operator backgrounds, continues to pursue exceptional opportunities to expand the firm's portfolio and influence. Target Global's journey from its inception to its current status as a key player in European venture capital is marked by strategic investments, a commitment to diversity, and a deep understanding of the tech industry's dynamics. With a clear vision for the future, Target Global is poised to continue its role in shaping the next wave of European tech giants.
- Total investments:
- 246
- Last investment:
- Lead investor:
- 40%
- Fund size:
- $214M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Target Global invests in
Stages Target Global invests in
Countries Target Global invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
| See all 11 contacts → | |||
Round size
- Seed
- $2M–$19M
- Series A
- $3.8M–$34M
- Series B
- $11M–$100M
Investment Focus
Industry
- Software 30 (12%)
- FinTech 29 (12%)
- Financial Services 26 (11%)
- Artificial Intelligence 23 (9%)
- E-Commerce 21 (9%)
Stage
- Series A 56 (23%)
- Seed 49 (20%)
- Series B 42 (17%)
- Series C 17 (7%)
- Venture - Series Unknown 15 (6%)
Country
- Germany 37 (15%)
- United States 22 (9%)
- Israel 20 (8%)
- United Kingdom 20 (8%)
- Russian Federation 10 (4%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Alex Frolov
CEO and General Partner
|
CEO and General Partner | Total investments: 18 | Find email | |
Ricardo Schaefer
Partner
|
Partner | Total investments: 40 | Find email | |
Anke Hecht
VP of Finance
|
VP of Finance | Total investments: 0 | Find email | |
Arthur Nafikov
VP Operations
|
VP Operations | Total investments: 0 | Find email | |
Bao-Y Van Cong
Partner
|
Partner | Total investments: 5 | Find email | |
| See all 11 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Health Force develops AI agents that automate administrative and operational workflows for hospitals and clinics. The company focuses on back-office tasks such as scheduling, billing, procurement, and insurance verification. Its AI agents integrate with existing hospital systems to handle repetitive digital work and reduce manual data entry. Health Force offers its agents on a subscription basis, allowing healthcare providers to adopt automation without major software changes. The service includes an AI readiness assessment, implementation support, and continuous optimization based on observed performance. By shifting routine logistics to AI, Health Force enables healthcare staff to spend more time on direct patient-related activities. | $4.8M / Seed / Sep 17, 2026 | ||
| Alta leverages data and AI to drive business growth 24/7. | $25M / Series A / Jul 08, 2026 | ||
| Nimble Way optimizes data collection pipelines for continuous, stable, accurate public web data capture by using IP infrastructure and external data platforms. They provide data gathering services to company needs. The people contact through phone number, email, and application form. | $47M / Series B / Feb 24, 2026 | ||
| baupal seeks to democratize sustainable and customized architecture, making design, energy assessments, permitting and cost evaluations more accessible and straightforward for private builders and smaller construction projects. baupal is an online building application service that takes advantage of digital processes and efficient team structuresto streamline design, planning and permitting processes for a range of small-scale projects.baupal was established in December, 2020 in Berlin, Germany. | $23.2M / Series B / Jun 24, 2025 | ||
| McMakler is the leading hybrid real estate agent in Germany. The company combines state-of-the-art marketing technology and central processes at its headquarters in Berlin with a local team of almost 400 permanent real estate agents across Germany in all major regions. With a supported brand awareness of 33%, McMakler is today the best-known realestate agent in Germany and is characterised by its far above-average service quality. | Venture - Series Unknown / Jun 23, 2025 | ||
| Alta leverages data and AI to drive business growth 24/7. | $7M / Seed / Mar 04, 2025 | ||
| Perfect is a talent finding platform that provides recruiting services. It is a system for spotting and engaging potential candidates. The company's contact mode is at its physical address. | $23M / Seed / Feb 25, 2025 | ||
| Voyantis is a provider of an AI-driven growth platform for customer acquisition and lifecycle optimization. The company allows businesses to acquire, retain, and nurture high-value customers with precision and efficiency. It integrates predictive and prescriptive AI to eliminate the guesswork traditionally involved in assessing a customer’spotential value and delivers the user automated actions on the next steps and execution timing. | $41M / Series B / Feb 11, 2025 | ||
| Tourlane is a booking platform for multi-day tours, offering amazing experiences to over 30 countries worldwide. It creates adventures and authentic travel experiences to fabulous destinations in the world.The company combines the first-hand experience of a travel agency with the simplicity of an online product. Its apps bring travel consultancyto a state-of-the-art level of tech and design and thereby will shape the future of individual and adventure trips. Its product matches travelers with pre-selected travel specialists, making the booking of individual and adventure trips comparable, fast, and easy. | $26.3M / Series D / Nov 14, 2024 | ||
| Essor focuses on business tasks such as acquisitions, investments, sourcing, and marketing, allowing third-party seller brands from diverse marketplaces to reach global scale growth. Essor’s brand portfolio today includes a broad range of rapidly growing health & wellness and lifestyle brands like Boka, ZitSticka, Puracy, OTOTO Design,FreshCap, Iron Flask, Fullstar, numnum, Key Nutrients, and Viking Revolution that are sold on Amazon, Direct to Consumer channels, and through national retailers like Target, CVS, and Walmart. | $50M / Venture - Series Unknown / Sep 05, 2024 | ||
| See all 246 investments → | |||
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FAQ
What does Target Global invest in?
Target Global invests primarily in Software, FinTech and Financial Services startups, most often at Series A and Seed stage. Most of the 246 investments tracked by Shizune back companies in Germany. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What round sizes does Target Global invest in?
Target Global typically joins rounds of $2M–$19M at Seed, $3.8M–$34M at Series A and $11M–$100M at Series B. These are whole funding-round sizes, not Target Global's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds Target Global took part in.
How do I contact Target Global?
Public channels for Target Global include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Target Global?
The team at Target Global includes Alex Frolov (CEO and General Partner), Ricardo Schaefer (Partner) and Anke Hecht (VP of Finance), among 11 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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