Rocket Internet Capital Partners, Rocket Internet (ISIN DE000A12UKK6, RKET)’s early stage and growth capital fund focused on the Internet sector, has closed its investment vehicle, at USD$1.0 Billion.
The Rocket Internet Capital Partners fund, now Europe’s largest fund focused on the Internet sector, received 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 vehicle, which focuses on investing in high growth Internet related businesses over their lifecycle, leverages Rocket Internet SE’s sector know-how, regional and operational expertise as well as its network, global reach and access to portfolio companies.
Focus areas include marketplaces, e-commerce, financial technology, software and travel while high growth Internet businesses.