Former Formula 1 World Champion, Sustainability entrepreneur, and Angel Investor Nico Rosberg, through his investment firm Rosberg Ventures, has announced the creation of a new over €70 million Fund of Funds aimed at increasing German and European participation in leading global venture capital (VC) efforts. This strategic move seeks to bridge the investment gap between Europe and the United States in the venture capital domain.
Rosberg Ventures aims to utilize the fund to invest in Tier 1 global VC funds, emphasizing diversification which is crucial in venture capital. This new fund targets Ultra-High-Net-Worth families in Germany and Europe, offering them substantial access to top-tier VC funds and fostering the creation of symbiotic relationships between startups and large corporates.
Despite Europe’s significant wealth, its participation in global VC is markedly low, with U.S. investments outpacing Europe’s at €188 billion to €77 billion. This fund aims to transform this landscape by facilitating entry into premier VC funds which previously seemed out of reach for many German and European investors.
Nico Rosberg said: “Our mission with Rosberg Ventures has always been to empower global startup innovation and create value through strategic capital investment. With this new $75 million fund, we are not just investing; we are creating a platform for growth and transformation for both startups and established corporates.”
Rosberg Ventures launched its inaugural fund over a year ago and has swiftly moved to establish its second fund, which has already achieved a first close at €30 million. The fund is uniquely positioned, being indirectly invested in over 2000 transformative startups across sectors such as AI, Health Tech, Blockchain, Robotics, Fintech, and Consumer technology.
“This new chapter at Rosberg Ventures extends the innovative, tech-centric work I’ve been dedicated to since my retirement from Formula 1,” Rosberg added. “We are excited to continue this journey, shaping the future of technology and entrepreneurship.”
