TLDR:
– Former Formula 1 World Champion Nico Rosberg’s investment firm, Rosberg Ventures, creates a new over €70 million fund of funds
– The fund aims to boost global startup innovation and bridge the investment gap between Europe and the United States in the venture capital domain
Nico Rosberg, through his investment firm Rosberg Ventures, has announced the creation of a new over €70 million Fund of Funds aimed at boosting global startup innovation and increasing German and European participation in leading global venture capital (VC) efforts. The fund targets Ultra-High-Net-Worth families in Germany and Europe, offering them access to top-tier VC funds and fostering symbiotic relationships between startups and large corporates. The fund aims to bridge the investment gap between Europe and the United States in the VC domain, as U.S. investments currently outpace Europe’s. Rosberg Ventures’ mission is to empower global startup innovation and create value through strategic capital investment. The fund has already achieved a first close at €30 million and is positioned to invest in transformative startups across various sectors like AI, Health Tech, Blockchain, Robotics, Fintech, and Consumer technology. This strategic move by Rosberg Ventures demonstrates a commitment to shaping the future of technology and entrepreneurship beyond traditional industries like Formula 1.
