London-based RTP Global, an early-stage VC firm, on Wednesday announced its latest fund – RTP IV – totaling $1B (approximately €913M) in new capital.
RTP IV will be deployed across regions such as North America, Europe, India, and Southeast Asia.
The fund’s sector focuses are broad and encompass AI/ML, enterprise software, fintech, e-commerce, and edtech.
Of the $1B fund, $660M (approximately €602M) has been allocated to RTP Global’s early-stage investment strategy, while $340M (approximately €310M) will be dedicated to ongoing support for RTP IV “breakout” portfolio companies.
Gareth Jefferies, Partner at RTP Global says, “It is a fantastic time to grow a category-leading company in Europe. In recent years, the ecosystem has flourished and talent 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 aim to become category leaders – not only in the European market, but globally,” adds Jefferies.
This new fund has been primarily funded through reinvesting RTP Global’s previous investments returns.
RTP Global: Invested in 110 startups
Since 2000, RTP Global has invested in over 110 startups with one in 10 becoming multi-billion dollar businesses.
Notable early-stage investments by RTP Global include Datadog, a cloud application monitoring and security platform, DeliveryHero, an online food ordering service, and Cred, a rewards-based credit card payment app.
The $1B fund represents an increase of over 50 per cent compared to RTP Global’s previous fund, RTP III, which concluded in 2020.
Since then, the firm has expanded its presence and established offices in prominent locations such as London, Paris, Amsterdam, New York City, Dubai, and Bangalore.
RTP III’s portfolio includes investments in companies like Yonder and Fintecture in Europe, DoControl and TealBook in the United States, and DeHaat and GoKwik in Asia.
Alex Pavlov, investment partner at RTP Global in Europe says, “Since the launch of RTP III, we have 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 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,” he adds.
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