Amsterdam-based Rockstart launches €30M ‘Rockstart Emerging Tech’ fund, plans to help 50 startups. silicone canals

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Amsterdam-based Rockstart, a global early-stage investor, announced on Tuesday that it has launched its third fund, Rockstart Emerging Tech, with a goal of €30M.

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The Dutch firm says it will use the funds to help 50 early-stage emerging technology startups and ideas tackle urgent social problems through tech-enabled solutions over the next ten years.

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The “Rockstart Emerging Tech” fund will focus on Industry 4.0 and more general applications proposing solutions for advanced analytics, smart societies, digital health, data privacy/security, and positive change.

Rune Thiel, CEO and co-founder of Rockstart, says, “Rockstart Emerging Tech Fund will invest in technology startups with an agenda driven by the objective of maximizing impact in the future. Rockstart has the support of tech founders locally, regionally and globally. We have the experience and track record of providing access to market and capital partners at all stages. With Rockstart Emerging Tech, we are expanding the strategy we set out in 2012.”

The fund is supported by the Volkstfonden (Danish Sovereign Wealth Fund), the family office De Hoge Denen, several tech entrepreneurs, the founders of Rockstart alumni, and other informal investors.

In fact, Rockstart has already selected the first batch of startups for its third fund and will launch its accelerator program at the end of August. The programs are domain-focused and tailor-made, designed to rapidly take early-stage startups from MVP to scaling.

The programs will run twice per year in the spring and fall. Following the program, Rockstart will continue to co-invest in its portfolio companies and may participate in Series B rounds.

Emerging tech Michael Björnlund, managing partner at Rockstart, says, “There is a great need for talented and passionate startup teams to solve today’s critical challenges. With the new Rockstart Emerging Tech Fund, we expand the areas in which Rockstart has such founders.” and can support teams in their efforts to craft and grow businesses. In addition, we aim to establish closer relationships with the entrepreneurs we invest in – from our pre-seed investment and acceleration program and potentially Series B Co-investing till the round. We are very proud to have backed investors to launch this fund and continuing trust organizations such as Volkstfonden and De Hoge Denen, housed in Rockstart, enable us to fulfill our mission.”

If you have a compelling idea, apply to Rockstart Emerging Tech here.

Rockstart: What you need to know

Rockstart is an early stage investor that empowers founders across three domains – Energy, Agrifood and Emerging Technologies.

Dutch VC firm invests in early stage ventures. It provides access to capital, markets and expertise by connecting co-investors, advisors, partners, corporates and founders with an extensive Rockstart network.

The company has invested in over 280 ventures and its alum value exceeds $1B. In addition, the company has invested in over 60 agriculture and energy startups in Europe, Asia and the Americas from its first two funds in 2019 and 2020 respectively.

Rockstart has notable exits like Wercker, Bouw7, iClinic, and in 2021, 3D Hub and Brincr. The company has offices in Amsterdam, Copenhagen and Bogota.

investor

Vaeksfonden is the investment fund of the Danish state. In collaboration with banks and domestic and international investors, Vaekstfonden identifies and develops companies that Denmark cannot miss.

“Denmark is known as one of the most digital countries in the world. This position was created by, among others, skilled entrepreneurs to bring new solutions to the market. Our investment in Rockstart Emerging Tech is one of the exact agenda. Volkstfonden, Denmark’s sovereign investment fund, sees a clear opportunity to grow and develop more early-stage startups that help solve social challenges through innovative digital solutions. We have demonstrated our worth in Denmark through the Agrifood Fund, and we are delighted to be part of yet another partnership,” says Lars Nordal Jensen, Early Stage Director, Vokstfonden.

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