ru-Net, the Russian internet-focused early stage investment and venture capital firm, has rebranded to RTP Global to highlight its transformation into a globally-focused VC firm, according to an announcement.
The rebranding also reflects the success of the firm’s US-based arm RTP.vc, that invests in companies creating applied solutions in the financial services and healthcare industries.
Founded by Leonid Boguslavsky, ru-Net pioneered tech investment in Russia in the early 2000s. Among its notable investments were Delivery Hero and Yandex, which are now the largest tech companies in Europe.
The firm has offices in Moscow and New York and is exploring new footprint opportunities.
“Now, just as then, our firm operates on the principles of passion, entrepreneurial approach, and technological edge. Our identity has gradually evolved: we have inevitably become more international. We are excited about what our new name and brand represent,” Boguslavsky said.
RTP Global invests mainly in the consumer internet space and software companies. Its portfolio currently consists of over 50 companies, mainly distributed across the US, India, and the rest of Asia, Europe and Russia.
“As part of our investment selection process, we look for companies and ideas that demonstrate strong growth potential and whose principles resonate with our values,” the company said in a statement.
It will continue to focus on AI, foodtech, healthtech, mediatech (including sport), mobility, transportation, proptech, fintech, and e-commerce. The firm has so far made 10 exits including Delivery Hero, Groupon, and FreeCharge.
“We invest in ideas that resonate with our values and beliefs, and businesses that will make people’s lives better. We actively seek to be inspired by the people we work with and the businesses we support,” RTP Global added.