Jul
23
Rocket Internet Turns to U.S. With Major New Fund
By-
Fund will be over $1 billion and may close by December
- Berlin-based Rocket Internet is expanding outside of Europe
Rocket Internet SE, the European public company that creates and invests in tech startups, is working to raise a new billion-dollar fund, a significant amount of which will eventually be invested in the U.S., according to a person familiar with the situation.
The Berlin-based firm will be the lead investor in the fund, but is looking for other licensed partners to join. The fund will be between $1 billion and $2 billion and Rocket could close it as soon as December, the person said, who asked not to be identified because the discussions are private…
