RTP Global launches $1bn VC fund
Two-thirds of RTP Global’s new fund, its largest to date, will be focused on early-stage founders.
Early-stage venture capital firm RTP Global, a backer of Yonder and Cred among other fintechs, has a $1bn fund.
The new portfolio is the firm’s largest fund to date and underscores the resilience of the early-stage funding environment for startups in the face of a number of macroeconomic headwinds.
The fund has a primary focus on seed and Series A rounds and will be deployed across North America, Europe, India and Southeast Asia.
RTP Global takes a generalist approach, investing across sectors such as AI/ML, enterprise software, fintech, e-commerce, and edtech.
RTP Global has offices in London, Paris, Amsterdam, New York City, Dubai and Bangalore.
Alex Pavlov, investment partner at RTP Global in Europe says the firm has been investing significantly in global expansion.
“As a result, we can work more closely with our founders and improve our knowledge of the local markets. What’s more, our global network means we can support our founders as they expand into new markets,” he said.
“This is key to our mission of partnering with ambitious founders early on and supporting them throughout their journey to become category leaders. With the new capital of RTP IV, we can provide founders with more opportunities and resources to help them achieve this goal,” he added.