TLDR:
- Former F1 world champion Nico Rosberg’s VC firm, Rosberg Ventures, has launched a new €70M Fund of Funds.
- The fund aims to address the disparity in European involvement in top global VC opportunities.
Nico Rosberg, the former Formula 1 World Champion, has transitioned into a sustainability entrepreneur and angel investor. His investment firm, Rosberg Ventures, recently announced the launch of a new €70M Fund of Funds. This fund of funds model allows for diversification in venture capital investments by pooling investor capital and allocating it across multiple other funds. Rosberg Ventures had previously launched its first fund over a year ago and has now established its second fund, with a target of €75M and securing a first close at €30M.
This fund of funds will allow indirect investment in over 2,000 transformative startups spanning various sectors such as AI, health tech, blockchain, robotics, fintech, and consumer technology. Rosberg has expressed his commitment to continuing the innovative, tech-centric work he has pursued since retiring from F1. 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.
Rosberg mentioned in a LinkedIn post that Europe lags behind the US in terms of VC investment, with the US allocating 2.5 times more capital to VC than Europe. He aims to boost the involvement of German and European strategic capital in Tier 1 VC funds to promote global startup innovation. By selectively building bridges between startups and local corporates, the fund creates win-win scenarios, providing customers and growth for startups while accelerating transformation for corporates.
