Redpoint Ventures, the San Francisco-based venture capital firm approaching its 25th anniversary, has secured $650 million for its tenth early-stage fund, according to recent regulatory filings. The fund matches the size of Redpoint’s previous early-stage fund raised nearly three years ago, signaling strong continued support from the firm’s limited partners despite a broader market trend of declining venture fundraising.
The firm’s early-stage strategy is overseen by managing partners Alex Bard, Satish Dharmaraj, Annie Kadavy, and Erica Brescia, who joined Redpoint in 2021 after nearly three years as COO at GitHub. Notable recent investments from Redpoint’s early-stage group include AI-driven coding startup Poolside, founded by former Redpoint partner and GitHub CTO Jason Warner; distributed SQL database firm Cockroach Labs; and procurement platform provider Levelpath.
Redpoint also maintains a growth-stage practice led by partners Logan Bartlett, Jacob Effron, Elliot Geidt, and Scott Raney. Last year, the firm raised $740 million for its fifth growth-stage fund, a slight increase from its previous $725 million fund closed three years earlier.
Recent successful exits from Redpoint’s portfolio include Next Insurance, acquired earlier this year by Munich Re for $2.6 billion; food and travel media company Tastemade, bought by startup Wonder for $90 million; and HashiCorp, whose $6.4 billion acquisition by IBM recently closed.
Redpoint Ventures declined to comment on the latest fundraising.
