Former Formula One world champion Nico Rosberg has raised $100m for his venture capital firm, Rosberg Ventures, expanding a platform that has become one of the largest technology investment vehicles launched by a former professional athlete, Bloomberg reported.

The fundraise marks the close of Rosberg Ventures’ third fund and brings the firm’s assets under management to $200m. Rosberg founded the firm in 2022 after retiring from Formula One, where he won the world championship in 2016.

Rosberg Ventures typically writes cheques of between $2m and $5m, a strategy Rosberg described as “collaborative”, allowing the firm to back companies without seeking controlling stakes or competing directly with larger venture capital managers.

The firm initially operated largely as a fund of funds, investing in established venture capital firms, but has increasingly moved into direct investments. Its portfolio includes ClickHouse, a database technology company spun out of Yandex that was valued at $6.35bn in May.

Smaller venture firms have faced tougher fundraising conditions in recent years as higher interest rates and economic uncertainty pushed capital towards larger, established managers. Against that backdrop, Rosberg’s profile and network have helped secure backing, although he declined to name investors in the latest fund.

Rosberg said his involvement often extends beyond capital, including brokering commercial partnerships between startups and larger companies connected to his investor base. The raise underscores continued investor appetite for niche venture strategies aligned with high-growth technology themes.

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