Redpoint Ventures, a San Francisco-based agency that’s a couple of quarter of a century previous, has raised a $650 million tenth early-stage, based on a regulatory filing.
Redpoint’s new fund matches the scale of its prior fund, which was raised slightly below three years in the past. In a market the place many enterprise companies are lowering their capital hauls, this consistency might point out the agency’s restricted companions are comparatively pleased with its efficiency.
The agency’s early-stage technique is managed by 4 managing companions: Alex Bard (pictured above), Satish Dharmaraj, Annie Kadavy, and Erica Brescia, who joined the agency in 2021 after serving as GitHub’s COO for almost three years.
Redpoint’s early-stage staff’s latest distinguished investments embrace AI coding startup Poolside, which was based by former Redpoint accomplice and GitHub CTO Jason Warner, a distributed SQL database developer Cockroach Labs, and procurement administration platform Levelpath.
The multi-stage agency additionally runs a development technique, led by companions Logan Barlett, Jacob Effron, Elliot Geidt, and Scott Raney. Final yr, Redpoint raised its fifth growth-stage fund at $740 million, a slight improve from its $725 million fund closed three years prior.
Redpoint’s latest exits embrace Subsequent Insurance coverage which was offered for $2.6 billion in March, meals and journey media startup Tastemade was scooped up by Marvel for $90 million, and HashiCorp’s $6.4 billion acquisition by IBM.
Redpoint didn’t reply to a request for remark.