Nico Rosberg's Rosberg Ventures Launches New Fund of Funds
April 18, 2024, 3:34 am
Location: Monaco
Employees: 11-50
Founded date: 1985
Total raised: $75M
Nico Rosberg, the former Formula 1 World Champion turned sustainability entrepreneur and angel investor, has announced the launch of a new Fund of Funds through his investment firm Rosberg Ventures. This €70M fund aims to provide diversification in venture capital investments by pooling investor capital and allocating it across multiple other funds. Rosberg Ventures, which launched its first fund just over a year ago, has already secured a first close at €30M for its second fund with a target of €75M. This Fund of Funds allows indirect investment in over 2,000 transformative startups spanning various sectors such as AI, health tech, blockchain, robotics, fintech, and consumer technology.
Rosberg, known for his innovative and tech-centric work since retiring from F1, expressed his excitement about this new chapter at Rosberg Ventures. He mentioned that despite Germany and Europe having significant wealth, families in these regions have limited access to leading global VC funds compared to the US. The US allocates 2.5 times more capital to VC than Europe, highlighting the need for increased European involvement in top global VC opportunities.
Rosberg Ventures aims to address this disparity by boosting the involvement of German and European strategic capital in Tier 1 VC funds to promote global startup innovation. The fund primarily invests in global VC funds and pools capital from Ultra-High-Net-Worth German and European families with substantial local corporate interests. By selectively building bridges between startups and these corporates, Rosberg Ventures creates win-win scenarios that benefit both parties.
In addition to his VC activities, Nico Rosberg also runs Rosberg X Racing, a team competing in the all-electric sustainable racing series Extreme E. He participates in rounds as an angel investor and has accrued a portfolio of 35 startups and scaleups, including fintech Hyperline and insurtech Insify. Rosberg is known for his commitment to green innovation, co-founding the GreenTech Festival, Europe's largest green innovation platform.
Rosberg emphasized that venture capital is a high-risk asset class, but by partnering with the best VC firms in the world and diversifying investments through multiple funds, Rosberg Ventures offers investors a stable platform to enjoy transformative opportunities. The fund has already closed at $30M, showcasing early success in its mission to support a diverse range of founders and bolster the dynamism of its investments.
Rosberg, known for his innovative and tech-centric work since retiring from F1, expressed his excitement about this new chapter at Rosberg Ventures. He mentioned that despite Germany and Europe having significant wealth, families in these regions have limited access to leading global VC funds compared to the US. The US allocates 2.5 times more capital to VC than Europe, highlighting the need for increased European involvement in top global VC opportunities.
Rosberg Ventures aims to address this disparity by boosting the involvement of German and European strategic capital in Tier 1 VC funds to promote global startup innovation. The fund primarily invests in global VC funds and pools capital from Ultra-High-Net-Worth German and European families with substantial local corporate interests. By selectively building bridges between startups and these corporates, Rosberg Ventures creates win-win scenarios that benefit both parties.
In addition to his VC activities, Nico Rosberg also runs Rosberg X Racing, a team competing in the all-electric sustainable racing series Extreme E. He participates in rounds as an angel investor and has accrued a portfolio of 35 startups and scaleups, including fintech Hyperline and insurtech Insify. Rosberg is known for his commitment to green innovation, co-founding the GreenTech Festival, Europe's largest green innovation platform.
Rosberg emphasized that venture capital is a high-risk asset class, but by partnering with the best VC firms in the world and diversifying investments through multiple funds, Rosberg Ventures offers investors a stable platform to enjoy transformative opportunities. The fund has already closed at $30M, showcasing early success in its mission to support a diverse range of founders and bolster the dynamism of its investments.