Home Investment RTP Global Announces Closure of $1bn Fund With Focus on India for One-Third of Investments

RTP Global Announces Closure of $1bn Fund With Focus on India for One-Third of Investments

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RTP Global Announces Closure of $1bn Fund With Focus on India for One-Third of Investments


RTP Global, an early-stage venture capital firm, has announced the closure of its latest fund, which has a corpus of $1 billion and will allocate one-third of its investments to India.


RTP IV is part of the firm’s global investment strategy, with a focus on seed and Series A funding. The fund will be deployed in India, North America, Europe, and Southeast Asia, targeting sectors such as artificial intelligence/machine learning, enterprise software, fintech, e-commerce, and edtech. Of the fund, $660 million will be allocated for RTP Global’s early-stage investments, while $340 million will support “breakout” portfolio companies.


According to RTP Global, “We anticipate splitting the investment amount equally between the regions we operate in (Asia, Europe, and the US), given that we have equally sized teams in each geography and can source great opportunities across them all. We believe that India and SEA (Southeast Asia) are vibrant with entrepreneurial opportunities, and we are actively exploring innovative ideas and potential partnerships that align with our vision.”


RTP Global has invested in over 110 startups, with one in ten becoming multi-billion dollar businesses. Some notable early-stage investments include Datadog, a monitoring and security platform for cloud applications; DeliveryHero, an online food ordering service; and CRED, an Indian rewards-based credit card payment app.


“We couldn’t have reached this milestone without the incredible success of our founders. India and Southeast Asia are vibrant with entrepreneurial opportunities, and we are actively exploring innovative ideas and potential partnerships that align with our vision, specifically focusing on seed and Series A investments,” said Galina Chifina, investment partner at RTP Global in Asia.


RTP IV marks a more than 50% increase compared to the company’s previous fund that closed in 2020. The firm has expanded its presence with offices in London, Paris, Amsterdam, New York City, Dubai, and Bangalore. Previous investments from RTP III included Yonder and Fintecture in Europe, DoControl and TealBook in the US, and DeHaat and GoKwik in Asia.


“In times when the fundamentals of the venture capital ecosystem are being rewritten globally, the launch of RTP IV comes as a strong validation of our firm’s unique characteristics in the crowded VC market,” said Nishit Garg, investment partner at RTP Global in Asia.


“For India-SEA, we plan to primarily invest in seed and Series A rounds, writing first checks between $1M-10M (million). We take pride in being flexible capital partners so we can flex up or down in initial rounds.”

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