Rocket Internet, one of the world’s leading internet incubator, has just announced that it has raised a total of US$500 million from its partners Investment AB Kinnevik and Access Industries.
The investment represents the largest investment ever made in an internet incubator and accelerator company. The funds will be used to further expand Rocket Internet’s world-wide network of successful Internet start-ups.
Let’s look at Rocket’s Internet’s achievements. To date, Rocket Internet has started over 100 companies across five continents. Rocket Internet’s engineering work is primarily done in-house through its 250 dedicated IT engineers based in Rocket Internet’s corporate headquarters in Berlin and in various technology development centers throughout the world. Currently, Rocket Internet holds a significant interest in 75 ventures with 20,000 employees in over 50 countries world-wide.
Rocket Internet’s strategy is to develop and support leading, highly innovative e-commerce companies in the fashion, general merchandise and furniture sectors. Rocket is targeting Europe, Russia, Latin America, Africa, the Middle East, India, Southeast Asia and Australia with its ventures – covering in total five billion people and 60 percent of global GDP. Since 2010, Rocket Internet has helped to create and grow over a dozen leading e-commerce players including:
In the fashion e-commerce sector:
In the general merchandise e-commerce sector:
In the online furniture and home decoration e-commerce sector:
Other companies recently founded by Rocket Internet include:
Rocket Internet companies are backed by leading global institutional investors and entrepreneurial families. Recent capital raises include:
Rocket Internet was founded in 2007 by Alexander, Marc and Oliver Samwer. Investment AB Kinnevik and Access Industries became Rocket Internet investors and partners in 2008 and 2012, respectively. Rocket Internet is headquartered in Berlin, Germany, and operates 25 international offices in five continents.
Over the past 15 years, Rocket and/or the Samwer Brothers have created, developed, and successfully exited over 25 significant online businesses to leading international companies such as eBay, Groupon, Rakuten, and NBC Universal. They were also early investors in Facebook, LinkedIn, Eventbrite and many other successful internet companies.
While these are all impressive statistics by Rocket Internet, what’s more impressive and often unreported is the fact that Rocket Internet as a whole has trained and spawned off a whole new generation of entrepreneurs and startups after leaving Rocket Internet backed companies. In Singapore, we see HipVan, Tate & Tonic and IndieScapes being founded by ex-Rocket Internet executives. In Malaysia, PerkPool is also founded by an ex-Rocket Internet executive. The guys over at Lazada Thailand recently formed Alpha Ventures, a venture arm in Thailand. In Hong Kong too, the team behind the recently launched Hotel Quickly app were also ex-Rocket Internet executives. In Indonesia, Lolabox, an online beauty box subscription service, is also founded by ex Rocket Internet executives.
Other than economical value, the Rocket Internet folks have definitely generated a whole new breed of entrepreneurs from their ventures, leaving their legacies and footprints for a long time to come.
Read more about startups founded by Rocket Internet executives: