Target Global

What Target Global does

Target Global is a European growth-stage venture capital firm founded in 2015 by Alexander A. Frolov. The firm invests in transformational technology companies across fintech, healthtech, AI, business software, mobility, edtech, proptech, and tech-enabled consumer sectors, with an active portfolio of 98 investments spanning Europe, the United States, Israel, and MENA. Notable portfolio positions include early-stage investments in Revolut, TravelPerk, Rapyd, and Flo Health, and the firm led the largest FinTech seed round in MENA history for Tarabut Gateway. Target Global operates through three regulated entities: Target Germanium GmbH in Berlin (which delivers investment advisory services as a tied agent of AHP Capital Management GmbH under the German WpIG regime), Hyde Park Special Opportunities Ltd. in London, and Target Global Advisors Cayman Ltd. in Grand Cayman.

The firm earns revenue through the standard venture capital model of management fees on committed capital (typically 1–2% annually) and carried interest on profitable exits (typically 20% above a hurdle rate), as disclosed in general industry terms rather than firm-specific figures. Target Global's go-to-market is direct investment into portfolio companies through equity capital deployment, typically leading or participating in funding rounds across seed through Series D, with repeat co-investments from tier-one funds such as Sequoia, Norwest, Databricks Ventures, and Square Peg. Customer segments are founders and management teams of growth-stage technology companies seeking international scaling capital and strategic support.

The firm's strategic emphasis is on structural market shifts and companies with international scaling potential. Distribution is conducted through a digital presence on LinkedIn, Twitter, Medium, Facebook, and Instagram, with deal sourcing driven by the founding partners' networks and ecosystem relationships. Investment advisory services are conducted under German regulatory oversight via Target Germanium GmbH, which is represented by Managing Directors Franco Ventocilla and Anke Irdelp, and the firm discloses consolidated SFDR principal adverse sustainability impact statements across multiple fund vehicles.

Name

Target Global

Legal name

Target Germanium GmbH

Website

https://targetglobal.vc

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Target Global is a European growth-stage venture capital firm founded in 2015 that invests in transformational technology companies across fintech, healthtech, AI, and adjacent sectors, with a portfolio of 98 investments spanning Europe, the US, Israel, and MENA.

Ownership category

akta.pro rank

Product category

Venture Capital / Growth Equity Investing

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Geography-Focused Venture Capital (Regional/Emerging Markets) (FSANAAAE)

akta.pro secondary industry

Impact / ESG Venture Capital (FSANAAAG)

Keywords

• Venture capital
• Growth-stage investing
• Technology investments
• Fintech investing
• Portfolio management

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Management Fees: Venture capital firms typically charge management fees on committed capital under management, usually 1-2% annually.
2. Carried Interest: Performance-based carried interest from successful portfolio company exits, typically 20% of profits above the hurdle rate.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Target Global is a European growth-stage venture capital firm that invests in transformational technology companies across early-stage and growth-stage rounds. The firm deploys equity capital into fintech, healthtech, business software, mobility, edtech, proptech, and tech-enabled consumer companies across Europe, USA, Israel, and ROW, and provides strategic guidance and operational support to portfolio companies.

Product overview

Target Global is a European growth-stage venture capital platform that invests in transformational technology companies. The firm supports entrepreneurs across fintech, healthtech, business software, edtech, proptech, mobility, and tech-enabled consumer sectors. Target Global's investment portfolio includes 98 companies spanning early-stage, growth-stage, and exited investments across Europe, USA, Israel, and ROW markets. The platform does not offer a unified software product but rather provides venture capital investment services to portfolio companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Target Global Investment Platform

Quantifiable outcome

• Investment track record includes unicorn exits and successful investments in companies such as Revolut, TravelPerk, Rapyd, and Flo Health ($200M Series C achieving unicorn status)

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Balderton Capital: London-based venture capital firm investing in early- and growth-stage European technology companies. Directly comparable to Target Global in stage focus, geography, and sector emphasis (fintech, SaaS, consumer).
• Atomico: London-based VC founded by Skype's Niklas Zennström that invests across European growth-stage technology companies. Comparable in stage, geography, and cross-border investment approach.
• Index Ventures: European- and US-headquartered venture capital firm investing across multiple stages and sectors including fintech, healthtech, and SaaS. Comparable in stage breadth, geographic reach, and sector focus.
• Earlybird Venture Capital: Berlin- and Munich-based European venture capital firm with a long track record in fintech, enterprise, and deep tech. Comparable in stage focus, geographic base, and sector breadth.
• Creandum: Stockholm-based early- and growth-stage European VC investing across fintech, SaaS, and consumer. Comparable in stage focus, Nordic/European orientation, and cross-border deal-making.
• Speedinvest: Vienna-based European venture capital firm investing across early-stage technology sectors including fintech and healthtech. Comparable in stage focus and European-led investment mandate.
• Northzone: Pan-European venture capital firm investing from seed to growth across fintech, healthtech, and software. Comparable in stage range, geographic breadth, and sector mix.
• Notion Capital: London-based VC specializing in European B2B SaaS and fintech. Comparable in stage focus, European base, and fintech/SaaS thematic alignment.
• LocalGlobe: London-based seed- and early-stage venture firm investing across European technology companies. Comparable in geography and stage orientation, though more seed-focused.

Broad incumbents

• Accel: Global venture capital firm with strong European operations (London) and broad sector coverage including fintech, SaaS, and consumer. Comparable as a benchmark incumbent in the same geographies and stages.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/targetglobalvc
• LinkedInlinkedin.com/company/target-global

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments232 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Target Global