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

Redpoint Ventures has closed a $650 million early-stage fund, maintaining the size of its previous fund raised nearly three years ago in 2022.

In Photo: Alex Bard, Managing Director, Redpoint Ventures

Redpoint Ventures X, L.P., a Delaware-based limited partnership, filed a Form D with the SEC on May 14, 2025, indicating its intention to raise capital through an exempt offering under Rule 506(b) of Regulation D and Section 3(c)(7) of the Investment Company Act. This exemption allows the fund to solicit investments from accredited investors without registering the securities with the SEC. The fund is structured as a venture capital entity, focusing on pooled investments in private companies.

The regulatory filing lists Redpoint Ventures X, LLC as the general partner, with key individuals including Satish Dharmaraj, Patrick Chase, Alexander Bard, and Erica Brescia serving as managers. All are based at the firm's headquarters in Woodside, California.

The document reports that 56 investors have participated in the offering to date, with no sales commissions or finders' fees paid, and no proceeds allocated to executive compensation. The issuer has chosen not to disclose its revenue or net asset value.

This filing reflects Redpoint Ventures' ongoing efforts to raise capital for its tenth fund, continuing its strategy of investing in early-stage technology companies, and this consistency stands out as many venture firms are reducing fund sizes in response to a more cautious investment climate.

The firm's early-stage strategy is managed by partners Alex Bard, Satish Dharmaraj, Annie Kadavy, and Erica Brescia, who joined Redpoint in 2021 after serving as GitHub's COO.

Recent investments include AI coding startup Poolside, distributed SQL database developer Cockroach Labs, and procurement management platform Levelpath.

Redpoint's recent exits feature Next Insurance, sold for $2.6 billion in March, and HashiCorp, acquired by IBM for $6.4 billion.

According to TechCrunch, the firm also raised a $740 million growth-stage fund last year, slightly increasing from its previous $725 million fund.