Redpoint Ventures, a long-established venture capital firm based in San Francisco, has secured $650 million for its 10th early-stage fund, according to a recent regulatory filing. The new fund, Redpoint Ventures Fund 10, matches the size of the firm’s previous early-stage fund raised nearly three years ago.
In a climate where many VCs are tightening fundraising efforts, Redpoint’s consistency signals that limited partners (LPs) remain confident in the firm’s long-term performance. The firm, founded in 1999, has built a reputation for backing high-growth startups across software, infrastructure, and consumer tech.
Backing the Next Generation of AI and Infrastructure Startups
Redpoint’s early-stage strategy is now led by four managing partners:
- Alex Bard
- Satish Dharmaraj
- Annie Kadavy
- Erica Brescia, who joined in 2021 after nearly three years as COO of GitHub
This team has recently led notable investments in companies shaping the future of tech, including:
- Poolside, an AI coding startup founded by former GitHub CTO and Redpoint partner Jason Warner
- Cockroach Labs, a distributed SQL database company
- Levelpath, a platform modernizing procurement management
Beyond early-stage investing, Redpoint also runs a dedicated growth strategy, managed by Logan Bartlett, Jacob Effron, Elliot Geidt, and Scott Raney. In 2023, the firm closed Redpoint Growth Fund V at $740 million, slightly up from its $725 million predecessor.
The firm has seen several recent high-profile exits, including:
- HashiCorp, acquired by IBM for $6.4 billion
- Next Insurance, sold for $2.6 billion in March
- Tastemade, acquired by Wonder for $90 million
With the close of Redpoint Ventures Fund 10, the firm appears poised to continue supporting early-stage founders building across AI, infrastructure, and enterprise software — even as market conditions push many firms to scale back.
