- Redpoint Ventures raised a $650M early-stage fund, matching its previous fund size from three years ago.
- The firm’s recent investments span AI, databases, and procurement tech, with notable exits like Next Insurance and HashiCorp.
- Redpoint’s steady fundraising contrasts with the broader trend of shrinking venture funds in 2025.
San Francisco-based Redpoint Ventures has raised a $650 million 10th early-stage fund, according to regulatory filings, maintaining the same fund size as its last raise nearly three years ago.
This consistency stands out as many venture firms have trimmed their fund sizes in response to a more cautious investment climate, suggesting Redpoint’s limited partners remain satisfied with the firm’s performance.
The early-stage strategy is led by managing partners Alex Bard, Satish Dharmaraj, Annie Kadavy, and Erica Brescia, who joined Redpoint in 2021 after serving as GitHub’s COO.
Recent notable investments include AI coding startup Poolside, distributed SQL developer Cockroach Labs, and procurement platform Levelpath.
Redpoint also operates a growth-stage fund, having raised $740 million for its fifth such fund last year.
Redpoint’s recent exits highlight its track record, with Next Insurance selling for $2.6 billion in March, Tastemade acquired for $90 million, and IBM’s $6.4 billion purchase of HashiCorp.
The firm’s ability to maintain fund size in a cooling market reflects both strong LP relationships and confidence in its investment approach.
Edited by Annette George
