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    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
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        <entityName>Target Global Early Stage Fund III LP</entityName>
        <issuerAddress>
            <street1>C/O ZEDRA CAYMAN MANAGEMENT SERVICES LTD</street1>
            <street2>23 LIME TREE BAY AVENUE, PO BOX 10176</street2>
            <city>GRAND CAYMAN</city>
            <stateOrCountry>E9</stateOrCountry>
            <stateOrCountryDescription>CAYMAN ISLANDS</stateOrCountryDescription>
            <zipCode>KY1-1002</zipCode>
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        <issuerPhoneNumber>345-938-4844</issuerPhoneNumber>
        <jurisdictionOfInc>CAYMAN ISLANDS</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
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        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2021</value>
        </yearOfInc>
    </primaryIssuer>

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                <lastName>Target Global Early Stage III LP</lastName>
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                <city>Grand Cayman</city>
                <stateOrCountry>E9</stateOrCountry>
                <stateOrCountryDescription>CAYMAN ISLANDS</stateOrCountryDescription>
                <zipCode>KY1-1002</zipCode>
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            <relatedPersonRelationshipList>
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            <relationshipClarification>General Partner</relationshipClarification>
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            <relatedPersonName>
                <firstName>-</firstName>
                <lastName>Target Global Early Stage III GP Ltd</lastName>
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                <stateOrCountry>E9</stateOrCountry>
                <stateOrCountryDescription>CAYMAN ISLANDS</stateOrCountryDescription>
                <zipCode>KY1-1002</zipCode>
            </relatedPersonAddress>
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            <relationshipClarification>General Partner of Target Global Early Stage III LP</relationshipClarification>
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                <firstName>Yaron</firstName>
                <lastName>Valler</lastName>
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                <zipCode>KY1-1002</zipCode>
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        <relatedPersonInfo>
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                <firstName>Pedro</firstName>
                <middleName>Taranto Monteiro</middleName>
                <lastName>De Barros</lastName>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Eduardo</firstName>
                <middleName>D'Angelo Pereira</middleName>
                <lastName>da Silva</lastName>
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                <street1>C/O ZEDRA CAYMAN MANAGEMENT SERVICES LTD</street1>
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                <zipCode>KY1-1002</zipCode>
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    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Venture Capital Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
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        <federalExemptionsExclusions>
            <item>06b</item>
            <item>3C</item>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0000935836-22-000210</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2022-01-19</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
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        <typesOfSecuritiesOffered>
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            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
            <isOtherType>true</isOtherType>
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        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>5000000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>6000000</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>4</totalNumberAlreadyInvested>
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        <salesCommissionsFindersFees>
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                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
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            <clarificationOfResponse></clarificationOfResponse>
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        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>None, although the general partner of the issuer receives a management fee.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Target Global Early Stage Fund III LP</issuerName>
                <signatureName>Yaron Valler</signatureName>
                <nameOfSigner>Yaron Valler</nameOfSigner>
                <signatureTitle>Director, Target Global Early Stage III GP Ltd, GP of GP</signatureTitle>
                <signatureDate>2023-02-21</signatureDate>
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