Sedo's parent company United Internet invests 435 million EUR in Rocket Internet

IT.com

domainking131

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United Internet is investing a total of EUR 435 million for a 10.7% stake in the incubator Rocket Internet AG, Berlin. The investment will cement the long term strategic relationship between United Internet and Oliver Samwer, Rocket’s CEO and co-founder.


United Internet’s investment consists of EUR 333 million in cash, and EUR 102 million represented by United Internet’s equity participation in the portfolio of the Global Founders Capital funds.

United Internet has been successfully investing in consumer Internet and technology businesses together with the Samwer brothers through Global Founders Capital since 2007.


Rocket Internet identifies and builds proven Internet business models and transfers them to new, underserved or untapped markets where it seeks to scale them into market leading online companies. It aims to become the world’s largest Internet platform outside of China and the United States. Rocket is focused on online business models that satisfy basic consumer needs across three sectors: e-Commerce, marketplaces and financial technology.
 

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