Redpoint Ventures secures $650 million early-stage fund—its 10th—according to a recent regulatory filing. Redpoint has matched the size of its previous early-stage fund, raising the same amount nearly three years later. As many venture firms scale back their fundraising efforts, Redpoint’s consistency suggests that its limited partners continue to show strong support and satisfaction.
Four managing partners—Alex Bard, Satish Dharmaraj, Annie Kadavy, and Erica Brescia, the former COO of GitHub who joined Redpoint in 2021—oversee the firm’s early-stage investments.
The team recently made notable investments in Poolside, an AI coding startup co-founded by former Redpoint partner and ex-GitHub CTO Jason Warner; Cockroach Labs, which develops a distributed SQL database; and Levelpath, a platform that focuses on procurement management.
In addition to its early-stage strategy, Redpoint also operates a growth investment arm. That effort is led by Logan Bartlett, Jacob Effron, Elliot Geidt, and Scott Raney. Last year, the firm raised its fifth growth-stage fund at $740 million, slightly above the $725 million fund closed three years earlier.
Next Insurance exited Redpoint’s portfolio in March when it was acquired for $2.6 billion. Wonder bought Tastemade, a food and travel media company, for $90 million. IBM acquired HashiCorp for $6.4 billion, marking another major exit for Redpoint.
Redpoint Ventures has demonstrated its credibility and strong performance by raising another $650 million early-stage fund—matching its previous fund despite a more challenging fundraising environment. Moreover, the firm continues to build investor confidence through its strong leadership, a portfolio of high-potential companies, and several successful recent exits. As a result, Redpoint further solidifies its position as a leading player in both early- and growth-stage venture investing.
