Rocket Internet raises $420 million in first close of its new giga-fund

The new ‘Rocket Internet Capital Partners’ today successfully held its first closing, Rocket Internet announced this morning, with total commitments of $420 million of which Rocket Internet proper contributed $50 million.

In one fell swoop, that makes the fund one of, if not the, largest European Internet-focused one. Rocket says “further significant commitments are expected in the near-term”, given “strong investor interest”.

http://tech.eu/brief/rocket-internet-fund-first-close/