Venture Capital Firm Target Global Raises Mobility Fund

Berlin and Tel Aviv-based venture capital firm Target Global is raising an investment fund of several hundreds of millions of dollars to be focused on mobility, Shmuel Chafets, a general partner at Target Global told Calcalist in an interview last week.

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The fund has already raised $100 million in July and has since made four investments, Chafets said.

“Mobility is trending because it is a huge industry undergoing a fundamental change,” he said. Target Global is linked with leading auto parts companies in Germany and mobility and automotive-related startups in Israel, he added. Founded in 2012, Target Global invests in early stage and growth stage companies and has $500 million under management. The company has additional offices in San Francisco and Moscow. Portfolio companies include New York-listed cooking ingredients delivery company Blue Apron Holdings Inc., and German food delivery company Delivery Hero SE.

Chafets and Yaron Valler, also a general partner at the firm, will represent Target Global at Calcalist’s WeTechBerlin conference, to be held in February. Target Global is a partner at the event.