Redpoint Ventures has raised $650 million for its 10th early-stage fund, holding steady in a climate where many venture firms are pulling back. The San Francisco-based firm, now over 25 years old, matched the size of its previous fund raised three years ago. That consistency hints at strong support from limited partners—especially during a time when many are tightening their capital commitments.
The early-stage team is led by four managing partners: Alex Bard, Satish Dharmaraj, Annie Kadavy, and Erica Brescia. Brescia joined Redpoint in 2021 after nearly three years as COO at GitHub. Since then, the group has made several notable bets. These include AI coding startup Poolside, founded by former Redpoint partner and GitHub CTO Jason Warner. They also backed Cockroach Labs, a distributed database company, and Levelpath, a fast-growing procurement platform.
Redpoint Ventures doesn’t just play early. It also runs a growth strategy managed by Logan Bartlett, Jacob Effron, Elliot Geidt, and Scott Raney. In 2023, that arm raised its fifth fund at $740 million—slightly up from $725 million three years before.
Recent exits show Redpoint’s portfolio strength. In March, Next Insurance was sold for $2.6 billion. Food and travel platform Tastemade went to Wonder for $90 million. Most notably, HashiCorp was acquired by IBM in a $6.4 billion deal.
Through these moves, Redpoint is proving that long-term conviction, consistent strategy, and founder-focused investing still work—even when others are scaling down.
