Target Global launches $100m transport fund

The fund will invest in startups in the transport sector, with a focus on Germany and Israel.

Target intends to continue raising money for the strategy with a target of $300m.

The firm said that its independence from automakers will give it an edge in the VC transport space, as many of the other investors are corporate venturing divisions or have close ties to car manufacturers.

Target has a total of $600m in assets under management through various funds. It launched a $100m fund to back European early-stage companies in September 2017.

Investors
The fund attracted LPs from Europe, Israel and the US, including family offices, large institutional investors and angel investors.

Investments
Target will invest the new fund in European and Israeli companies in the broad transport sector. This could include automotive companies, public and private transportation companies, and freight and logistics companies. Target was an early backer of online car marketplace Auto1 as well as food delivery service Delivery Hero.

People
Target Global – Alex Frolow (general partner).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Funds
• Venture
• DACH
• Technology
• Venture
• Germany