Former Method One champion Nico Rosberg, identified for his overcome Lewis Hamilton within the 2016 world championship earlier than his retirement, is now steering into a brand new area: asset administration. The 38-year-old has lately secured €30 million in funding to launch Rosberg Ventures.

Rosberg Ventures, dubbed a “fund of funds,” is poised to spend money on tech-focused enterprise capital companies, appearing on behalf of prosperous household workplaces throughout Europe. With plans to amass €75 million by the yr’s finish, the fund intends to channel investments into famend VC entities similar to Andreessen Horowitz, Kleiner Perkins, and Accel.

Leveraging his stature and community, Rosberg has cultivated relationships with discerning enterprise capital companies and influential households all through Europe. Not like many sports activities figures who merely lend their names to ventures, Rosberg has been deeply concerned in enterprise capital for the previous eight years, adopting a hands-on strategy.

In an interview with The Sunday Instances, Rosberg expressed his dedication to his new enterprise, stating, “I’ve actually discovered my new mission right here with my enterprise life after F1. It’s actually full-on day by day. I’m the CEO. I set the imaginative and prescient. I set the technique, and I construct the group. I’m on the absolute forefront of this mission day by day.”

As an angel investor, Rosberg has supported over 35 start-ups and growth-stage firms, highlighting UK renewable power start-up Fuse Vitality as a private favourite. Moreover, he co-founded Berlin’s GreenTech Pageant, a platform for sustainable tech funding, and is a distinguished determine on Germany’s entrepreneurial present, Die Höhle der Löwen (The Lion’s Den).

Reflecting on the transition from the adrenaline-fueled world of F1 to enterprise capital, Rosberg admitted to lacking the instantaneous rush of victory. “In sports activities, you don’t know till the nook if you happen to’re going to win this or not,” he remarked. “However you cross that end line, and you recognize in that on the spot that you just’ve received, and you’ll simply explode with emotion.”

In distinction, the journey in enterprise lacks a definitive endpoint, with every milestone prompting additional steps. Regardless of this distinction, Rosberg finds the enterprise capital panorama exhilarating, marking a brand new chapter in his profession trajectory.

Born in Germany and raised in Monaco, Rosberg, the son of Finnish F1 racing legend Keke Rosberg, now splits his time between Monaco and Ibiza whereas navigating his newest enterprise in asset administration.