Redpoint Ventures

About

Redpoint Ventures is a venture capital firm founded in 1999 as a spin-out from Brentwood Venture Capital, with founding partners including Jeff Brody, Geoff Yang, Brad Jones, Tom Dyal, and John Walecka ¹². The firm is headquartered in Menlo Park, California, with offices in San Francisco, Los Angeles, Beijing, and Shanghai ¹².

Redpoint closed its inaugural fund, Redpoint I, at $600 million in October 1999, which at the time was the largest first-time fund raised by a new venture capital firm in technology ¹. As of 2025, the firm manages approximately $4.5 billion in assets under management ²³.

In May 2025, Redpoint closed its tenth early-stage fund at $650 million, maintaining the same size as its ninth fund raised in 2022 ⁴. The firm also raised a $740 million growth fund in 2024 ². The early-stage investment strategy is led by managing directors Alex Bard, Satish Dharmaraj, Erica Brescia (who joined Redpoint in 2021 after serving as GitHub’s COO), and Annie Kadavy (now Venture Partner) ²⁴. The growth strategy is led by Logan Bartlett, Jacob Effron, Elliot Geidt, and Scott Raney ².

The firm has backed over 615 companies, with 199 total exits as of 2025, including 48 unicorns, 26 IPOs, and 150 acquisitions ²³. Notable exits include the sale of HashiCorp to IBM for $6.4 billion and Next Insurance for $2.6 billion ³.

Stated Thesis

Redpoint publicly describes its investment focus as partnering with visionary entrepreneurs at the seed, early, and growth stages, investing in people who are “rewriting the narratives of how we LIVE, WORK, and PLAY” ³.

The firm has built a content-driven platform through initiatives such as The Logan Bartlett Show podcast, the InfraRed 100 list for cloud infrastructure companies, and the AI64 list highlighting emerging enterprise AI applications ³⁵⁶. These franchises reflect the firm’s stated focus on enterprise software, cloud infrastructure, and AI.

Redpoint has also published the “Redpoint Playbook,” offering AI and SaaS scaling frameworks, and introduced the Redpoint Cloud Infrastructure Index in partnership with Nasdaq in 2023 ³⁵.

Inferred Thesis

Based on the firm’s notable portfolio companies and exit data, Redpoint’s actual investment behavior spans a broader range than its content marketing suggests. Analysis is based on the firm’s most prominent investments and exits as reported across multiple sources ²³.

Sector distribution (notable portfolio sample): The firm’s highest-profile investments cluster around enterprise software/SaaS (Snowflake, HashiCorp, Zendesk, Looker), fintech/payments (Stripe, Nubank, Ramp), cloud infrastructure (Twilio, Netflix early streaming), and consumer internet (DraftKings, Nextdoor, Hims) ²³.

Stage distribution: Redpoint primarily invests at Series A, but maintains active seed and growth practices ³⁴. Check sizes range from approximately $500K-$2M at pre-seed to $15M+ at growth stages ³.

Geographic focus: Primarily U.S.-based companies, with a notable China operation through offices in Beijing and Shanghai ¹².

Exit performance: Exit valuations typically range between $500 million and $1 billion, with several exceeding that range significantly (HashiCorp at $6.4B, Next Insurance at $2.6B) ³. Exit activity exceeds peers by an estimated 7 percentage points ³.

Co-investor patterns: The firm’s InfraRed 100 and AI64 lists function as deal-sourcing mechanisms, publicly identifying companies in their areas of focus ⁵⁶.

Notable pattern: Redpoint’s growth fund ($740M) is larger than its early-stage fund ($650M), suggesting significant capital allocation to follow-on and later-stage deals alongside the core early-stage franchise ²⁴.

Portfolio

This table represents a small fraction of Redpoint’s 615+ portfolio companies ³. Years are approximate based on publicly available data.

In Their Own Words

“We’re really in it for the long haul… we often become really good friends and get to know each other really well.” — Redpoint partner, on the firm’s founder-centric approach ³

“We are with you in this journey. I want to be a partner that you can lean on like a co-founder. I would like to help you with your strategic decisions but not ever be in the tactical weeds of running your company.” — Satish Dharmaraj, Managing Director ⁷

What Founders Say

No independently sourced founder testimonials found. The firm’s content platform and InfraRed 100/AI64 lists indicate deep engagement with the enterprise software and AI ecosystems, but specific verified quotes from portfolio founders could not be independently confirmed at this time.

Sources