Global Founders Capital launches USD194m fund for e-commerce

GFC

Investing in e-commerce

Global Founders Capital (GFC), a new VC targeting e-commerce in emerging markets, has raised a EUR150m (USD194m) fund (reports StrategyEye). The fund’s key backers include the founders of startup incubator Rocket Internet, Oliver and Marc Samwer, as well as Fabian Siegel. GFC expects to close its first funding deal within five weeks, according to Samwer.

Although the fund will focus on e-commerce, the firm expects to expand its investments to all sectors with deals ranging in size from USD100,000 for seed capital to USD10m for later stage investments. Siegel says that two particular targets for late stage investment are apps and big data solutions. The firm has a limited number of partners with capital sourced predominantly from the Samwers and other entrepreneurial families. 

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