Venture capital firm Redpoint closes fourth fund on $400m

In the past six months, Redpoint has realised liquidity totalling nearly $2bn in aggregate market value. The firm has exited Fortinet via an IPO and seen portfolio companies LifeSize, WiChorus, Networks in Motion, and Kazeon get picked up by strategic buyers. Additionally, Calix and Solyndra have filed for IPOs.

Geoff Yang, founding partner of Redpoint, said, “This latest Redpoint fund will help entrepreneurs fulfill their dreams in a world of promising opportunity, and signals an exciting period for early stage investing over the next five years. We continue to find entrepreneurs who have brilliant ideas and an increasingly strong desire to change the world. We are committed to invest in those entrepreneurs, to stand behind their ideas and to help them achieve their goals.”

Having invested in household names such as online social networking platform MySpace, Redpoint recently returned to back Bluekai in its most recent, $21m funding round.  Bluekai aggregates shopping and research behaviours across the internet to sell on an exchange for advertisers.

Founded in 1999, Redpoint currently has over $2bn under management.

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