Wednesday, January 16, 2013

Redpoint Ventures Closes Fifth Fund, Worth $400M

Menlo Park-based Redpoint Ventures said today that it has closed a new, $400M early stage venture capital fund, Redpoint V. The venture investor said the funding will go towards early stage investing. Redpoint said it had more than 14 exits totaling more thatn $10 billion in aggregate market value, including IPOs at HomeAway, Qihoo, Intermolecular, and Responsys. The firm said Redpoint V will focus on mobile, cloud, and social platforms, next generation entertainment and deliver, big data, enterprise class cloud, and mobile infrastructure and applications.