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Venture Capital
FINANCE | Investment Firms & Funds
redpoint.com

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Investments

731

Portfolio Exits

175

Funds

17

Partners & Customers

1

Service Providers

3

About Redpoint Ventures

Redpoint Ventures is a venture capital firm primarily investing in technology but also actively exploring new opportunities in the fields of alternative energy and clean technologies. Within the technology area, Redpoint invests in broadband infrastructure, enterprise systems, software, interactive media, content, advertising, consumer internet services, applications, mobile platform and applications, as well as semiconductor materials and devices. The firm also looks at opportunities in China through its Shanghai office, Redpoint Ventures China.

Redpoint Ventures Headquarter Location

3000 Sand Hill Road Building 2, Suite 290

Menlo Park, California, 94025,

United States

650-926-5600

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Expert Collections containing Redpoint Ventures

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Redpoint Ventures in 11 Expert Collections, including HR Tech.

H

HR Tech

65 items

M

Mortgage Tech

7 items

S

Store management tech (In-store retail tech)

55 items

Startups aiming work with retailers to improve brick-and-mortar retail operations.

U

Unicorns- Billion Dollar Startups

113 items

F

Fitness Tech

227 items

We define fitness tech as companies leveraging software and technology to augment approaches to developing or maintaining physical fitness. Companies in this category develop tools and services including workout apps, wearables, and connected fitness equipment.

T

Travel Technology (Travel Tech)

39 items

Tech-enabled companies offering services and products focused on tourism. This collection includes booking services, search platforms, on-demand travel and recommendation sites, among others.

Redpoint Ventures Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Redpoint Ventures Rank

