Rocket Internet Raises $500 Million
Rocket Internet has sent us an e-mail about how they have raised $500 million. The investors in this round include AB Kinnevik and Access Industries. This is the largest investment ever made in an Internet incubator and accelerator. The funding will be used to expand their world-wide network of Internet startups.
Over 100 companies across 5 continents have been started by Rocket Internet. Rocket Internet’s team of experts work closely with entrepreneurs to establish new businesses. The engineering work is done in-house through 250 dedicated IT engineers based at Rocket Internet’s headquarters in Berlin. Rocket Internet holds a significant interest in 75 ventures with 20,000 employees in 50 countries world-wide.
Rocket Internet is heavily involved in the international e-commerce sectors. In the fashion commerce sector, Rocket Internet helped start companies like Dafiti (Latin America), Lamoda (Russia), Zalora (South East Asia), The Iconic (Australia), Namshi (Middle East), and Zando (Africa). In the general merchandise ecommerce sector, Rocket Internet helped start Lazada (South East Asia), Linio (Mexico, Colombia, Peru and Venezuela), and Jumia (Africa).
In the online furniture and home decoration e-commerce sector, Rocket Internet helped start companies like Home 24 (Europe), Mobly (Latin America), and Westwing (Europe, Russia and Latin America). Rocket Internet also founded Paymill.com, Foodpanda.com, and EasyTaxi.
“This is a highly significant investment from our partners Kinnevik and Access Industries. The additional capital supports our goal to be the world´s largest and most successful creator of high impact companies in the internet space and reaffirms the confidence our investors have in our business. We will use the new capital to further strengthen our global presence while continuing to build successful companies together with great entrepreneurs,” stated Rocket Internet co-founder Oliver Samwer.
In the last 15 years, Rocket Internet or one of the Samwer brothers have created, developed, and exited over 25 businesses to online businesses to companies like eBay, Rakuten, Groupon, and NBC Universal. The Samwer brothers were also early investors in Facebook, LinkedIn, Eventbrite, and several other Internet companies.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry