Redpoint Closes A New $400 Million Fund


Redpoint Ventures, the VC firm that has backed a long list of digital media companies, including in recent months ad provider Impact Radius and video search engine Clicker, has closed a new $400 million fund. The cash will be used to invest in early stage “social and mobile internet, cloud computing and clean technology” firms, according to a press release. This is 11-year-old Redpoint’s fourth fund and comes as the VC firm has had some big exits lately; Redpoint says that in the past six months alone four of its portfolio companies have been acquired, one has IPOed, and two have filed to go public.

Comments have been disabled for this post