The investment, which has brought the total amount raised by Rocket Internet since May 2012 to $500m, will allow Kinnevic to maintain its current 24% ownership interest in the incubator.
According to a written note, the funds will be used to further expand Rocket’s network of startup companies.
Founded in 2007 by brothers Alexander, Marc and Oliver Samwer, Rocket brings together team, concept, technology, and capital to create digital companies on a global basis. Its engineering work is done in-house through a 250 dedicated IT engineers based in Berlin and in various technology development centers throughout the world.
It currently has a network of around 75 ventures (including Zalando, Dafiti, Lamoda, Zalora, The Iconic, Namshi, Zando, Lazada, Linio, Jumia, Home 24, Mobly, Westwing, among others) in over 50 countries and more than 20,000 employees worldwide.
Investment AB Kinnevik and Access Industries are Rocket’s regular investors and partners along with Summit Partners, among others.