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Redpoint Ventures, a San Francisco-based firm that is about a quarter century old, has raised a $650 million 10th early-stage fund, according to a regulatory filing.
• $650 million
• 10th early-stage fund
• Seed through Series B
• $2 million to $15 million
• 15% to 23% at Series A
• Annie Kadavy, Erica Brescia, Alex Bard, Satish Dharmaraj
• Poolside (AI coding), Cockroach Labs, Levelpath
• Redpoint maintained its $650M fund size from 2021, defying broader fundraising challenges.
• While many peers are retreating, Redpoint is holding course — a signal of disciplined execution.
• Focus on AI and infrastructure matches where innovation and capital are currently concentrating.
• Even in a cautious VC environment, early-stage remains a key area of conviction for top-tier firms.
• Early-stage valuations are more stable than late-stage, but remain sensitive to macro shifts.
• Winning high-quality AI and infra deals requires strong brand and quick conviction.
• Redpoint’s move to target 15–23% ownership at Series A suggests a more concentrated, high-conviction approach.
• Heavy focus on AI means higher upside, but also higher sensitivity to tech hype cycles and adoption risks.
Redpoint’s ability to raise at scale while sticking to its early-stage thesis signals strong investor trust and strategic clarity in a shifting VC landscape.
