Summary:

Redpoint Ventures has raised a $400 million new fund to invest in early-stage startups, specifically in the areas of mobile and cloud technology, big data, entertainment technology and delivery, and mobile infrastructure companies.

Redpoint Ventures announced Wednesday that it’s raised $400 million for a new fund that will focus primarily on investing in early-stage companies, following its previous $400 million fund raised three years ago. The company now manages more than $3.3 billion across all its funds.

The firm explained specifically where it will focus its investments:

“Redpoint V will focus investments in several evolving areas: new platforms being developed in mobile, cloud and social; next generation entertainment technologies and delivery systems; big data infrastructure and applications, and enterprise class cloud, and mobile infrastructure companies and applications.”

Venture capital firms are investing heavily in mobile and cloud technology, and Redpoint’s focus fits with this trend. Since 1999, the company has invested in more than 350 tech companies so far including HomeAway, Heroku, Path, Stripe, ThredUP, Zendesk, Netflix, and Qihoo, with 44 of its investments reaching an IPO.

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