Tuesday, 3 March 2020

RTP Global outs new $650M early-stage fund to back tech in US, Europe, India and South-East Asia

RTP Global outs new $650M early-stage fund to back tech in US, Europe, India and South-East AsiaRTP Global, the VC firm founded by Russian entrepreneur and investor Leonid Boguslavsky, is announcing a new $650 million fund to continue backing early-stage tech startups, primarily at Series A but also some late seed deals and Series B. Of note, the VC's last fund was launched in December 2017 and totalled $200 million, so this new vehicle, for which Boguslavsky is once again the main LP, is three times larger. Investments out of the previous fund include Smarter Sorting (U.S.), Cuvva (U.K.), CoachHub (Germany), Cred (India), and Zenyum (Singapore).




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