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Redpoint Secures $650M for 10th Early-Stage Fund

  • Redpoint Ventures has successfully raised a $650 million early-stage fund, maintaining the size of its previous fund from three years ago.
  • The consistency in fund size suggests satisfaction among Redpoint's limited partners, despite a broader trend of reduced capital hauls in venture markets.
  • The early-stage team is led by four managing partners, including Erica Brescia, who joined in 2021 after being GitHub's COO.
  • Recent investments by Redpoint include AI startup Poolside, Cockroach Labs, and Levelpath.
  • Redpoint's notable exits include Next Insurance and HashiCorp, with sales reaching into the billions.

Source: Techcrunch

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