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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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