Hear from CIOs, CTOs, and other C-level and senior execs on data and AI strategies at the Future of Work Summit this January 12, 2022. Learn more

Rocket Internet Capital Partners Fund, the venture arm of the German internet giant, announced today that it has raised $1 billion to invest across all stages of startups.

In a press release, the firm claimed this was “Europe’s largest early stage and growth capital fund focused on the Internet sector.” The money will be used to invest in a wide range of internet startups, including Rocket Internet’s own.

“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,” said Oliver Samwer, Rocket Internet’s CEO, in a statement.

There have been rumblings about the overall health of the Rocket Internet parent company, and whether its strategy of pursuing “proven” internet business models (what critics call “copying”) has been losing steam. But with the new fund, Rocket was still able to attract outside investors to contribute 86 percent of the money, with the rest coming from Rocket.


VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member