The co-founder of Rocket Internet is giving fundraising through SPAC a go – I mean, why not if everyone else is!
CEO Oliver Samwer and other management team members of the German startup “factory” filed for a $250m blank check that is set to list on the NYSE.
And what would they do with all that cash? Likely build new tech ventures, of course!
The Berlin-based company has raised over $2.2b in the past, which was used to expand its portfolio of online-focused businesses that serve untapped opportunities in emerging markets.