Germany-based start-up incubator Rocket Internet has raised a total of $500m since May 2012 from its partners, Sweden-based investment company Investment AB Kinnevik and US-based industrial conglomerate Access Industries.
Oliver Samwer, Rocket Internet’s co-founder, said: “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.”
Currently, Rocket Internet holds a significant interest in 75 ventures, supporting e-commerce companies in the fashion, general merchandise and furniture sectors.
Rocket Internet was founded in 2007 by Alexander, Marc and Oliver Samwer. Investment AB Kinnevik and Access Industries became Rocket Internet investors and partners in 2008 and 2012, respectively.