Silicon Valley-based VC Rocketship raises $100 mn for its second fund

Venture capital firm Rocketship.vc has raised $100 million for its second fund. Founded by data scientists and entrepreneurs from companies like Amazon and Walmartlabs, the fund has so far invested in 44 start-ups including NoBroker, Moglix and Yulu.

The launch of Fund II will enable the VC to continue investing globally across sectors and company stages and increase the firm’s number of follow-on investments, said the Silicon Valley-based VC.

Rocketship uses machine learning and data science to identify and invest in startups around the world. The firm’s algorithm tracks companies globally using a series of metrics to indicate the probability that a startup will be successful.