Redpoint raises $650M three years after its last big early-stage fund

Redpoint Ventures, a San Francisco-based steadfast that is astir a 4th of a period old, has raised a $650 cardinal tenth early-stage, according to a regulatory filing.

Redpoint’s caller money matches the size of its anterior fund, which was raised conscionable under 3 years ago. In a marketplace wherever galore task firms are decreasing their superior hauls, this consistency could bespeak the firm’s constricted partners are comparatively blessed with its performance.

The firm’s early-stage strategy is managed by 4 managing partners: Alex Bard (pictured above), Satish Dharmaraj, Annie Kadavy, and Erica Brescia, who joined the steadfast successful 2021 aft serving arsenic GitHub’s COO for astir 3 years.

Redpoint’s early-stage team’s caller salient investments see AI coding startup Poolside, which was founded by erstwhile Redpoint spouse and GitHub CTO Jason Warner, a distributed SQL database developer Cockroach Labs, and procurement absorption platform Levelpath.

The multi-stage steadfast besides runs a maturation strategy, led by partners Logan Barlett, Jacob Effron, Elliot Geidt, and Scott Raney. Last year, Redpoint raised its 5th growth-stage money astatine $740 million, a flimsy summation from its $725 cardinal money closed 3 years prior.

Redpoint’s caller exits see Next Insurance which was sold for $2.6 cardinal successful March, nutrient and question media startup Tastemade was scooped up by Wonder for $90 million, and HashiCorp’s $6.4 billion acquisition by IBM.

Redpoint didn’t respond to a petition for comment.