ROCKAWAY VENTURES FUND
Rockaway Ventures Fund, with a target size of EUR 100 million (CZK 2.5 billion), focuses primarily on start-ups in Central and Eastern Europe and DACH, that are digitalizing traditional industries while following ESG (Environmental, Social, Governance) principles.
WE BUILD ON SUCCESSES OF ROCKAWAY VENTURES
ROCKAWAY VENTURES FUND IMPLEMENTED FIRST CLOSE IN MARCH 2022
ESG PROCLAMATION OF ROCKAWAY VENTURES FUND
At Rockaway, we see a commitment to Environmental, Social and Governance (ESG) principles as both a responsibility and an opportunity. We believe ESG-driven companies not only perform better, they can also bring disruptive innovations to tackle urgent global problems. Here we see our role: in helping startups expand their solutions to meet society’s needs. In 2021, we launched Rockaway Ventures Fund (RVF), a €100m venture capital fund focused on high growth digital economy startups with the potential for positive ESG impact. RVF will invest primarily in businesses in Central and Eastern Europe (CEE) across the following sectors: Retail/E-tail, Supply Chain Tech, Telco-Media & Entertainment, Fintech, Digital Health, Cybersecurity & Data Management, Food Tech, Cleantech, Proptech, EdTech and Smart Travel. RVF signed up its first two startups in 2021, Lingvist and Vivere, and our latest investments Campiri, Freeway Camper, and Spotawheel are prime examples of environmentally conscious portfolio companies, as they foster sharing economies, donations to ecological and sustainable projects, and carbon neutral traveling. We select our portfolio companies (where possible but not primarily) based on an ESG-oriented screening and due diligence process that we are continuing to refine together with peers and partners, including fellow members of Venture ESG. In addition to launching RVF, we have also become signatories of the UN’s Principles for Responsible Investment (UNPRI) and are currently driven by the Article 8 with the long term ambition to be compliant with more rigor EU legislation (Article 9), including the EU Taxonomy and the Sustainable Finance Disclosure Regulation (SFDR). In short, we’ve taken our first steps on this important journey, and are excited to measure and report the benefits it will bring for society, our startups, and our company in the coming years. Learn more