Redpoint Ventures

{{Short description|American venture capital firm}}

{{Infobox company

| name = Redpoint Ventures

| logo = Redpoint Logo.svg

| logo_size =

| type = Private

| foundation = {{start date and age|1999}}

| founder =

| location = Menlo Park, California, United States

| industry = Venture capital

| products = Investments

| assets = $3.8 billion

| homepage = [http://www.redpoint.com redpoint.com]

| num_employees = 37

}}

Redpoint Ventures is an American venture capital firm focused on investments in seed, early and growth-stage companies.

History

The firm was founded in 1999 and is headquartered in Menlo Park, California, with offices in San Francisco, Los Angeles, Beijing and Shanghai. The firm manages $3.8 billion of capital.{{cn|date=December 2021}}

The firm's partners include Alex Bard, Allen Beasley, Erica Brescia, Jeff Brody,Satish Dharmaraj, Tom Dyal, Tim Haley, Brad Jones, Annie Kadavy, Chris Moore, Lars Pedersen, Scott Raney, John Walecka, Geoff Yang and David Yuan. The founders of Redpoint Ventures have been involved with successful investments including Foundry, Juniper Networks, Netflix and Right Media.{{cite web |url= https://techcrunch.com/2006/10/17/yahoo-leads-investment-in-ad-auction-company-right-media/ |title= Yahoo! Leads Investment in Ad Auction Company Right Media |author= Matt Hickey |date= October 17, 2006 |publisher= TechCrunch |access-date=May 1, 2012}} Its partners have been involved in 136 IPOs and acquisitions. IPOs include Snowflake, Twilio, Pure Storage, 2u, Just Eat, Zendesk, HomeAway, Qihoo, Responsys, Fortinet and Calix. Acquisitions include Acompli, Caspida, Efficient Frontier, Heroku, RelateIQ, BlueKai, Posterous, Trip.com, LifeSize, Refresh, Right Media and Zimbra.

In 1999, Redpoint raised a $600 million venture fund, at the time the largest first-time fund for a new firm.{{cite web |url= http://www.roeder-johnson.com/RJDocs/RPRecord.html |title= REDPOINT VENTURES CLOSES $600 MILLION FUND: New Firm Raises Largest First Fund Ever |work= November 8, 1999 |publisher= Roeder-Johnson Corporation |access-date=May 1, 2012}} In 2000 and 2006, Redpoint raised two additional funds, Redpoint II and Redpoint III totaling $1.15 billion.

In 2007, Redpoint raised a $250 million fund to focus on investing in early growth technology companies such as Answers.com, Internet Brands, NextG Networks, and Tantalus. In February 2010, Redpoint raised $400 million for its fourth fund Redpoint IV, to focus on early stage companies involved in Internet and social media, mobile computing, cloud computing and clean technology.[https://web.archive.org/web/20150923060140/http://www.reuters.com/article/idUSN0821345120100209.html Redpoint raises $400 mln Web services, green fund]

Redpoint raised a $400 million fifth fund, Redpoint V, in January 2013, to focus on early-stage investments in new platforms, next generation media, big data infrastructure and applications, and enterprise, cloud, and mobile.{{cite web |url=http://www.redpoint.com/redpoint-v |title=Announcing Redpoint V}}

In April 2015, Redpoint raised a $400 million sixth fund to focus on early stage investments in consumer and enterprise.{{cite web |url=http://www.redpoint.com/blog/announcing-redpoint-vi/ |title=Announcing Redpoint VI}}

In January 2019, Redpoint China Ventures raised two new funds totaling $400 Million to focus on consumer, enterprise and emerging frontier tech startups based in China.{{Cite web|url=https://www.businesswire.com/news/home/20190122005333/en/Redpoint-China-Ventures-Closes-400-Million-New|title=Redpoint China Ventures Closes $400 Million Across Two New Funds|date=2019-01-22|website=www.businesswire.com|language=en|access-date=2019-10-04}} In November 2021, The Wall Street Journal reported that Redpoint Ventures is a major investor in Chinese semiconductor firms, raising U.S. national security concerns.{{Cite news|last1=O’Keeffe|first1=Kate|last2=Somerville|first2=Heather|last3=Jie|first3=Yang|date=2021-11-12|title=U.S. Companies Aid China's Bid for Chip Dominance Despite Security Concerns|language=en-US|work=The Wall Street Journal|url=https://www.wsj.com/articles/u-s-firms-aid-chinas-bid-for-chip-dominance-despite-security-concerns-11636718400|access-date=2021-11-12|issn=0099-9660}}

Investments

  • 9flats{{cite news| url=https://techcrunch.com/2011/05/17/9flats-the-european-airbnb-secures-major-investment-from-silicon-valleys-redpoint-2/| work=TechCrunch | title=9flats, the European Airbnb, secures 'major investment' from Silicon Valley's Redpoint| year=2012}}
  • AppZen{{Cite news|url=https://techcrunch.com/2017/11/01/expense-report-analysis-startup-appzen-raises-13m-to-build-a-smarter-back-office/|title=Expense report analysis startup AppZen raises $13M to build a smarter back office|last=Lynley|first=Matthew|work=TechCrunch|access-date=2018-01-12|language=en}}
  • Arista
  • Hashicorp{{Cite web |last=Lardinois |first=Frederic |date=2016-09-07 |title=HashiCorp raises $24M for its DevOps infrastructure software |url=https://techcrunch.com/2016/09/07/hashicorp-raises-24m-series-b-round-for-its-devops-infrastructure-services/ |access-date=2023-10-19 |website=TechCrunch |language=en-US}}
  • Netflix
  • Snowflake
  • Stripe{{Cite web |last=Tsotsis |first=Alexia |date=2012-07-10 |title=Sexy Payments Startup Stripe Swipes $20M From General Catalyst, Sequoia, Thiel And More |url=https://techcrunch.com/2012/07/09/payments-startup-stripe-swipes-20m-from-general-catalyst-sequoia-thiel-and-more/ |access-date=2023-10-19 |website=TechCrunch |language=en-US}}
  • Ramp{{Cite web |title=Ramp's Down Round and Why Startups Should Let Employees Cash Out |url=https://www.theinformation.com/articles/ramps-down-round-and-why-startups-should-let-employees-cash-out |access-date=2023-10-19 |website=The Information|date=17 August 2023 }}
  • Twilio{{Cite press release |last=Twilio |title=Twilio Announces $70 Million in Series D Funding, Redpoint Ventures and Draper Fisher Jurvetson Join as Investors |url=https://www.prnewswire.com/news-releases/twilio-announces-70-million-in-series-d-funding-redpoint-ventures-and-draper-fisher-jurvetson-join-as-investors-211238191.html |access-date=2023-10-19 |website=www.prnewswire.com |language=en}}
  • NorthOne{{cite web|url=https://www.mobilepaymentstoday.com/news/northone-raises-21m-to-expand-banking-startup-for-small-biz/|title=NorthOne raises $21M to expand banking startup for small biz}}
  • Scribe{{Cite web |last=Miller |first=Ron |date=2024-02-15 |title=Scribe raises $25M Series B to automate internal knowledge capture |url=https://techcrunch.com/2024/02/15/scribe-raises-25m-series-b-to-automate-internal-knowledge-capture/ |access-date=2024-08-22 |website=TechCrunch |language=en-US}}

References

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