Bad Homburg-based FERI Group is cooperating with Target Global in the management and placement of a new venture capital growth fund. The two companies will work together in the selection of target investments and the placement of this new alternative investment fund for growth capital.
This cooperation between one of the leading investment houses in the German-speaking region and one of the most active European venture capital investment companies is the first of its kind.
The new Target Global Growth Fund offers investment opportunities in selected growth companies to semi-professional and professional investors. The fund will invest in start-ups with strong growth potential that offer digital products and services in typical European industries for large and preferably global markets – mainly market platforms, Fintechs and service software providers. The fund’s investment focus is on companies in early and mid growth phases with valuations in excess of EUR50 million.
“The fund opens up new investment opportunities in the highly attractive sector of strong growing technology companies,” says Marcel Renné, CEO of FERI AG. “We are very pleased about the partnership with Target Global. By combining our investment know-how with the high level of expertise of Target Global, we will be able to jointly develop the venture growth market.”
“The European tech ecosystem shows impressive growth, European start-ups increasingly establish themselves as global industry leaders, but there is still a lack of European capital, especially in the growth phases,” says Yaron Valler, Managing General Partner at Target Global. “We are proud of having won a renowned partner like FERI for jointly advancing European tech success stories.”
The Target Global team has invested in digital technologies and start-up companies throughout Europe and Israel for more than 15 years. The company follows three active investment strategies – early stage, growth stage and a dedicated mobility fund. The second early stage fund, Early Stage Fund II, was launched in January 2020. The new growth fund will increase the assets managed/advised by Target Global to over EUR1 billion. Its portfolio includes companies such as Auto1, Delivery Hero, Rapyd, Travelperk and WeFox.
