RTP Global, a venture capital firm headed up by Russian entrepreneur and investor Leonid Boguslavsky, announced it launched a $650 million fund for early-stage companies, primarily in seed, Series A, and Series B rounds. And RTP is targeting FinTech, AI, and SaaS companies.
RTP’s last fund was $200 million in December 2017. Some of the investments made through that fund was in companies like Smarter Sorting, Cuvva, CoachHub, Cred, and Zenyum.
RTP’s last fund was $200 million in December 2017. Some of the investments made through that fund was in companies like Smarter Sorting, Cuvva, CoachHub, Cred, and Zenyum. Fund III will be managed through offices in New York, Moscow, London, Singapore, and Bangalore.
“Our investment focus is on early-stage technology companies,” said Boguslavsky via TechCrunch. “The core is Series A, but we also consider late-Seed companies and Series B. The ticket size varies according to geography, though our initial ticket is usually in the $2 million to $7 million range.”
Boguslavsky originally started his career in 1973 as a research scientist. And in 1985, he joined a team that built software connecting IBM mainframes to digital mini-computers into integrated computer networks. This team won major contracts to be implemented in Czechoslovakia in 1987. After that, he worked as a visiting professor at the Department of Computer Science at the University of Toronto in Canada. Then he moved back to Russia and founded an IT systems integration company called LVS (acquired by PwC in 1997). Upon quitting PwC, he became co-founder, CEO, and chairman of the board of directors of ru-Net Holdings an oversaw an early investment in Yandex — which went public on the Nasdaq 11 years later.
“In our portfolio, we have eight unicorns, and five of them became multi-billion public companies: Yandex, EPAM, Delivery Hero, RingCentral, and Datadog,” added Boguslavsky in the TechCrunch interview.