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Rocket Internet Capital Partners Fund raises $1 billion to invest in Internet startups this year

Milcah Lukhanyu by Milcah Lukhanyu
4 years ago
in Business, Startups
3 min read
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Rocket Internet Capital Partners Fund has raised USD 1.0 billion to invest in early stage and growth equity investments globally making it Europe’s largest fund focused on the Internet sector.

According to Oliver Samwer, Rocket Internet’s CEO, “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.”

RICP leverages Rocket Internet’s sector know-how, regional and operational expertise as well as its deep network, global reach and access to portfolio companies. The Fund provides funding over the lifecycle of high growth Internet businesses.

RICP seeks to invest in key focus areas of the Internet sector including marketplaces, e-commerce, financial technology, software and travel. RICP received strong backing from a diverse group of global investors, including financial institutions, pension funds, asset managers, foundations and high net worth individuals. Rocket Internet has contributed ca. 14% of the overall commitments.

The Fund is focused on generating strong returns for investors by investing in market-leading, high growth Internet related businesses. In addition to access to significant financial capital.

Goldman Sachs International acted as placement agent for the Fund.

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Milcah Lukhanyu

Milcah Lukhanyu

Milcah Lukhanyu covers daily news briefs at TechMoran. She is the person who will probably read your press release and get the story out of it or totally trash it. Send tips to [email protected]

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