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Target Global

Target Global

Venture Capital

Target Global is a pan-European technology investment firm backing companies across multiple stages of their lifecycle.

Portfolio

14

companies

AUM

£3000M

under management


Portfolio companies

P

Palm

Palm streamlines cash management and treasury operations for enterprise teams.

Communion

Communion

Communion operates a personal finance application that combines behavioural coaching with wealth-building tools.

K

Kapaga

Kapaga provides cross-border payment solutions for small and medium enterprises.

S

Symmetrical

Headless payroll technology provider for global workforce automation.

E

Edukoya

Edukoya is an online learning platform providing curriculum content and tutoring for students.

Fresha

Fresha

Fresha provides booking software and marketplace solutions for the beauty and wellness industry.

Plentific

Plentific

Plentific provides a cloud-based platform that digitises property management and maintenance operations.

Rapyd

Rapyd

Rapyd provides a global fintech as a service platform powering local payments.

P

Palta

Palta builds a portfolio of consumer-centric health and wellness mobile applications.

YuLife

YuLife

YuLife transforms traditional life insurance into a suite of wellbeing and rewards products.

Copper

Copper

Copper provides digital asset infrastructure for institutional cryptocurrency investors.

D

Drover

Digital car retailer offering a flexible subscription platform for vehicle ownership.

Z

Zego

Zego provides flexible insurance policies for gig economy workers and emerging mobility services.

Shedul.com

Shedul.com

Shedul.com provides software and booking marketplaces for salons and spas globally.


Team

ML

Mike Lobanov

General Partner

Mike brings venture capital and board experience from Target Global, Mercuryo, and Copper.co.

LinkedIn
BK

Ben Kaminski

Partner

Ben serves as co-founder and chairman at Essor and partner at Target Global. He brings board-level investing and angel experience from firms including YuLife, Flink, and Zego.

LinkedIn
YV

Yaron Valler

General Partner

LinkedIn
LC

Lina Chong

Investment Director

RS

Ricardo Schaefer

Partner

RS

Ricardo Schäfer

Partner

KH

Khalil Hefaf

investor


Recent investments

Seed
£4.6M

The seed round was led by Speedinvest and Target Global to support team expansion and international growth.

"Imagine your electricity getting cut because of insufficient funds due to not moving money to your current account in time. Now imagine that across hundreds of accounts and dozens of countries. That’s the daily challenge for treasury teams – juggling multiple systems to track and predict cash flow across global operations. Having implemented incumbent solutions three times to solve this without seeing meaningful change, we knew it was time to build something better"
— Gurjit Pannu, Co-Founder and Co-CEO
Pre-Seed
£2.5M

The pre-seed round was led by Target Global with backing from angel investors and creative partners.

"We believe everyone has the ability to take control of their money and build a buffer against the world, so long as they’re given the right conditions, tools and support to do so. We created Communion for people to fix their relationship with money and live life with more autonomy and less fear."
— Daniel Hegarty, Founder and CEO
Seed
£1.5M

Target Global led the seed financing round to support the payment platform's European expansion and product development.

"We are excited to offer our customers an unrivalled experience when it comes to accessing a reliable and transparent tool for cross-border payments. Our value lies in our ability to remove hurdles when it comes to opening business bank accounts and offering payment services at a fraction of the cost versus high street banks and legacy providers. We aim to board and activate customers in under 48 hours, start to finish. All of this is now available through one application and one dashboard to stay in control of your payments."
— Katya Dorofejeva, CEO
Series A
£14.7M

The Series A round was led by Target Global to fuel international expansion and team growth.

"Our bold ambition is to make payroll invisible. We believe that 10 years from now, 'payroll software' will be eliminated from the dictionaries. Invisible payroll will be a crucial element across broader platforms and thanks to our vision, we will be at the forefront of this new trend. We are also extremely pleased to have investors like Target Global join us in carrying out this vision and helping us shape the future of payroll together."
— Piotr Smolen, CEO and co-founder
Pre-Seed
£2.6M

The online learning platform raised the pre-seed round from a group led by Target Global and various angel investors.

"Our vision at Edukoya is to redefine online education for the next generation of Africans. Africa has the fastest-growing school-age population globally, with over 260M students and counting. Our goal is to democratize access and make high quality instruction and content accessible and affordable to every student, regardless of where he or she lives on the continent"
— Honey Ogundeyi, Founder and CEO
Series C
£39.8M

The booking platform extended its Series C fundraise to over $152m, valuing the company at more than $640m.

"We believe that professionals like barbers, stylists and therapists should be able to focus on their craft without having to worry about the daily hassles of running their businesses,"
— Nick Miller, Co-Founder and Chief of Product
Series C
£72.9M

The Series C financing was led by Highland Europe and Brookfield Technology Partners to fuel international expansion and product development.

