Rocketship. In the first close of its third fund, VC raises $125 million.
Rocketship is an investing firm situated in Silicon Valley.
In the principal closing of its third asset, vc raised $125 Mn. The company is now implementing an excellent financial planning strategy for the assets raised across new entities.
Rocketship.vc will continue to invest in emerging Indian companies. The company has invested about 33% of its total allocation in new Indian firms. It started by investing in seed and early-stage startups before moving on to later stages by investing in Series A and B funding adjustments.
Rocketship. While vc’s most notable asset was covered at $40 Mn in 2015, its most recent asset, which it raised $100 Mn for, arrived in 2019–20. About 20 new Indian businesses, including any resemblance to Khatabook, Moglix, NoBroker, and Jar, are among those in its portfolio. The vc firm also intends to provide a similar amount for follow-on stakes in its current organisations using the second asset’s surplus funds. With the proceeds from the ensuing assets, it invested in about 20 new companies.
Although Harinarayan predicted that the third asset would likely have a larger corpus than the primary close, he did not specify how much more.
rocketship.vc seems to be a fascinating startup with motivating advancement on venture capital and private equity principals platform. I’m sure this startup would continue to flourish in its journey ahead. All the very best to the entire group of rocketship.vc. This will give them tremendous accomplishments in the future.Shishir Gupta, Founder and CEO, StartupLanes
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