Redpoint Ventures announced the closing of its fifth fund, $400 million dedicated to supporting early stage entrepreneurs, startups, and the technology they create.
The investments will focus on new platforms in the mobile, cloud, and social sectors; next generation entertainment technologies and delivery systems; big data infrastructure and applications; and enterprise-class cloud and mobile infrastructure.
According to the statement issued this morning, the past two years have been good to Redpoint. Portfolio companies HomeAway, Qihoo, Intermolecular, and Responsys went public, and StorSimple, NextG Networks, Efficient Frontier, and Heroku were acquired. In total, there were 14 exits totaling more than $10 billion in aggregate market value. Last year, Redpoint teamed up with BV Capital eVentures to form the largest early-stage venture capital fund dedicated to Brazil.
Redpoint now manages over $3.3 billion across its end and has made investments in over 350 technology companies. Other notable investments include Zendesk, Sonos, Juniper Networks, Netflix, Path, and Stripe. Read the press release.