RTP Global Launches RTP IV To Invest Globally

Updated on: 29 June 2023 11:53 pm

Currently, any entity that owns 40 per cent or more stake in a mutual fund is considered a sponsor and is required to fulfill the eligibility criteria

SEBI Notifies Rules Allowing PE Funds To Sponsor Mutual Fund Houses Photo: Currently, any entity that owns 40 per cent or more stake in a mutual fund is considered a sponsor and is required to fulfill the eligibility criteria

RTP Global, an early-stage venture capital firm, announces its latest fund, RTP IV with a total corpus of $1 billion in new capital.

With this latest fund, RTP eyes to strengthen its strategy of global investments. The company aims to back the founders through seed and Series A funding rounds.

The VC has claimed that RTP IV will be deployed across North America, Europe, India and Southeast Asia. It will invest in companies like AI/ML, enterprise software, fintech, e-commerce, and edtech.

Follow our WhatsApp channel

The fund will spend $660 million for RTP Global’s early-stage investment strategy and $340M to provide ongoing support to RTP IV's ‘breakout’ portfolio companies.

Galina Chifina, the investment partner at RTP Global in Asia, said, “We couldn’t have reached this milestone without the incredible success of our founders. Despite the challenging times the entire ecosystem faces, their unwavering dedication and commitment have inspired us to embark on RTP Global’s Fund IV with even greater determination. India and Southeast Asia (SEA) 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.

“Today, our investment and operations team in India and SEA is stronger than ever. This means we can execute our commitment to identifying and nurturing early-stage start-ups in the country, collaborate effectively with our founders, and lay a solid foundation for their growth. We believe our collaboration with founders on their journey is crucial in empowering startups to reach their true potential and we’re excited for what’s ahead with this new capital.”

Nishit Garg, the investment partner at RTP Global in Asia, added, "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.