Get the latest tech news
Global Founders Capital will deploy Rocket Internet’s cash instead of raising a new fund
After raising two $1 billion funds, Global Founders Capital isn’t raising a third fund. Instead, the firm will invest Rocket Internet’s cash.
A couple of weeks ago the VC firm reached out to TechCrunch to confirm the pivot and discuss the reasons behind the shift. The new strategy means Global Founders Capital is now much smaller than it used to be, with only five partners left: Fabricio Pettena, Don Stalter, Cedric Asselman, Sainteff and of course Rocket Internet co-founder and CEO Oliver Samwer. Did Global Founders Capital choose not to raise a third fund because it didn’t get enough support from potential limited partners or because of the current tech downturn compared to 2021 (with the exception of the boom in artificial intelligence)?
Or read this on TechCrunch