Target Global, a Berlin-based international venture capital fund with USD600m in assets under management, is launching a dedicated fund to invest in next-generation mobility and transportation.
Its unique evergreen structure means that, unlike traditional VC funds which have a fixed end-point, this one will run indefinitely. The fund can deploy up to USD300 million in capital, providing investors with a long-term interest in disruptive changes across the entire mobility spectrum. The primary targets for investment will be European and Israeli startups that focus on innovation and technology in automotive, private & public transportation, logistics & delivery and related cross-services.
“At Target Global we strongly believe that mobility disruption will fundamentally transform our lives and upend business models,” says Alex Frolov, General Partner at Target Global. “In recent years we have invested in startups that are bringing innovation to the way people and goods move, including Auto1, Delivery Hero and GoEuro. We believe the time is now to double-down on this, with our goal being to become the preferred partner for both startups and strategic players in the space.”
Ben Kaminski will join Target Global as a Partner to lead the new fund after over a decade at Goldman Sachs in London, New York City and Tel-Aviv, where he helped launch the firms’ global next generation mobility coverage effort and worked with many of the leading strategic players and start-ups across the mobility spectrum.
In addition to the dedicated team at Target Global, the new fund will build on a network of renowned advisors and leading industry experts in the fields of automotive, logistics and technology.
