# Target Partners: portfolio, investments and team > Target Partners is a vc firm based in Germany. 44 investments on record, latest Jun 2016. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/target-partners (Millionrounds; every figure on the page links to its filing or article) Germany · [Investor](https://millionrounds.com/investors) # Target Partners Last cheque observed Jun 2016. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Email Quiet VC firm Seed Series A Series B Technology Follow Target Partners and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Ftarget-partners) Cheques on record **0%** of best year **0** **cheques in 12 months**, 44 on record Since the last cheque **3799** days **00** hrs **00** min **00** sec Median round **$6.0M** Cheque size, as they say **$100K – $5.0M** Rounds led **0 of 44** Sole investor **11 rounds** Exits **9 from the portfolio** Mostly in **Germany, 74%** Pitch Target Partners ## Target Partners highlights - 01 44 rounds on record - 02 Mostly Series A and Series B: 71% of its rounds - 03 Sole investor in 11 rounds, median $2.9M - 04 9 exits from the portfolio ## What they do > We invest in radical tech, destined to be embraced the world over. Based in Germany, with a deep-rooted respect for our local entrepreneurs. Always early stage. From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** $100K – $5.0M as they say - **Stages:** Seed Series A Series B Growth - **Sectors:** Technology - **Based in:** Munich, Germany - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **44 appearances** - **2016** 1 round - **Jun** **[Instana](https://millionrounds.com/company/instana)** US · FinSMEs **$6.0M** Sole investor - **2015** 6 rounds - **Nov** **[Sicoya](https://millionrounds.com/company/sicoya)** Series A · DE **$3.8M** Sole investor - **Oct** **[tado°](https://millionrounds.com/company/tado)** Series B · DE **$17M** With 4 others - **Sept** **[Swarm64](https://millionrounds.com/company/swarm64)** Series A **$8.0M** With 2 others - **Apr** **[Dedrone](https://millionrounds.com/company/dedrone)** Seed · DE **$2.9M** Sole investor - **Mar** **[Falcon Social](https://millionrounds.com/company/falcon-social)** Series B · DK **$16M** With 2 others - **Feb** **[GPredictive GmbH](https://millionrounds.com/company/gpredictive-gmbh)** Series A · DE **$2.9M** Sole investor - **2014** 8 rounds - **Dec** **[hetras](https://millionrounds.com/company/hetras)** Series E · DE **$5.6M** With 1 other - **Nov** **[trecker.com](https://millionrounds.com/company/trecker-com)** Series A · DE **$2.6M** Sole investor - **Oct** **[adsquare](https://millionrounds.com/company/adsquare)** Series A · DE **$4.3M** With 1 other - **Sept** **[Quobyte Inc.](https://millionrounds.com/company/quobyte-inc)** Series A · US **Undisclosed** With 1 other - **Sept** **[Adjust](https://millionrounds.com/company/adjust)** Series D · US **$7.6M** With 3 others - **Jul** **[tado°](https://millionrounds.com/company/tado)** Series A · DE **$14M** With 1 other - **Jun** **[Finanzchef24](https://millionrounds.com/company/finanzchef24)** Series B · DE **$5.4M** With 2 others - **May** **[Treasury Intelligence Solutions](https://millionrounds.com/company/treasury-intelligence-solutions)** Series B · DE **$5.5M** With 1 other - **2013** 9 rounds - **Nov** **[abusix](https://millionrounds.com/company/abusix)** Seed · DE **$1.3M** Sole investor - **Oct** **[LIKECHARITY](https://millionrounds.com/company/likecharity)** Seed · IE **$1.3M** With 1 other - **Sept** **[tado°](https://millionrounds.com/company/tado)** Seed · DE · techcrunch.com **$2.6M** With 1 other - **Aug** **[So1](https://millionrounds.com/company/so1)** Series A · DE · finsmes.com **Undisclosed** Sole investor - **Aug** **[Falcon