Redpoint Ventures has closed its new early stage venture capital fund at $400m.
Redpoint V will focus on investing in early stage startups developing new mobile, cloud and social platforms, next generation entertainment technologies and delivery systems; big data infrastructure and applications, and enterprise class cloud, and mobile infrastructure companies and applications.
The fund follows $400m Redpoint IV, which was raised three years ago.
Since 1999, Redpoint partners have supported over 350 companies, 44 IPOs and 73 upside acquisitions. Investments include HomeAway, Fortinet, Qihoo, Right Media, Heroku, Netflix, Tivo, Juniper, among others. Today, the firm manages over $3.3 billion across multiple funds investing in companies at the seed, early and growth stages.