Redpoint Ventures Closes $650M Early-Stage Fund, Matching Prior Success

Redpoint Ventures, a well-established San Francisco-based venture capital firm with a 25-year history, has successfully raised its tenth early-stage fund, securing $650 million. This milestone is documented in a recent regulatory filing.

Notably, the new fund mirrors the size of its predecessor, raised nearly three years prior. In a climate where many venture firms are scaling back their fundraising efforts, Redpoint’s consistent fund size signals strong confidence from its limited partners in the firm’s performance.

The firm’s early-stage investments are guided by managing partners Alex Bard, Satish Dharmaraj, Annie Kadavy, and Erica Brescia. Brescia joined Redpoint in 2021, bringing valuable experience from her role as COO of GitHub for almost three years.

Redpoint’s recent investments highlight their forward-thinking strategy, backing innovative companies such as AI coding startup Poolside (founded by ex-Redpoint partner and GitHub CTO Jason Warner), distributed SQL database developer Cockroach Labs, and procurement management platform Levelpath. These investments span high-growth sectors and reflect Redpoint’s commitment to identifying and supporting promising startups.

In addition to its early-stage focus, Redpoint also manages a growth-stage strategy, led by partners Logan Bartlett, Jacob Effron, Elliot Geidt, and Scott Raney. Their fifth growth-stage fund closed last year at $740 million, a modest increase from the $725 million fund raised three years earlier. This demonstrates Redpoint’s continued commitment to supporting companies throughout their lifecycle.

Redpoint has seen several successful exits recently, including Next Insurance, acquired for $2.6 billion in March, food and travel media startup Tastemade, acquired by Wonder for $90 million, and HashiCorp, acquired by IBM for $6.4 billion. These exits underscore Redpoint’s ability to identify and nurture companies that achieve significant market value.

Redpoint didn’t respond to requests for comment.