Redpoint Ventures is an American

venture capital firm Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which hav ...

focused on investments in seed, early and growth-stage companies.

History

The firm was founded in 1999 and is headquartered in

Menlo Park, California Menlo Park is a city at the eastern edge of San Mateo County within the San Francisco Bay Area of California in the United States. It is bordered by San Francisco Bay on the north and east; East Palo Alto, Palo Alto, and Stanford to the south; ...

, with offices in

San Francisco San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of Ca ...

Los Angeles Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world' ...

Beijing } Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...

and

Shanghai Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flow ...

. The firm manages $3.8 billion of capital. The firm's partners include Allen Beasley, Jeff Brody, Jamie Davidson,

Satish Dharmaraj Satish Dharmaraj is an American entrepreneur, speaker, angel investor and venture capitalist, who currently serves as a general partner with Redpoint Ventures. In 2021, he waplaced#6 on the Midas List, Forbes Midas List of top 100 Venture Capital i ...

, Tom Dyal, Tim Haley, Brad Jones, Chris Moore, Lars Pedersen, Scott Raney, Ryan Sarver, Tomasz Tunguz, John Walecka, Geoff Yang and David Yuan. The founders of Redpoint Ventures have been involved with successful investments including

Foundry A foundry is a factory that produces metal castings. Metals are cast into shapes by melting them into a liquid, pouring the metal into a mold, and removing the mold material after the metal has solidified as it cools. The most common metals pr ...

Juniper Networks Juniper Networks, Inc. is an American multinational corporation headquartered in Sunnyvale, California. The company develops and markets networking products, including routers, switches, network management software, network security products, ...

Netflix Netflix, Inc. is an American subscription video on-demand over-the-top streaming service and production company based in Los Gatos, California. Founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California, it offers a fil ...

and

Right Media Right Media, Inc. is an online advertising company that operates the Right Media Exchange (RMX), a marketplace that enables advertisers, publishers, and ad networks to trade digital media. Technology providers develop services for the Exchange v ...

. Its partners have been involved in 136 IPOs and acquisitions. IPOs include Snowflake, Twilio,

Pure Storage Pure Storage is an American publicly traded technology company headquartered in Mountain View, California, United States. It develops all-flash data storage hardware and software products. Pure Storage was founded in 2009 and developed its product ...

, 2u,

Just Eat Just Eat (formerly known legally as Just Eat plc) is an online food order and delivery brand of Netherlands-based Just Eat Takeaway.com, and a former food delivery company. Just Eat was founded as a separate company in 2001 in Kolding, Denmark ...

Zendesk Zendesk is an American company headquartered in San Francisco, California. It provides software-as-a-service products related to customer support, sales, and other customer communications. The company was founded in Copenhagen, Denmark, in 2007. Z ...

HomeAway HomeAway was a vacation rental marketplace. It operated through 50 websites in 23 languages through which it offered rentals of cabins, condos, castles, villas, barns, and farmhouses. Founded in February 2005 and headquartered in Austin, Texas, ...

Qihoo Qihoo 360 (; approximate pronunciation CHEE-hoo), full name 360 Security Technology Inc., is a Chinese internet security company that has developed the antivirus software programs 360 Safeguard and 360 Mobile Safe, the Web browser 360 Secure Brows ...

, Responsys,

Fortinet Fortinet is an American multinational corporation headquartered in Sunnyvale, California. The company develops and sells cybersecurity solutions, such as physical firewalls, antivirus software, intrusion prevention systems, and endpoint secur ...

and Calix. Acquisitions include Acompli, Caspida, Efficient Frontier, Heroku, RelateIQ, BlueKai, Posterous,

Trip.com Trip.com is an international online travel agency. The website is owned by Trip.com Group (formerly Ctrip.com International, Ltd. in China), one of the world's largest online travel agencies with over 400 million users worldwide, and also the par ...

, 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. 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 Answers.com, formerly known as WikiAnswers, is an Internet-based knowledge exchange. The Answers.com domain name was purchased by entrepreneurs Bill Gross and Henrik Jones at idealab in 1996. The domain name was acquired by NetShepard and sub ...

, Internet Brands,

NextG Network Telstra Group Limited is an Australian telecommunications company that builds and operates telecommunications networks and markets voice, mobile, internet access, pay television and other products and services. It is a member of the S&P/ASX 20 ...

s, 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 Clean technology, in short cleantech, is any process, product, or service that reduces negative environmental impacts through significant energy efficiency improvements, the sustainable use of resources, or environmental protection activities. Cle ...

. 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. In April 2015, Redpoint raised a $400 million sixth fund to focus on early stage investments in consumer and enterprise. 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. In November 2021, ''

The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...

'' reported that Redpoint Ventures is a major investor in Chinese semiconductor firms, raising U.S. national security concerns.

Investments

Redpoint's current portfolio includes 9flats, AppZen, Beepi, and NorthOne.

References

External links

* Venture capital firms of the United States Companies based in Menlo Park, California Financial services companies established in 1999 1999 establishments in California {{US-private-equity-company-stub