Global Founders Capital: new €150m VC fund from Rocket Internet’s Samwer brothers2013-03-18 6
Rocket Internet chief Oliver Samwer, his brother Marc and former Delivery Hero co-CEO Fabian Siegel are teaming up to start Global Founders Capital: a new €150m fund for high-potential internet businesses.
Global Founders Capital, headquartered in Munich, lists the three above as partners and will invest from a €150m fund provided by unknown “various successful internet entrepreneurs”. It will be “stage-agnostic”, providing anything from seed to late-stage funding to businesses with the potential to become very large in one or multiple markets.
The new fund will be location-agnostic too – though, given Rocket Internet’s recent flurry of activity in Africa, southeast Asia, the Middle East and South America, it wouldn’t surprise if those locations are of particular interest.
Rocket Internet, founded by the three Samwer brothers Oliver, Alexander and Marc in 2007, spans over over 50 portfolio companies in 40 markets and is especially known for large-scale eCommerce ventures, including copycats of Amazon, eBay and Zappos.
Global Founders Capital, according to German online magazine Gründerszene, will operate separately from Rocket Internet – and “look to different investors and investment properties” (translated from German).
Siegel, who appears to be the first contact point for the new fund, stepped down from Delivery Hero, the global online food ordering platform he co-founded, late last year – with no mention at that point of this new project. In a statement today, he pledged Global Founders Capital would be “fast, pragmatic and fair” in its dealings with entrepreneurs.
The new fund is yet to announce new investments. Past investments made by its partners, as listed on its website, include Delivery Hero and a selection of companies (Facebook, LinkedIn, HomeAway) backed by the Samwers’ pre-Rocket European Founders Fund.
Image credit: via Global Founders Capital
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