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RTP Global
US-based venture capital firm RTP Global has announced the launch of a $1 billion fund as it aims to back startups that are based in North America, Europe, India, and Southeast Asia.
The investment firm,which will invest in seed to Series A stage startups, counts CRED, Classplus, and DeHaat, are some of its portfolio startups.
According to the statement, It intends to invest in sectors such as AI/ML, enterprise software, fintech, ecommerce, and edtech.
Out of the $1 billion fund, approximately $660 million will be allocated for investments in new early-stage startups while the remaining $340 million will be directed towards "breakout" companies—those that have exhibited exceptional performance and growth—from the firm's existing portfolio.
So far, RTP Global has invested in more than 110 startups globally and aims to contribute to the expansion and success of innovative entrepreneurial ventures, the venture capital firm said.
Since the growth of AI, RTP Global has strategically started focusing on sectors like AI/ML, enterprise software, fintech, ecommerce, and edtech as it offers significant growth potential, making them attractive for investment.
"Since the launch of RTP III, we invested significantly into building our global footprint with new offices and investment team presence in London, New York, Paris, Dubai, Amsterdam and Bangalore," said Alex Pavlov, investment partner RTP Global Europe.
"The fact that our capital is raised based on the success of our previous investments, rather than traditional LP structures, means that we can deploy it to closely align with the interests of the founders we back," said Gareth Jefferies, Partner at RTP Global.
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