Datadog-backer RTP Global raises $1B fund by reinvesting its own wins

June 28, 2023     50

While many venture managers are struggling to convince their LPs to back a fund that's meaningfully larger than its predecessor, early-stage-focused RTP Global didn't face the same issue because it had plenty of its own capital to reinvest. The firm announced Wednesday that it raised a $1 billion fourth fund, a nearly 54% increase from its $650 million vehicle raised in 2020. Visit their website located at the domain name.