Internet, News

Rocket Internet raised additional USD 500mn funding to gain upper hand in emerging markets

Rocket Internet, one of Europe’s largest incubator has announced that the company recently raised a total of US $500 mn making it the largest investment ever made in an incubator company. However, the funds were provided by Kinnevik and Access Industries, two of its previous investors.

With around 75 ventures in 50 countries Rocket internet has provided employment to over 20,000 people around the globe; and this round of money raised will further help Rocket Internet to continue investing into new as well as its many existing ventures, says the company.

“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.” added Oliver Samwer, co-founder, Rocket Internet.

Moreover, this investment round will help Kinnevik to maintain its 24 % ownership interest in Rocket Internet. Speaking to the occasion, CEO of Kinnevik, Mia Brunell Livfors, said that this investment will help Kinnevik to further strengthen its partnership with Rocket Internet and Assess Industries “Over the past four years, Rocket Internet has been instrumental in the building of Kinnevik’s e-commerce investments in companies like Zalando, Lamoda, Dafiti and an additional 75 businesses.” added Mia.

With having over 75 portfolio companies under its umbrella, Rocket Internet has invested in several market leading ecommerce companies as well as others like, a leading payment service provider;, a fast growing food delivery service company currently available to three billion people in over 20 countries; and EasyTaxi, a leading online taxi booking in Latin America and Asia.

It’s most recent investments include USD 100 million in Lazada, USD 130 million in Lamoda and USD 25 million in The Iconic.

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