Sat. Nov 28th, 2020

Fxtriangle | Market analysis | Managed trading

Fxtriangle will make Fx trading look easy. closes second global fund with $100 million

1 min read

San Francisco-based venture capital (VC) firm, backed by several Indian technology startups including NoBroker, Yulu, Khatabook, Springboard, has raised $100 million for its second fund.

With the new fund, the VC firm remains bullish about investing in the Indian startup ecosystem, which is its second largest country for investments, after its home market – US.

Rocketship is backed by global investors including Vulcan Capital, which had earlier invested in e-commerce giant Flipkart, private equity firm Adams Street Partners, as well as the family office of Marc Andreesen and Chris Dixon from VC firm A16z.

Rocketship’s second fund is double the size of its first, which it closed in late 2015 at $40 million. Now, the VC firm will be investing across seed to Series B stages of funding and is scouting for opportunities in the Indian fintech, edtech and agritech space.

It is also looking to invest in startups working in cloud and business-to-business (B2B) technology.

Rocketship plans to make 10-12 investments globally from the new fund.

Until now, Rocketship has invested in 44 companies across seed, Series A, and Series B rounds, with 46% of investments outside the US.

The launch of Fund II will also enable Rocketship to continue investing globally across different sectors and company stages, and increase the firm’s number of follow-on investments.

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