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VC firm Target Global raises US$100M for new mobility startup fund

Target Global has pulled in US$100 million for its new fund targeting disruptive transportation startups, VentureBeat reported.

The new fund, which aims to raise more than US$300 million, will initially focus on investments in Europe and Israel.

Additionally, Ben Kaminski, who hails from Goldman Sachs, will become a partner at Target Global and will be based in Israel.

The Berlin-based venture capital firm has US$600 million in assets under management and has backed Auto1, Delivery Hero, GoEuro and other mobility startups.