RTP Global Launches $1 Billion Fund to Support Startups Worldwide
RTP Global, an early-stage venture capital firm, has announced the launch of a $1 billion fund to support startups across North America, Europe, India, and Southeast Asia. The firm’s latest portfolio is its largest fund to date, highlighting the resilience of the early-stage funding environment despite macroeconomic headwinds.
With a primary focus on seed and Series A rounds, RTP Global aims to provide founders with more opportunities and resources to become category leaders in sectors such as AI/ML, enterprise software, fintech, e-commerce, and edtech. The fund will be deployed to back ambitious entrepreneurs and help them expand into new markets, leveraging RTP Global’s global network and extensive knowledge of local markets.
RTP Global, which has offices in London, Paris, Amsterdam, New York City, Dubai, and Bangalore, has been investing significantly in global expansion. This strategic move enables closer collaboration with founders and enhances their understanding of different markets. Alex Pavlov, investment partner at RTP Global in Europe, emphasizes the firm’s mission to partner with ambitious founders early on and support them throughout their journey.
According to Pavlov, ‘With the new capital of RTP IV, we can provide founders with more opportunities and resources to help them achieve this goal.’ RTP Global’s commitment to investing in startups is a testament to its dedication to fostering innovation and driving the growth of entrepreneurial ventures worldwide.