Rocket Internet has announced the closing of its $1 billion fund Rocket Internet Capital Partners [RICP] for investing in early stage and growth startups. This makes it the largest fund of its kind from Europe.
Investments will focus on software, e-commerce, fintech, marketplaces, and travel, according to Rocket Internet. The fund has been backed by a “diverse group of global investors, including financial institutions, pension funds, asset managers, foundations, and high net-worth individuals,” said the company in a statement. Goldman Sachs International was placement agent for the fund.
“RICP having reached the hard cap of USD 1.0 billion shows the strong interest of leading investors, who share the enthusiasm for the attractive investment opportunity RICP presents,” said Rocket Internet CEO Oliver Samwer.