Redpoint Ventures, one of the leading Silicon Valley venture capital firms, recently raised a whopping $650 million. This money will help them get to their tenth early-stage fund. This is an impressive achievement for the young firm. It did so while smartly investing the state’s money for almost a quarter century before getting completely thrown off course. The creation of the new fund is further proof of Redpoint’s ongoing commitment to backing the most innovative of early-stage startups, especially in technology.
The announcement of the fund’s closure comes three years after Redpoint raised its last fund of $725 million. The regulatory filing detailing this latest fundraising effort was reported on May 15, 2025, at 2:42 PM PDT. This uptick in fund size is indicative of Redpoint’s ongoing maturation and audacity within the venture capital landscape.
Redpoint’s early-stage strategy is managed by a team of four seasoned partners: Alex Bard, Satish Dharmaraj, Annie Kadavy, and Erica Brescia. Brescia has been a partner with the firm since 2021, after having distinguished herself as Chief Operating Officer at GitHub. She’ll be a tremendous asset with her deep experience running tech-focused organizations. Collectively, this highly skilled, longtime team is well positioned to find and grow potential rocketstars that best fit their investment thesis.
While nothing can be guaranteed, recent successful exits from Redpoint’s portfolio further testify to the firm’s knack for identifying and developing breakout hits. In March, insurtech Next Insurance was acquired for a stunning $2.6 billion. At the same time, Wonder bought internet media company Tastemade for $90 million, and IBM acquired HashiCorp for an eye-popping $6.4 billion. These exits confirm Redpoint’s track record of being the best navigator of companies on voyages to successful outcomes.
Redpoint Ventures invests primarily in early-stage companies, but has taken a growth path as well. This strategy is spearheaded by our partners Logan Bartlett, Jacob Effron, Elliot Geidt, and Scott Raney. Last year, Redpoint closed a whopping $740 million for its fifth growth-stage fund. This incredible milestone only strengthened its already formidable position in the venture capital market.
The firm’s early-stage team, led by Karima Jadoon, has recently taken the lead on several high-profile investments. They supported AI coding startup Poolside, infrastructure software maker Cockroach Labs and procurement management platform Levelpath. These investments are indicative of Redpoint’s strong interest in transformative technologies that can significantly displace established industries.
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