According to one, a firm based in San Francisco, a quarter -century -old firm, has raised the 10th initial phase of $ 650 million. Regulatory filing.
RedPoint’s new fund is similar to the size of its former fund, which was only picked up under Three years ago. In a market where there are a lot of venture firms Reducing their capitalThis consistency can indicate that the firm’s limited partners are relatively happy with its performance.
The firm’s initial stage strategy has been managed by four managing partners: Alex Bard (the above image), Satish Dharmarj, Annie Kidvi, and Erica Brescia, who served as the COO of Gut Hub for nearly three years in 2021.
The recent prominent investment of the early stage team includes AI coding startup polyside, based on former Red Point partner and Gut Hub CTO Jason Warner, a distributed SQL database developer. Cockroach LabsAnd the purchase management platform Leopout.
The multiple firm also operates a development strategy, headed by Partners Logan Bartlet, Jacob Ephone, Eliot Gadit, and Scott Renee. Last year, the RedPoint raised its fifth Growth Stage Fund to $ 740 million, which closed a slight increase with $ 725 million funds three years ago.
RedPoint’s recent expenditure included Next insuranceWhich sold for $ 2.6 billion in March. Food and Travel Media Startup Flavorful, who was scoop Surprised Million in 90 million; And ibm, who Obtained Hashkorp in Hash 6.4 billion.
The Red Point did not respond to a comment.