German startup incubator Rocket Internet launches an impressive fund of $ 420 million

The German incubator Rocket Internet, which supports technology startups, has attracted huge funds for a new fund, which, in turn, is designed to speed up and simplify the attraction of investments for incubator startups. Rocket Internet start-up factory will invest $ 50 million in a new fund of $ 420 million.

Rocket Internet, being the largest European incubator of technology companies, has helped many different startups to develop - there are more than 100 projects in its portfolio, including such successful and popular companies as Lamoda, Zalando, eDarling and Groupon.

Executive Director Oliver Samwer (Oliver Samwer), who invested in a large number of Internet companies, which helped him join the number of billionaires in Germany, claims that he has always managed to make good deals, even in not the best periods in the economy. “In 2014 and 2015, the capital available to startups was rather scarce. Investors have become more cautious. For those who have capital, better times are starting now, ”he says.

Oliver also claims that the foundation of the fund will strengthen the position of the Rocket Internet. The fund will invest in the same startups as Rocket Internet, so the incubator will be less dependent on other funding partners.