Early-stage venture capital firm Rocketship.vc raised $100 Mn
Early-stage venture capital firm Rocketship.vc, which uses data to democratise venture capital, has raised $100 mn backed by investors such as Vulcan Capital, Adams Street Partners, as well as the family office of Marc Andreesen, and Chris Dixon from A16z.
The launch of Fund II will enable Rocketship.vc to continue investing globally across different sectors and company stages, and increase the firm’s number of follow-on investments.
Rocketship.vc uses machine learning and data science to identify and invest in startups around the world. The company uses an algorithm to track companies by setting metrics that enable it to find out how a startup will be successful.