new 78 million fund for technological start-ups” | EUROtoday

Long-lasting focus, skill to make choices underneath strain, evaluation of visible, auditory and knowledge stimuli in a number of moments, very brief response instances and danger calculation. These are the traits that led Nico Rosberg to win the Formula 1 drivers’ world championship in 2016. That the brains of drivers have unusual traits, like that of astronauts, is confirmed by varied scientific research and Rosberg, as soon as he left the world of racing , determined to make use of it in one other quick, dangerous and adrenaline-filled context, that of investments in technological innovation.

The first steps as a enterprise angel

The curiosity in investments in start-ups started eight years in the past, when the previous champion participated within the first operations as a enterprise angel, after which went on to gather a portfolio of over 35 investments between Europe and the United States. Among different operations, it has participated in rounds of Applied Intuition, a provider of car software program for the automotive, trucking, building, mining and agricultural sectors, which final March closed a financing spherical of Series E of $250 million at an organization valuation of $6 billion. Or even Elon Musk’s Space

The start of Rosberg Venture

A community of relationships that he then made obtainable to the corporate he based along with his childhood pal Francesco Sama, with a robust previous in non-public banking. In simply two years, Rosberg Ventures has now reached the milestone of $100 million in property underneath administration, due to the closing of the second fund of funds to 78 million {dollars}collected by Italian and German entrepreneurial households. The second fund arrives only a 12 months after the primary, which closed in 2023 at $22 million and was absolutely invested.

«For environment friendly administration of property, a portion of 1’s capital ought to be invested in the very best enterprise on the earth on the mannequin of what Yale University has completed within the final 40 years. I made a decision to comply with that instance, however the enterprise world may be very small and the expansion is captured by a number of gamers, so it’s acceptable to put money into these funds and to take action you want a essential mass. We subsequently considered bringing collectively the wealthiest households of Germany and Italy to lift funds” says Nico Rosberg, who keeps at hand the book by David Swensen, Yale’s chief investment officer from 1985 until his death in 2021.

Entrepreneurs-investors

A closed world, that of American venture capital, to which he has access due to the passion that many share for Formula 1. «It is very difficult to have access to the best funds, you have to bring added value. In my case it’s Formula 1 because everyone is passionate about this sport, but then we start talking about business and I have to take a further step. So I bring a particular strategic angle: the major German and Italian entrepreneurial families who can create links and partnerships with the start-ups in which venture capital invests. Families not only have the advantage of return on capital, therefore, but they also have added value from an industrial point of view, because we have access to varied and cutting-edge investment portfolios. VC funds, on the other hand, have the possibility of presenting start-ups with important potential European clients, who by signing contracts can increase the companies’ revenues. It’s a win-win situation” explains Rosberg when reached by Il Sole 24 Ore throughout a visit to Singapore.

https://www.ilsole24ore.com/art/nico-rosberg-campione-formula-1-diventato-business-angel-AGl0BfEB