Rosberg Ventures has launched a VC fund of funds with a target of $75 million, announced its founder and former Formula 1 World Champion, Nico Rosberg, on LinkedIn. The fund has already secured a first close at $30 million.
"We have added our own in-house $75m VC Fund of Funds to my existing serial angel investing. This new chapter at Rosberg Ventures continues the innovative, tech-centric work I've pursued since retiring from F1," Nico Rosberg wrote.
- The new Rosberg Ventures fund of funds will support both global VCs and founders through angel investments from its extensive network. As Nico Rosberg writes, the fund allows indirectly backing over 2,000 startups across AI, healthtech, blockchain, robotics, fintech, and consumer technology sectors.
- The main idea behind the inception of the Rosberg Ventures fund of funds is to increase the share of European and German strategic capital in global funds. As of now, the US has allocated 2.5 times more capital to VCs (€188B vs. €77B), while the participation of European investors in Tier 1 VC funds is estimated to be only 1-2%, the founder shared.
“Our fund commits mainly to leading global VC funds and pools capital from Ultra-High-Net-Worth German and European families with significant local corporate interests, enhancing our ability to capture returns from global VC value creation,” he stated.
