Rocketship.vc, a Los Altos, CA-based early-stage venture capital firm that uses data science, raised $100m for its second fund.
Rocketship’s Fund II is backed by Vulcan Capital, Adams Street Partners, as well as the family office of Marc Andreesen and Chris Dixon from A16z. It more than doubles the size of the firm’s initial fund, which closed in late 2015 at $40m.
Founded by a team of veteran data scientists and entrepreneurs, Rocketship uses machine learning and data science to identify and invest in startups around the world. The firm’s algorithm tracks companies globally using a series of metrics to indicate the probability that a startup will be successful.
Led by Sailesh Ramakrishnan, Rocketship has invested in 44 companies across seed, A and B rounds, with 46% of investments outside the U.S. The firm’s portfolio companies include Trocafone, NoBroker, Stocard, Moglix, Khatabook, Yulu, Wasabi and Crosschq.
The launch of Fund II will enable the firm to continue investing globally across different sectors and company stages, and increase the number of follow-on investments.