Close Menu
Ztoog
    What's Hot
    Science

    NASA’s Psyche wins first deep space laser relay

    Technology

    Seven ClassTools Templates to Try This Year

    Science

    ‘Little red dot’ galaxies are breaking theories of cosmic evolution

    Important Pages:
    • About Us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    Facebook X (Twitter) Instagram Pinterest
    Facebook X (Twitter) Instagram Pinterest
    Ztoog
    • Home
    • The Future

      How I Turn Unstructured PDFs into Revenue-Ready Spreadsheets

      Is it the best tool for 2025?

      The clocks that helped define time from London’s Royal Observatory

      Summer Movies Are Here, and So Are the New Popcorn Buckets

      India-Pak conflict: Pak appoints ISI chief, appointment comes in backdrop of the Pahalgam attack

    • Technology

      Ensure Hard Work Is Recognized With These 3 Steps

      Cicada map 2025: Where will Brood XIV cicadas emerge this spring?

      Is Duolingo the face of an AI jobs crisis?

      The US DOD transfers its AI-based Open Price Exploration for National Security program to nonprofit Critical Minerals Forum to boost Western supply deals (Ernest Scheyder/Reuters)

      The more Google kills Fitbit, the more I want a Fitbit Sense 3

    • Gadgets

      Maono Caster G1 Neo & PD200X Review: Budget Streaming Gear for Aspiring Creators

      Apple plans to split iPhone 18 launch into two phases in 2026

      Upgrade your desk to Starfleet status with this $95 USB-C hub

      37 Best Graduation Gift Ideas (2025): For College Grads

      Backblaze responds to claims of “sham accounting,” customer backups at risk

    • Mobile

      Samsung Galaxy S25 Edge promo materials leak

      What are people doing with those free T-Mobile lines? Way more than you’d expect

      Samsung doesn’t want budget Galaxy phones to use exclusive AI features

      COROS’s charging adapter is a neat solution to the smartwatch charging cable problem

      Fortnite said to return to the US iOS App Store next week following court verdict

    • Science

      Failed Soviet probe will soon crash to Earth – and we don’t know where

      Trump administration cuts off all future federal funding to Harvard

      Does kissing spread gluten? New research offers a clue.

      Why Balcony Solar Panels Haven’t Taken Off in the US

      ‘Dark photon’ theory of light aims to tear up a century of physics

    • AI

      How to build a better AI benchmark

      Q&A: A roadmap for revolutionizing health care through data-driven innovation | Ztoog

      This data set helps researchers spot harmful stereotypes in LLMs

      Making AI models more trustworthy for high-stakes settings | Ztoog

      The AI Hype Index: AI agent cyberattacks, racing robots, and musical models

    • Crypto

      ‘The Big Short’ Coming For Bitcoin? Why BTC Will Clear $110,000

      Bitcoin Holds Above $95K Despite Weak Blockchain Activity — Analytics Firm Explains Why

      eToro eyes US IPO launch as early as next week amid easing concerns over Trump’s tariffs

      Cardano ‘Looks Dope,’ Analyst Predicts Big Move Soon

      Speak at Ztoog Disrupt 2025: Applications now open

    Ztoog
    Home » Global Founders Capital will deploy Rocket Internet’s cash instead of raising a new fund
    The Future

    Global Founders Capital will deploy Rocket Internet’s cash instead of raising a new fund

    Facebook Twitter Pinterest WhatsApp
    Global Founders Capital will deploy Rocket Internet’s cash instead of raising a new fund
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp

    Global Founders Capital, the Berlin-based early stage VC agency with shut ties to the German startup manufacturing unit Rocket Internet, goes to turn into the enterprise arm of Rocket Internet.

    The VC beforehand raised two $1 billion funds and, simply a few years in the past, its identify appeared in dozens of offers per yr. But then, issues quietened down. Now we all know why: Going ahead, it’ll completely make investments from Rocket Internet’s stability sheet.

    Last yr the Financial Times reported that Global Founders Capital was within the center of a massive strategic shift. A pair of weeks in the past the VC agency reached out to Ztoog to substantiate the pivot and talk about the explanations behind the shift.

    “To be transparent, there have been quite a few changes at Global Founders Capital in recent years — in terms of the structure of the fund and the composition of the team,” Global Founders Capital Partner David Sainteff (pictured above) informed us.

    Sainteff mentioned the agency determined it’s not the suitable time to boost one other fund as a result of it’s not a nice time to take a position as they don’t consider there are that many good alternatives that meet the agency’s standards and that they don’t want extra capital to stay aggressive in opposition to different traders for offers.

