RTP Global, an early-stage venture capital firm headquartered in London, has announced its latest fund, RTP IV, which totals $1 billion in new capital. The $1 billion fund earmarks $660 million for RTP Global’s early-stage investment strategy and $340M to provide ongoing support to RTP IV’s ‘breakout’ portfolio companies.
The $1 billion fund represents an increase of over 50% to RTP Global’s previous fund, RTP III, which was closed in 2020. Since then, the firm has grown its presence with offices in London, Paris, Amsterdam, New York City, Dubai, and Bangalore.
To back Seed, Series A rounds
The fund is the latest evolution in RTP Global’s strategy of investing globally in founders who reshape the world through technology. The Fund IV of RTP Global will focus on the seed and Series A rounds. It will be deployed across North America, Europe, India, and Southeast Asia. When it comes to sectors focused, the fund will be deployed across AI/ML, enterprise software, fintech, e-commerce, and edtech industries.
The capital for the new fund derives almost entirely from the reinvestment of proceeds from RTP Global’s previous investments.
Alex Pavlov, investment partner at RTP Global in Europe: “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. 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. 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.”
Gareth Jefferies, Partner at RTP Global: “It is a fantastic time to grow a category-leading company in Europe. In recent years, the ecosystem has flourished and the talent that exists today is abundant. This is why RTP IV comes at such an exciting time; the opportunity is ripe. 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. This, combined with our international outlook and long-term partnership, makes us the best partner for companies that have the ambition to become category leaders – not only in the European market, but globally.”
Impressive investment portfolio
Founded by Leonid Boguslavsky, RTP Global has invested in over 110 startups with one in 10 becoming multi-billion dollar businesses. Notable early-stage investments include Datadog, a monitoring and security platform for cloud applications, DeliveryHero, the online food ordering service, and Cred, a rewards-based credit card payment app. Besides this, the VC firm has also invested in startups such as Yonder and emma.
