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Announced

Completed

Target Global led a $150m funding round in Branded Group.

Financials

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Transaction Value£109m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Venture Capital

digital consumer products

Acquisition

Completed

Minority

Cross Border

United States

Digital Services

Private

Friendly

Private Equity

Single Bidder

Synopsis

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Target Global, an international venture capital firm headquartered in Berlin, led a $150m funding round in Branded Group, a global digital consumer products platform, with participation from Declaration Partners, Tiger Global, Kreos Capital, Lurra Capital, Regah Ventures, Kima Ventures, and Vine Ventures. "Covid-19 has been a massive accelerator of consumers' continuing shift to online shopping. We see fundamental changes in consumer behavior and purchase decision-making opening an opportunity to build a new type of consumer products leader with a digital-first mindset. Target Global has been a proud co-founder and investor in Branded. We are excited to jointly realize this unique opportunity, while becoming a home for some of the most talented sellers and entrepreneurs seeking to take their brands to the next level. I am excited to work with Pierre and Michael to realize Branded's full potential," Ben Kaminski, Target Global Partner.

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