RTP Global launches $1 billion fund RTP IV

Early-stage venture capital firm RTP Global announces its latest fund, RTP IV, totaling $1 billion in fresh capital. The fund is the latest development in RTP Global's strategy to invest in tech founders worldwide, with a focus on seed and Series A investments.

The fund will be deployed in North America, Europe, India and South East Asia. The sectors the fund focuses on are diverse and include artificial intelligence/machine learning, enterprise software, fintech, e-commerce and edtech. Of the US$1 billion fund, US$660 million will be allocated to RTP Global's early-stage investment strategy, while US$340 million will be used to provide ongoing support to RTP IV's breakout portfolio companies.

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.

Alex Pavlov, investment partner RTP Global Europe

The capital for the new fund comes almost exclusively from the reinvestment of proceeds from RTP Global's previous investments. To date, RTP Global has invested in over 110 start-ups, one in ten of which have gone on to become billion-dollar companies. 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.

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

Gareth Jefferies, Partner at RTP Global

The US$1 billion fund represents an increase of over 50% on RTP Global's previous fund, RTP III, which closed in 2020. Since then, the firm has expanded its footprint and now has offices in London, Paris, Amsterdam, New York City, Dubai and Bangalore. Investments from RTP III include Yonder and Fintecture in Europe, DoControl and TealBook in the US, and DeHaat and GoKwik in Asia.

RTP Global is a venture capital firm that focuses on early-stage investments in technology companies. It supports young companies with strategic know-how and a broad global network. In the meantime, six of the VC's early-stage investments have developed into billion-dollar companies: Yandex, EPAM, Delivery Hero, RingCentral, Datadog and Ozon.