TGAAU Target Global Acquisition I Corporation

(1) See Item 4 below. Target Global Sponsor Ltd. owns 5,072,415 Class B Ordinary Shares of the Issuer, which are automatically convertible into Issuer’s Class A Ordinary Shares as more fully described under the heading “Description of Securities – Founder Shares” in the Issuer’s registration statement on Form S-1 (File No. 333-253732).

(2) Shmuel Chafets owns 100,000 Class B Ordinary Shares of the Issuer, which are automatically convertible into Issuer's Class A Ordinary Shares as more fully described under the heading "Description of Securities - Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-253732).

This Amendment No. 1 (this “Amendment”) amends the statement on Schedule 13G originally filed on February 14, 2022 (the “Schedule 13G”) by the Reporting Person (defined below) to reflect that following the Transfer (as defined below) Alexander Frolov and Mikhail Lobanov no longer control the sponsor (together with Shmuel Chafets and Yaron Valler) and therefore may no longer be deemed to have shared beneficial ownership of the 5,072,415 Class B Ordinary Shares of the Issuer held by the sponsor.

Item 1(a). Name of Issuer:

Target Global Acquisition I Corp. (the “Issuer”)

Item 1(b). Address of Issuer’s Principal Executive Offices:

PO Box 1093, Boundary Hall

Cricket Square, Grand Cayman

KY1-1102, Cayman Islands

Item 2(a). Name of Person Filing:

Target Global Sponsor Ltd. (the “Reporting Person”)

Shmuel Chafets

Alexander Frolov

Mikhail Lobanov

Yaron Valler

Item 2(b). Address of Principal Business Office or, if none, Residence:

For each of Target Global Sponsor Ltd., Shmuel Chafets, Alexander Frolov, Mikhail Lobanov and Yaron Valler – PO Box 1093, Boundary Hall, Cricket Square, Grand Cayman KY1-1102, Cayman Islands

Item 2(c). Citizenship:

Target Global Sponsor Ltd. – Cayman Islands

Shmuel Chafets – United States, Israel

Alexander Frolov – Russia, Cyprus

Mikhail Lobanov – Russia

Yaron Valler – Israel

Item 2(d). Titles of Classes of Securities:

Class A Ordinary Shares, par value $0.0001 per share.

Item 2(e). CUSIP Number:

G8675N 109

Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a(n):

If filing as a non-U.S. institution in accordance with §240. 13d-1(b)(1)(ii)(J), please specify the type of institution: ______________ .

Item 4. Ownership

The responses to Items 5-11 of the cover pages of this Schedule 13G are incorporated herein by reference.

As of the date hereof, the Reporting Person may be deemed to beneficially own 5,072,415 shares of the Issuer’s Class B Ordinary Shares, representing 18.9% of the total Class A and Class B Ordinary Shares issued and outstanding. The Class B Ordinary Shares are automatically convertible into Issuer’s Class A Ordinary Shares at the time of the Issuer’s initial business combination on a one-for-one basis, subject to adjustment, as more fully described under the heading “Description of Securities – Founder Shares” in the Issuer’s registration statement on Form S-1 (File No. 333-253732).

The shares reported above are held in the name of Target Global Sponsor Ltd. (the “sponsor”), a Cayman Islands exempt company with its registered address at Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands. As of December 31, 2021, the sponsor was controlled by Shmuel Chafets, Alexander Frolov, Mikhail Lobanov and Yaron Valler, who at that time had voting and investment discretion in respect of the shares held of record by the sponsor and therefore may have been deemed to have shared beneficial ownership of the shares held by the sponsor. Pursuant to transactions on March 1, 2022 and March 8, 2022, Alexander Frolov and Mikhail Lobanov transferred their interests in the indirect parent of the sponsor to Yaron Valler (the “Transfer”) and therefore no longer control the sponsor and may no longer be deemed to have shared beneficial ownership of the shares held by the sponsor. As a result of the Transfer, the sponsor is controlled as of the date hereof by Shmuel Chafets and Yaron Valler, who have voting and investment discretion in respect of the shares held of record by the sponsor and therefore may be deemed to have shared beneficial ownership of the shares held by the sponsor. Each of Shmuel Chafets and Yaron Valler disclaims beneficial ownership of the shares held by the sponsor except to the extent of his pecuniary interest therein, directly or indirectly.

Item 5. Ownership of Five Percent or Less of a Class.

Not Applicable.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not Applicable.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not Applicable.

Item 8. Identification and Classification of Members of the Group.

Not Applicable.

Item 9. Notice of Dissolution of Group.

Not Applicable.

Item 10. Certification.

Not Applicable.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: March 10, 2022

Exhibit Index

Exhibit A

Joint Filing Agreement

The undersigned hereby agrees that they are filing jointly pursuant to Rule 13-d-1(k)(1) of the Securities Exchange Act of 1934, as amended, with respect to ordinary shares of Class A Ordinary Shares of Target Global Acquisition I Corp. The undersigned further agree and acknowledge that such shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning it contained herein, but shall not be responsible for completeness and accuracy of the information concerning the other, except to the extent that it knows or has reason to believe that such information is inaccurate.