    Global Founders Capital was initially structured as a conventional VC agency with a number of restricted companions taking part in funds. With its first fund, it backed then-future unicorns comparable to Personio, Revolut and SumUp. With its second fund, the agency invested in a number of firms Ztoog has additionally lined, comparable to Pennylane, Ankorstore and Seyna.

    Prior to becoming a member of Global Founders Capital, seven years in the past, Sainteff labored for Rocket Internet which was an investor in Global Founders Capital from the start. So there have been shut ties between them because the starting.

    “Following the deployment of this second fund, we decided not to raise another fund. Instead, we’ll use Rocket Internet’s capital,” he confirmed. “We have €300 million to deploy for venture investments on the balance sheet. We don’t have any fundraising planned.”

    Frankly, that is a bit odd because the agency’s previous efficiency appears fairly good. According to Sainteff, the primary fund goes to generate returns between 3x and 4x. “For the second fund, it’s far too early [to say],” he continued. “But we have a few clear winners like Pennylane. We entered at the pre-seed stage and the company is worth over €1 billion.”

    The new technique means Global Founders Capital is now a lot smaller than it was, with solely 5 companions left: Fabricio Pettena, Don Stalter, Cedric Asselman, Sainteff and of course Rocket Internet co-founder and CEO Oliver Samwer.

    The new model of the agency will additionally solely concentrate on early stage investments, plus the flexibility for follow-on investments in later rounds (Series A, B, C, and so forth).

    Did Global Founders Capital select to not elevate a third fund as a result of it didn’t get sufficient help from potential restricted companions or as a result of of the present tech downturn in comparison with 2021 (with the exception of the growth in synthetic intelligence)? Probably the choice hinged on a bit of each.

    “It wasn’t the best moment to raise funds with [limited partners],” Sainteff informed us. “We think it was difficult to have the imperative to deploy capital.”

    “It’s an easy decision to make when you have €300 million in the bank,” he added. “If other VC firms were in the same boat, they would have made the same decision. We don’t rule out the possibility to raise a fund when the conditions are right and favorable.”

    For now, the pivot reverses a lot of the fund’s earlier growth, when it scaled into extra geographies, tech areas and funding levels and the Global Founders Capital identify was hooked up to a bunch of offers.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp

    Related Posts

    The Future

    How I Turn Unstructured PDFs into Revenue-Ready Spreadsheets

    The Future

    Is it the best tool for 2025?

    The Future

    The clocks that helped define time from London’s Royal Observatory

    The Future

    Summer Movies Are Here, and So Are the New Popcorn Buckets

    The Future

    India-Pak conflict: Pak appoints ISI chief, appointment comes in backdrop of the Pahalgam attack

    The Future

    Meta says its Llama AI models have been downloaded 1.2B times

    The Future

    Your Kidneys Deserve Better — These 13 Superfoods Can Help

    The Future

    Oclean announces 50% off sale for Black Friday at Shaver Shop

    Leave A Reply Cancel Reply

    Follow Us
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    Top Posts
    AI

    Meet Laminar AI: A Developer Platform that Combines Orchestration, Evaluations, Data, and Observability to Empower AI Developers to Ship Reliable LLM Applications 10x Faster

    Because LLMs are inherently random, constructing dependable software program (like LLM brokers) requires steady monitoring,…

    Science

    Rare traces of tooth decay and gum disease found in Bronze Age teeth

    Keeping our teeth clear has been a ache for hundreds of years, with some notably…

    Crypto

    Bitcoin Depot’s Nasdaq Debut Listing Turns Heads: Stock Price Jumps 12%

    Bitcoin Depot, the trailblazing pressure behind the world’s largest community of cryptocurrency ATMs, celebrated a…

    Gadgets

    Everything we learned today about Vision Pro configurations, specs, and accessories

    Enlarge / Apple’s Vision Pro headset.Samuel Axon Apple’s Vision Pro went up for preorder this…

    AI

    Collaborative learning with large language models – Google Research Blog

    Posted by Amirkeivan Mohtashami, Research Intern, and Florian Hartmann, Software Engineer, Google Research

    Our Picks
    Technology

    Asus will offer local ChatGPT-style AI servers for office use

    The Future

    Facebook change to control covid-19 vaccine misinformation failed

    Mobile

    Honor signs a 5G patent license agreement with Nokia

    Categories
    • AI (1,482)
    • Crypto (1,744)
    • Gadgets (1,796)
    • Mobile (1,839)
    • Science (1,853)
    • Technology (1,789)
    • The Future (1,635)
    Most Popular
    Science

    The Snow Crab Vanishes | WIRED

    AI

    Job titles of the future: AI Prompt Engineer

    Mobile

    UGREEN 300W 48000mAh Power Bank review: The only power bank you’ll ever need

    Ztoog
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • About Us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    © 2025 Ztoog.

    Type above and press Enter to search. Press Esc to cancel.