Target Global

Target Global is a private equity and venture capital firm based in Berlin, specializing in early-stage and growth investments across various sectors. With over €800 million in assets under management, the firm focuses on the digital consumer sector, particularly in disruptive technologies, fintech, e-commerce, and cyber security. Target Global typically invests between $1 million and $30 million in companies with enterprise values ranging from $5 million to $500 million, emphasizing businesses where a significant portion of revenue is generated from the B2C segment. The firm has a strong global presence, targeting opportunities in European Developed Markets, as well as in Israel, Russia, and the United States. Founded in 2012, Target Global has built a diverse portfolio that includes notable companies such as Auto1, Delivery Hero, and WeFox, and is supported by a team of over 50 professionals with extensive operational and investment expertise.

Dominic Aits

Investment Associate

Dana Bublil

Investment Associate

Bao-Y Van Cong

Investment Director

Heiko Dimmerling

Partner

Gilad Engel

Partner

Alexander Frolov

CEO and General Partner

Anke Hecht

VP of Finance

Khalil Hefaf

Investment Manager

Felix Lienau

Investment Associate

Mikhail Lobanov

General Partner

Artem Nikulshin

VP Strategic Projects

Emma Peng

Investment Manager

Jorge Fontúrbel Sáez

Investment Manager

Theofanis Xydas

Associate

Victoria Zhao

Investor

Past deals in Nigeria

Indicina

Seed Round in 2022
Indicina Technologies Limited provides a digitized credit analysis platform to drive a digitally-led consumer finance strategy. Its platform helps banks, insurers, consumer-finance, and other retail merchants for creating credit rules or models, credit assessment and scoring, end-to-end loan portfolio management, and loan collections. The company is based in Lagos, Nigeria.

Casava

Pre Seed Round in 2022
Casava is a developer of an online insurance platform focused on providing protection for consumer incomes in Nigeria in the event of job loss or wage reduction. The company offers a range of life and non-life microinsurance products and services tailored for individuals and small businesses. Through its platform, customers can conveniently purchase insurance, file claims, and receive reimbursements online, facilitating easier access to essential financial protection in a rapidly evolving market.

Mono

Series A in 2021
Mono is a financial data infrastructure company based in Nigeria, founded in 2020. It develops an application programming interface (API) platform that enables digital businesses in Africa to access customers' financial and identity data. Mono's services include generating bank statements, verifying account details, initiating payments, and conducting credit checks. The company serves a diverse range of clients, including fintech firms such as Carbon, Flutterwave, Indicina, and Renmoney, as well as various developers. Through its innovative platform, Mono aims to enhance financial accessibility and streamline transactions for businesses across the continent.

Indicina

Venture Round in 2021
Indicina Technologies Limited provides a digitized credit analysis platform to drive a digitally-led consumer finance strategy. Its platform helps banks, insurers, consumer-finance, and other retail merchants for creating credit rules or models, credit assessment and scoring, end-to-end loan portfolio management, and loan collections. The company is based in Lagos, Nigeria.

Kuda

Series B in 2021
Kuda Microfinance Bank Limited, founded in 2018, operates as a digital-only bank in Nigeria, focusing on providing accessible banking services. The company offers a range of financial products, including savings accounts, money transfers, checking accounts, and debit cards, all through a user-friendly online banking platform and a mobile banking application. With a mission to make banking affordable and rewarding for all Africans, Kuda has positioned itself as a no-fee banking alternative, aiming to enhance financial inclusion in the region. Headquartered in London, Kuda also maintains an office in Lagos, Nigeria, reflecting its commitment to serving the Nigerian market.

Kuda

Series A in 2021
Kuda Microfinance Bank Limited, founded in 2018, operates as a digital-only bank in Nigeria, focusing on providing accessible banking services. The company offers a range of financial products, including savings accounts, money transfers, checking accounts, and debit cards, all through a user-friendly online banking platform and a mobile banking application. With a mission to make banking affordable and rewarding for all Africans, Kuda has positioned itself as a no-fee banking alternative, aiming to enhance financial inclusion in the region. Headquartered in London, Kuda also maintains an office in Lagos, Nigeria, reflecting its commitment to serving the Nigerian market.

Kuda

Seed Round in 2020
Kuda Microfinance Bank Limited, founded in 2018, operates as a digital-only bank in Nigeria, focusing on providing accessible banking services. The company offers a range of financial products, including savings accounts, money transfers, checking accounts, and debit cards, all through a user-friendly online banking platform and a mobile banking application. With a mission to make banking affordable and rewarding for all Africans, Kuda has positioned itself as a no-fee banking alternative, aiming to enhance financial inclusion in the region. Headquartered in London, Kuda also maintains an office in Lagos, Nigeria, reflecting its commitment to serving the Nigerian market.