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Redpoint Ventures, a San Francisco-based firm with a quarter-century history, has raised a $650 million 10th early-stage fund, as reported in a regulatory filing.
### Fund Consistency
Redpoint’s new fund matches the size of its previous fund, raised just under three years ago. This stability in the amount raised could indicate satisfaction among the firm’s limited partners with its performance, especially in a market where many venture capital firms are reducing their capital commitments.
### Investment Strategy
Managed by four managing partners, including Alex Bard, Satish Dharmaraj, Annie Kadavy, and Erica Brescia, the firm’s early-stage strategy has seen recent notable investments in companies like AI coding startup Poolside, distributed SQL database developer Cockroach Labs, and procurement management platform Levelpath.
### Growth Strategy
In addition to its early-stage investments, Redpoint also operates a growth strategy led by partners Logan Bartlett, Jacob Effron, Elliot Geidt, and Scott Raney. The firm raised its fifth growth-stage fund at $740 million last year, following a $725 million fund closure three years prior.
### Recent Exits
Noteworthy exits for Redpoint include Next Insurance, sold for $2.6 billion, food and travel media startup Tastemade acquired for $90 million by Wonder, and IBM’s $6.4 billion acquisition of HashiCorp.
Redpoint Ventures did not provide a comment in response to requests for additional information.
