RTP Global, the venture capital firm focused on early-stage technology investments, is launching a new $650 million (€581 million approx.) fund to support tech-founders across North America, Europe, India and South-East Asia.
This fund is more than three times the size of the $200M RTP Global Fund II which launched in December 2017. The previous fund successfully deployed half of its capital, investing in 34 companies across the globe with 13 in Europe, 11 in the USA and 10 in India and South East Asia. Investments include Smarter Sorting (USA), Cuvva (UK), CoachHub (Germany), Cred (India), and Zenyum (Singapore). The rest of the fund is allocated into follow-on investments.
Notable RTP Global investments include Datadog, the cloud monitoring service, which IPO’d in 2019 and Delivery Hero, one of the world’s largest online food delivery services, which IPO’d in 2017, RingCentral, a leading provider of global enterprise cloud communications and collaboration solutions, which IPO’d in 2013, and Yandex, the multinational technology corporation which IPO’d in 2011. To date, the total value of RTP Global assets under management is close to $2B.
RTP Global III will build on this success, deploying more capital internationally to founder driven businesses. Fund III will be managed by an investment team from offices in New York, Moscow, and Bangalore as well as the new expanded team in Europe and Singapore.
RTP Global partners will make investments across the globe. This means local market insight will be utilised to make sure regional idiosyncrasies are capitalised on during the investment process. The fundamental founder-driven approach will however be maintained across each geography. RTP will also partner with other local funds as co-investors in all geographies.
The RTP Global team all have an entrepreneurial mindset allowing them to assess and support founders and products. As with RTP Global previous funds, the venture will be looking to invest in companies with cutting-edge tech and founding teams that have exhibited consistent growth and momentum.
The fund will invest in early stage companies in verticals such as mobility, AI, SaaS, fintech, foodtech, healthtech, proptech, insurtech and sporttech.
Leonid Boguslavsky, founder and CEO of RTP Global, said:
“Following the success of our previous funds we are thrilled to deploy more capital than ever, using our unique global position to invest in nascent business models across the world. We are a founders driven firm and the strategy for RTP remains the same. After starting my career as a computer scientist I became a serial entrepreneur, so I understand the unexpected challenges, the ups and downs, and the need for hard work, especially in the early stage of a company’s life. Along with great tech and a driven founding team, we will look to invest in companies that share our values and beliefs.”
RTP Global is a Venture Capital firm focused on early-stage technology investments and has offices in New York, Moscow and Bangalore. It supports young companies from various industries with strategic know-how and a broad global network. RTP Global has invested in 90 companies founded in more than 10 countries across Europe, Asia and North America. Five early-stage investments became multi-billion public companies: Yandex, EPAM, Delivery Hero, RingCentral, and Datadog.
The firm was founded in 2000 under the name ru-Net by serial entrepreneur Leonid Boguslavsky, who has a PhD in Computer Science. He developed one of the first IT integration company in Russia, which he subsequently sold to PricewaterhouseCoopers (PwC).
Main image picture credits: RTP Global
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