Rocket Internet SE is a German Internet company headquartered in Berlin. The company builds online startups and owns shareholdings in various models of internet retail businesses. The company model is known as a startup studio or a venture builder.
It provides office space to new companies at its headquarters in Berlin, with IT support, marketing services and access to investors.
As of 2016, Rocket Internet has more than 30,000 employees across its worldwide network of companies, which consists of over 100 entities active in 110 countries. The company’s market capitalization was 3.151 billion euros in October 10, 2016.
Now, the company has decided to live up to its sworn duties as it has announced that through the Rocket Internet Capital Partners fund (RICP), it has on January 18, 2017 successfully held its final closing at the hard cap of USD 1.0 billion dedicated to early stage and growth equity investments in the global Internet sector.
This, above makes it Europe’s largest fund focused on the Internet sector.
“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”, says Oliver Samwer, Rocket Internet’s CEO
According to them, RICP would 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.
It is encouraging to know that there are people and companies like this that are encouraging entrepreneurship and trying to invest in startups. What some others do not understand is that all big companies today were once startups.