Venture Intelligence (TSJ Media Pvt. Ltd.)
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RTP Global closes $1-B fund; will commit one third to India
New York-headquartered RTP Global, an early-stage venture capital firm, has closed its latest fund with a USD 1 Billion corpus. It will make a third of its investments in India. RTP IV marks a more than a 50% increase over the company's previous fund that closed in 2020. RTP IV is part of the company's strategy of investing globally with a focus on seed and Series A funding. The fund will be deployed in India, North America, Europe and Southeast Asia. It will invest in artificial intelligence /machine learning, enterprise software, fintech, e-commerce, and edtech. The fund earmarks USD 660 million for early-stage investment strategy and USD 340 million to support "breakout" portfolio companies. For India-SEA, the fund plans to invest primarily across seed and Series A rounds, writing first checks between USD 1 million and 10 million.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.