RTP Global Announces New $1 Bn Fund, Earmarks One-Third Amount For India, SEA Investments

SUMMARY

RTP Global said $660 Mn will be earmarked for its early-stage investment strategy, while $340 Mn will be reserved for investing in ‘breakout’ portfolio companies of the fund, RTP IV

RTP Global will reserve one-third of the corpus for investing in startups in India and Southeast Asia

The VC firm counts Indian startups like CRED, Rebel Foods, and MPL among its portfolio companies. It has invested in over 30 Indian startups so far

Early-stage venture capital (VC) firm RTP Global, which counts Indian startups like CRED, Rebel Foods, and MPL among its portfolio, has announced its latest fund RTP IV with a corpus of $1 Bn to invest in startups across the US, Europe and Asia.

“The fund, totaling $1 billion in new capital, is our firm’s largest to date and will be deployed across. Reflecting our commitment to early-stage entrepreneurs, Fund IV is $350 Mn more than our previous fund, RTP III. It is designed to support founders throughout the ups and the downs of their journey, ultimately helping their companies be in the best position for success,” the VC firm said in a statement.

The $1 Bn fund will be split into two parts – while $660 Mn will be earmarked for its early-stage investment strategy, $340 Mn will be used for further investments in RTP IV’s ‘breakout’ portfolio companies.

As per a report by ET, RTP Global will reserve one-third of the corpus for investing in startups in India and Southeast Asia. RTP Global has so far invested in over 30 Indian startups.

The firm closed its $650 Mn RTP III in March 2020 to invest in startups in India, Europe, North-America, and other Southeast Asian countries.

The development comes at a time when the Indian startup ecosystem is reeling under the effects of the ongoing funding winter. However, this has not stopped VC firms from announcing and closing new funds.

On Wednesday (June 28), Mumbai-based growth and late stage tech investment firm Epiq Capital announced the final close of Epiq Capital II at $225 Mn. On the same day, Omnivore also announced the first close of its third fund at $150 Mn.

As per Inc42 data, VC, angel and PE investors announced 32 funds worth more than $3 Bn in the first five months of 2023.

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