Global Millennial Capital has partnered with Rocket Dollar

By Joy Dumasia

Global Millennial Capital, a Middle East-based venture fund investing in international markets, completes its sixth investment with a new allocation towards the FinTech vertical by announcing its partnership with Rocket Dollar. Global Millennial is the first data-driven investor to use artificial intelligence and machine learning technology to revamp the long-standing traditional investment evaluation and decision-making process.

Global Millennial Capital is transforming how venture capitals have traditionally allocated money by introducing data analytics, artificial intelligence, and machine learning models into the investment origination and preliminary evaluation stages.

Rocket Dollar was founded in 2018 by Henry Yoshida, believing that retirement is changing with the consumers looking to gain access to alternatives within their retirement investment plans. Before Rocket Dollar, Yoshida was the co-founder of Honest Dollar, a robo-advisory retirement platform Goldman Sachs acquired and a founder of MY Group LLC, a $2.5-billion assets under management investment firm.

Rocket Dollar aims to remove the limitations in the current retirement investment options and provide the public with multiple asset classes such as cryptocurrency, private equity, startups and new businesses, peer-to-peer lending, to name a few, to invest in so they can work towards and have complete control over the retirement they envision for themselves.

Rocket Dollar investment thesis was developed as part of the Global Millennial Capital FinTech cluster assessment, including a data review of cluster attractiveness, statistical indicators, and a machine learning algorithm scoring. The investment and data analysis team concluded that Rocket Dollar ranks within the top quartile of its peer group, highlighting attractive cluster and company-specific indicators.

Global Millennial Capital fund, structured as an offshore regulated private investment fund with FSC, which authorizes emerging fund managers to launch innovative strategies, is backed by 70 investors from the Middle East, including family offices and HNWIs.