According to regulatory filings, San Francisco-based company RedPoint Ventures, a company based in San Francisco, is about a quarter-century-old company, and has garnered its 10th early stage fund of $650 million.
Redpoint’s new fund matches the size of the previous fund, which was raised three years ago. In a market where many venture companies are reducing capital transport, this consistency indicates that the company’s limited partners are relatively satisfied with their performance.
The company’s early stage strategy is managed by four managing partners. AlexBard (pictured above), Satish Dharmaraj, Annie Kadavy and Erica Brescia joined the company in 2021 after nearly three years of being COOs at Github.
Recent recent prominent investments for early-stage teams include AI coding startup poolside. This is a former RedPoint partner and GitHub CTO Jason Warner, a decentralized SQL database developer, Gokrochal Lab, and a procurement management platform-level path.
The multi-stage company is also implementing a growth strategy led by partners Logan Bartlett, Jacob Efron, Elliot Gade and Scott Lanney. Last year, Redpoint raised its fifth stage growth fund to $740 million. This is a slight increase since the $725 million fund closed three years ago.
Redpoint’s most recent exits include the following insurance, which sold for $2.6 billion in March: Food and Travel Media startup Tastemade, which was mysteriously scooped up for $90 million. IBM acquired Hashicorp for $6.4 billion.
Redpoint did not respond to requests for comment.