Rocket Internet Capital Partners has reached a $1bn final close at its hard cap, and will invest in deals together with its parent.
Germany-based e-commerce and online services holding company Rocket Internet closed its dedicated venture capital fund, Rocket Internet Capital Partners (RICP), at $1bn on Wednesday.
The final close represented RICP’s hard cap, and Rocket Internet has claimed it is the largest internet-focused fund in Europe.
Rocket Internet itself provided approximately $140m for the fund, which will participate in early and growth-stage deals, acting as a co-investor with Rocket Internet and investing alongside it in a four-to-one ratio.
The fund’s close comes…
