Rosberg Ventures, a venture capital firm founded by former F1 world champion Nico Rosberg, has just closed its $100m Fund III.
The VC firm is on a mission to support the world’s most impactful startups, in sectors that include AI, software and climate tech.
Rosberg Ventures describes itself as a 鈥榖ridge鈥� between corporate Euripe and the world’s leading startups.
The 40-year-old, who retired from motor racing days after clinching the 2016 title, has become a prolific angel investor.
He said: 鈥�We鈥檝e just closed our $100m Fund III at Rosberg Ventures, oversubscribed with unprecedented demand, and capped allocations for optimised performance.
Humbled
鈥淚鈥檓 super humbled by the support we鈥檝e received once again. A heartfelt thank you especially to all our long term partners for the trust.
鈥淗ere are some learnings from Formula 1 that have helped us progress so rapidly.
鈥淭ake your chances. Sometimes that means even taking those very low odds, 10 per cent chances, but where the upside is enormous.
鈥淓verything comes down to preparation. It鈥檚 essential to go through all the failure scenarios.
鈥淭hen explore how to make the best of those negative outcomes, or develop a plan to mitigate their negative impact (so that they don鈥檛 actually look bad at all).
鈥淭his will give you the confidence to go all in on your opportunity.
鈥淚n sport, you must often go on the attack and take these risks wholeheartedly.
鈥淚ntuitively deciding on which chances to take, and then sometimes succeeding, will compound very powerfully.
鈥淚鈥檓 incredibly proud of our Rosberg Ventures team. Venture is a long journey. It will never feel as clear as crossing a finish line in racing.
鈥淏ut moments like this, getting well passed $200M in AUM, are great milestones giving us the firepower now to keep racing forward.鈥