East-West Digital News 11 May 2012
Rocket Internet, the Samwer brothers’ famous Berlin incubator, has received a $200 million investment from Access Industries, a US based industrial holding owned by Russian-American billionaire Leonard Blavatnik. The news was reported earlier this week by Berlin-based tech blog VentureVillage.com, which cited unnamed industry sources.
The amount has placed Access Industries second behind Swedish investment company Kinnevik, VentureVillage.com notes. The latter spent a record €300 million on Rocket Internet and its portfolio companies in the last quarter alone.