"We had a phenomenal year of growth, more than doubling headcount to almost 200 employees, opening an office in the United States and cementing our position in the UK and German markets. Our next step is to rapidly expand in the US, as well as look to begin operating in new geographies. We have only just scratched the surface of a $2.5 trillion potential market opportunity. We will now be rapidly expanding both our global footprint and the solutions we offer to become the de facto digital partner for landlords and service providers across the world."
— Cem Savas, CEO and co-founder
Series D+
£216M

Target Global led the Series E round to support product enhancements and strategic mergers and acquisitions.

"Enabling digital payments has become one of the most fundamental business needs across every industry as the past year and a half have irrevocably demonstrated. Being in a position to help companies enhance their ability to serve customers and expand their reach across global markets is both a tremendous responsibility and an extraordinary opportunity. We are grateful to our investors for acknowledging the new needs of our ecosystem and supporting our aspirations,"
— Arik Shtilman, Co-founder and CEO
Series B
£50.0M

Target Global led the £50m Series B round to support product development and global expansion.

"The life insurance industry is ripe for transformation. For too many years, life insurance has focused solely on paying out a lump sum upon death. It is now time to reimagine the very nature of life insurance by putting ‘life’ first, and inspiring members to live their best lives every single day, using insurance as a tool to enhance their physical, mental and financial wellbeing,"
— Sammy Rubin
Series C
£70.6M

General Atlantic led a multimillion pound financing round with participation from high profile technology and beauty sector investors.

"From the day we founded Fresha, our core focus has been on offering a solution that delights our customers. That drive has continued to direct our feature development and long-term vision. The rapid growth we’re seeing comes down to having happy customers that love using Fresha,"
— William Zeqiri
Series B
$35.2M

The oversubscribed Series B round was co-led by Dawn Capital and Target Global.

"Copper has achieved tremendous growth over the past 12 months. I am incredibly grateful to our talented and growing team whose hard work is reflected, in part, by this highly successful funding round. I would also like to express my thanks to our investors who continue to support Copper and our ambitious plans to expand across the globe, and cement ClearLoop as the go-to for the clearing and custody of digital assets. Their backing, and continued support from our strong client base, is a testament to the quality of the business we are building."
— Dmitry Tokarev, CEO
Series D+
£220M

Coatue led the Series D round, which will fund platform expansion and strategic acquisitions.

"The demand for online payments has skyrocketed following the restrictions due to the effects of COVID, and as a company, we are well placed to provide businesses across the globe with the solutions they need and to get them up and running fast,"
— Arik Shtilman, Co-founder and CEO
Series C
£20.5M

The Series C round was co-led by Target Global, RTP Global, and Autotech Ventures, bringing the company's total funding to £27.5m.

"The car market is one of the last retail categories that has yet to shift online, with online penetration of car sales being still below 1%, while 20% of all UK retail sales are now online. Drover’s digital ‘car-as-a-service’ model is the right approach to truly build the ‘Amazon of Cars’ as it lends itself much better to an online model than does the long-term commitment, high ticket size type transaction of buying a car with cash or on finance. As a result, the last few years have seen Drover evolve and grow into a seriouscontender in the UK car retailing market. The Drover team has been agile through COVID-19 and that has enabled us to continue to show fantastic growth in a challenging time. The need for a simpler, more flexible model for car ownership is only accelerating and we’re proud to be leading that journey in the UK and France and in hopefully many more markets in the future."
— Felix Leuschner, Founder & CEO
Series B
£24.9M

The Series B round was led by AO Proptech and Target Global with backing from Round Hill Ventures.

"It’s a massive market we operate in with very old systems in place. There are long-standing structural barriers that housing companies have to overcome in order to deliver a good tenant experience. By digitising the supply chain we’re creating a larger, more dynamic market of locally-available tradespeople and removing unnecessary manual processes, significantly improving the tenant or leaseholder experience."
— Cem Savas, CEO and co-founder
Series C
£81.4M

Oak HC/FT led the financing round, which will fund network expansion and product development.

"Global commerce is at a critical inflection point as businesses are pressed to launch new applications, process and accept local payment methods, disburse funds, and manage risk and compliance so they can offer highly localized customer experiences without having to build their own infrastructure. The expectation today is that this must happen around the world in order to drive growth into new markets. As more than half of all transactions worldwide are facilitated via bank transfers and cash, merchants find it increasingly difficult to digitally enable local payment methods and process cross-border sales that are required for international expansion."
— Arik Shtilman, Co-founder and CEO
Series B
£31.3M

The Series B round was led by General Catalyst and Stripe.

"We’re excited to work with our new partners General Catalyst, Stripe, Target Global, IGNIA, and others, who today join our earlier investors including seed and series A lead TaL Capital. This marks a critical inflection point in our evolution as a company and at a time when market demand for our fintech-as-a-service platform approach is accelerating"
— Arik Shtilman, Co-founder and CEO