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Rocket Internet closes $1bn start-up fund

German internet company that has invested in the likes of Deliveroo and Zipjet will focus on software, e-commerce and financial technology

UK internet start-ups are set to benefit from another $1bn fund closed by German company Rocket Internet.

The Rocket Internet Capital Partners (RICP) fund will focus on investing in early and growth stage start-ups across software, e-commerce, financial technology, marketplaces and travel.

Rocket Internet has previously invested heavily in London-based food delivery company Deliveroo and Startups Awards finalist on-demand laundry service Zipjet.

This latest fund was backed by a number of global investors including financial institutions, pension funds, asset managers, foundations and high net-worth individuals.

Oliver Samwer, Rocket Internet CEO, said: “RICP having reached the hard cap of $1bn shows the strong interest of leading investors, who share the enthusiasm for the attractive investment opportunity RICP presents.”

Henry Williams
Henry Williams

Henry has been writing for Startups.co.uk since 2015, covering everything from business finance and web builders to tax and red tape. He’s also contributed to many of our industry-renowned annual indexes, including Startups 100 and Young Guns, and created a number of the site’s popular how to guides. Before joining the team, he reviewed films for a culture website, and still harbours ambitions of being a screenwriter.