Social](https://millionrounds.com/company/falcon-social)** Series A · DK · techcrunch.com **$7.7M** With 1 other - **Jun** **[adeven](https://millionrounds.com/company/adeven)** Series B · GB · techcrunch.com **$4.3M** With 2 others - **Jun** **[Adjust](https://millionrounds.com/company/adjust)** Series B · US **$4.3M** With 2 others - **Jan** **[Finanzchef24](https://millionrounds.com/company/finanzchef24)** Series A · DE · finsmes.com **$2.7M** Sole investor - **Jan** **[hetras](https://millionrounds.com/company/hetras)** Series D · DE **$5.3M** With 1 other - **2012** 4 rounds - **Jun** **[THEVA](https://millionrounds.com/company/theva)** Series A · DE · finsmes.com **Undisclosed** With 1 other - **Jun** **[doo](https://millionrounds.com/company/doo)** Series A · DE · freshnews.com **$3.2M** With 4 others - **Apr** **[GameGenetics](https://millionrounds.com/company/gamegenetics)** Series A · DE · finsmes.com **Undisclosed** With 2 others - **Jan** **[hetras](https://millionrounds.com/company/hetras)** Series C · DE **$3.8M** With 1 other - **2011** 3 rounds - **Oct** **[Crowdpark](https://millionrounds.com/company/crowdpark)** Series B · DE · techcrunch.com **$6.0M** With 1 other - **Jun** **[JouleX](https://millionrounds.com/company/joulex)** Series B · US · cnbc.com **$17M** With 4 others - **Jan** **[hetras](https://millionrounds.com/company/hetras)** Series B · DE **$8.5M** With 1 other - **2010** 1 round - **Apr** **[JouleX](https://millionrounds.com/company/joulex)** Series A · US **$1.7M** With 1 other - **2009** 4 rounds - **Dec** **[hetras](https://millionrounds.com/company/hetras)** Series A · DE · fis.dowjones.com **$4.7M** Sole investor - **Aug** **[Scoreloop](https://millionrounds.com/company/scoreloop)** Series B · DE · techcrunch.com **$2.8M** With 2 others - **May** **[P21](https://millionrounds.com/company/p21)** Venture · DE · cleanedge.com **$14M** With 2 others - **Apr** **[Scoreloop](https://millionrounds.com/company/scoreloop)** Seed · DE · venturebeat.com **Undisclosed** Sole investor - **2008** 3 rounds - **Nov** **[Ubitexx](https://millionrounds.com/company/ubitexx)** Venture · DE **$3.8M** With 3 others - **May** **[ChipVision Design](https://millionrounds.com/company/chipvision-design)** Series B · DE · venturebeat.com **$4.5M** With 1 other - **May** **[MergeOptics](https://millionrounds.com/company/mergeoptics)** Series D · DE · earlybird.de **$8.3M** With 3 others - **2006** 2 rounds - **Oct** **[ChipVision Design](https://millionrounds.com/company/chipvision-design)** Series B · DE · chipvision.com **$6.4M** With 1 other An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **3 named** BV **Berthold Von Freyberg** Partner/Managing Director i Form ADV KM **Kurt Mueller** Partner/Managing Director i Form ADV WJ **Waldemar Jantz** Partner/Managing Director i Form ADV We also hold **15** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$127M** gross assets of its funds Oct 2026 **Exempt** reporting adviser venture or small private funds - **Legal name:** Target Partners GMBH - **SEC number:** CRD 164257 ## Exits from the portfolio Companies it backed that were later bought or listed **9 in all** **[Instana](https://millionrounds.com/company/instana)** Bought by [Ibm](https://millionrounds.com/fund/ibm) **Undisclosed** Nov 2020 **[Cube Optics](https://millionrounds.com/company/cube-optics)** Bought by HUBER+SUHNER **Undisclosed** Oct 2014 **[JouleX](https://millionrounds.com/company/joulex)** Bought by [Cisco](https://millionrounds.com/fund/cisco) **$107M** May 2013 **[P21](https://millionrounds.com/company/p21)** Bought by [Heliocentris](https://millionrounds.com/fund/heliocentris) **Undisclosed** Apr 2012 **[Scoreloop](https://millionrounds.com/company/scoreloop)** Bought by [BlackBerry](https://millionrounds.com/fund/cylance) **$71M** Jun 2011 **[Ubitexx](https://millionrounds.com/company/ubitexx)** Bought by [BlackBerry](https://millionrounds.com/fund/cylance) **Undisclosed** May 2011 **[MergeOptics](https://millionrounds.com/company/mergeoptics)** Bought by FCI **Undisclosed** Feb 2010 **[Q Interactive](https://millionrounds.com/company/q-interactive)** Bought by Intrepid Investments **Undisclosed** Sept 2008 **[gate5](https://millionrounds.com/company/gate5)** Bought by HERE, a Nokia company **Undisclosed** Aug 2006 An exit counts when it came after the firm's first round in the company. From historical deal records. ## The cheque Seed Series A Series B Median round joined **$6.0M** the round, not its cheque Alone, median **$2.9M** Led 0 of 44 rounds **0%** - **Said size:** $100K – $5.0M - **Sole investor:** 11 rounds - **Last cheque:** Jun 2016 - **Exits:** 9 from the portfolio Rounds by stage said on their site - Series A said *17* - Series B said *13* - Seed said *5* - Series D *3* - Venture *3* - Series C *1* - Growth said *-* Cheques by year Led Joined 2002 2016 Often in the room with - [Scottish Equity Partners](https://millionrounds.com/fund/scottish-equity-partners) 4 - [BayBG](https://millionrounds.com/fund/baybg) 3 - [Capnamic Ventures](https://millionrounds.com/fund/capnamic-ventures) 3 - [Earlybird Venture Capital](https://millionrounds.com/fund/earlybird) 3 - [Iris Capital](https://millionrounds.com/fund/iris) 3 - [Shortcut Ventures](https://millionrounds.com/fund/shortcut-ventures-gmbh) 3 **Pitching Target Partners?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Target Partners. A count of rooms they were both in, not a relationship either has claimed. [**Scottish Equity Partners** Private equity **4** rounds together](https://millionrounds.com/fund/scottish-equity-partners)[**BayBG** VC firm **3** rounds together](https://millionrounds.com/fund/baybg)[**Capnamic Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/capnamic-ventures)[**Earlybird Venture Capital** VC firm **3** rounds together](https://millionrounds.com/fund/earlybird)[**Iris Capital** VC firm **3** rounds together](https://millionrounds.com/fund/iris)[**Shortcut Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/shortcut-ventures-gmbh)[**BayTech Venture Capital** VC firm **2** rounds together](https://millionrounds.com/fund/baytech-venture-capital)[**Northcap** VC firm **2** rounds together](https://millionrounds.com/fund/northcap)[**TechOperators** VC firm **2** rounds together](https://millionrounds.com/fund/techoperators) ## Quick answers about Target Partners ### What does Target Partners invest in? Target Partners invests most often at Series A and Series B (71% of the rounds on record), in sectors such as Technology. ### How active is Target Partners? 44 investments on record, 0 of them in the last 12 months. The most recent was in Jun 2016. ### What has Target Partners invested in recently? Its most recent investments on record: Instana (Undisclosed round, Jun 2016). ### How big are Target Partners's cheques? The median round it joins is $6.0M. It says it writes cheques of $100K to $5.0M. ### Does Target Partners lead rounds? Rarely, if at all: none of its 44 investments on record names it as the lead. ### Where does Target Partners invest? Most of the companies it backs are in Germany (74%), the United States (15%) and Denmark (5%). ### Is Target Partners investing now? No investments in the last 12 months; the latest was in Jun 2016. ### Who does Target Partners invest alongside? Most often Scottish Equity Partners (4 rounds together), BayBG (3 rounds together) and Capnamic Ventures (3 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=target-partners) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=target-partners)