Latest Redpoint Ventures News

Funding Winter, Looming Downturn Add To Indian Startup Woes

May 22, 2022

Indian startups are reeling from the current slowdown in the global markets, resulting in layoffs, cost-cutting. But the worst is yet to come “RIP Good Times” In 2008, Sequoia Capital released an advisory for its portfolio companies in light of the housing market bubble, which started as a mild slowdown and blew up into a global recession. Sequoia’s presentation 14 years for The Great Recession began with an ominous gravestone, and today, the VC might as well revisit some of the sections for what its portfolio can expect in 2022 and 2023. If 2008 was bad, it was due to a singular precipitating factor related to the housing market bonds, but now several factors are threatening business growth, and the momentum of 2021 for Indian startups might well come to nothing. Indian startups are reeling from the current slowdown in the global markets, resulting in layoffs, cost-cutting. But the worst is yet to come Are we in another recession or startups just caught in a slowdown due to policy pressures? Before we jump into answer that, here are the other top stories of the week: Zilingo In Limbo: Amid a deepening crisis, Zilingo CFO Ramesh Bafna has quit two months after joining , and sources say the company has not paid salaries after March 2022. Read our exclusive report Paytm’s Loss Burgeons: Paytm reported a 41% YoY increase in its net losses to INR 2,396.4 Cr for FY22, while revenue from operations grew 77% during the fiscal Startups & The Ugly ‘R’ Word  That talk of a global recession comes soon after the business slowdown in early days of Covid in 2020, just goes to show that the world has not fully recovered from the pandemic. If there was elation after a record-breaking 2021 for startup funding where $42 Bn was poured into the Indian startup ecosystem, perhaps the celebrations were premature. Globally, there are worrying signs: In China, the government’s strict lockdown has arrested the growth momentum and derailed much of the post-Covid recovery in the manufacturing sector. In India and the US, the central banks have increased interest rates that have caused a slowdown in startup and public investments. In Europe, there’s a war knocking on the doors of the Western powerhouses driving up prices of energy and essentials, while climate change rages on unabated in the form of heatwaves pretty much all around the world. Slowdown Mars Indian Startup Story In India, the biggest impact of the global slowdown is being seen in the form of layoffs and cost-cutting measures by startups as well as restructuring of businesses around growth areas resulting in further downsizing. Startups that have the runway are realising that now is the time to focus more on unit economics, sustainable scaling-up and business fundamentals — something that unicorn founders such as Zeta’s Bhavin Turakhia and CRED’s Kunal Shah are being vocal about . If that is not ominous enough, VCs and investors are warning about a tighter crunch in the months to come. Recommended For You: VCs Add Caution This brings us back to the Sequoia memo in 2008. In 2022, we are seeing refreshed takes on the same caution that Sequoia had espoused more than a decade ago. Silicon Valley giant and early stage investor Y Combinator has advised its portfolio to “plan for the worst” and claimed that a 13-year bull run has come to an end. YC urged startups to cut their expenses and focus on extending their runways. “If your plan is to raise money in the next 6-12 months, you might be raising at the peak of the downturn. Remember that your chances of success are extremely low even if your company is doing well. We recommend you change your plan,” YC said in the memo, titled “Economic Downturn.” Other investment majors such as Redpoint Ventures have also urged founders to strap in for rough times. “Six months ago, the recommendation was for every company to try to grow as fast as you can. Today, I think with more companies than not, we’re being conservative in terms of hiring and burn,” Redpoint Ventures managing director Tomasz Tunguz was quoted as saying. The Ripple Effects While currently, investors are sobering up to say the least after the 2021 party, market sentiment can change quickly. If at all the bearish weather lasts for the next 8-10 quarters as expected by Redpoint , then startups will be impacted severely — particularly those that do not fall in line with the expectations of sustainability. Quarter-on-quarter data points to a slowdown in Indian startup funding too . From the record quarterly funding of $17.1 Bn in Q3, the tally fell to $14.5 Bn in Q4 2021 and then $11.8 Bn in Q1 2022. The IPO parade has come to a standstill — just showing that even slightly mature startups are feeling the heat of the global economic crunch. While over 20 IPOs were expected this year, only Delhivery has gone through with it. And the results were less than encouraging , which is likely to prompt delays in other listings too. Even the highly-anticipated LIC listing turned out to be underwhelming. Rational Times Ahead The challenge for Indian startups amid this slowdown will be to streamline operations, cost structures and the monetisation models faster than the slowdown catches up to them. Of course, we are already seeing a correction in startup funding and valuations, where even companies like Ola are staring at a down round. The company has pushed its IPO plans, and has laid off 2,100 contracted workers from its quick commerce biz. And yet more layoffs will come at other startups. Besides layoffs, startups have had to revisit grand expansion plans and new verticals that were added in the past year, including Swiggy ( Genie & SuprDaily ), Ola’s failed food delivery biz, Meesho’s juggling of various ecommerce models . Many of these launches were only possible because of the extra cash sloshing around in the market last year, which has now been sucked out. The blitzscaling and throwing money to grab talent can only go on for so long. Everything from salaries to expenses at Indian startups will now go through a rationalisation given the slowdown. Even if startups and tech companies acknowledge that the party is over, the overindulgence in the past year and the subsequent hangover might be the real killer. Indian Startup IPOs & Tech Stocks Tracker  PepperFry Preps IPO: Ahead of a potential IPO, Pepperfry’s board has passed a resolution to convert the Mumbai-based online furniture startup into a public company  boAt Gets All-Clear: The consumer electronics company has received the SEBI’s approval for its INR 2,000 Cr IPO but it remains to be seen whether the startup goes for a listing amid the current slowdown  SEBI’s Eye On Valuations: The regulator is looking into why tech stocks have fallen below issue prices and whether valuations are being bloated before public listings Here’s how some Indian tech stocks have done since listing. Most of them have recovered slightly after being hammered by the global slowdown in stock market performance: Indian Startup Funding Slows Down In the past week, the Indian startups managed to raise $419 Mn across 26 deals — while the funding amount is 5.8% higher than the previous week, the deal count fell by more than 20%. Yet another indication of the global slowdown that has made fundraising harder for Indian startups. Ola’s Flip-Flop & Other Top Stories Ola’s ‘Pivot’: The mobility giant is looking to scale down its food delivery business after a third unsuccessful attempt and will focus instead on quick commerce Luna’s Impact: Following the crash of Luna, nearly 2.3 Lakh Indians saw their investments wiped out , as per data provided by exchanges to Inc42 Jio’s 5G Tests: After experimenting with immersive retail, Jio has also trialled a VR-enabled cloud gaming experience ahead of the 5G spectrum auction Comic NFTs: Comic Con India has said it will be venturing into Web 3 with the launch of ‘The Non Fungible League’ a series of digital collectibles VPN Crackdown: Rajeev Chandrasekhar, India’s minister of state for IT, urged VPN service providers to follow the law of the land or exit the market That’s all for this week. See you next Sunday with another weekly wrap-up

Redpoint Ventures Investments

731 Investments

Redpoint Ventures has made 731 investments. Their latest investment was in Bravado as part of their Series B on May 5, 2022.

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Redpoint Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/19/2022

Series B

Bravado

$26M

No

4

5/18/2022

Series A

Heartex

$25M

Yes

Bow Ventures, Swift Ventures, Undisclosed Angel Investors, and Unusual Ventures

3

5/12/2022

Series A

AcuityMD

$31M

Yes

5

4/26/2022

Series C

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$99M

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10

4/26/2022

Series A

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10

Date

5/19/2022

5/18/2022

5/12/2022

4/26/2022

4/26/2022

Round

Series B

Series A

Series A

Series C

Series A

Company

Bravado

Heartex

AcuityMD

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Amount

$26M

$25M

$31M

$99M

New?

No

Yes

Yes

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Co-Investors

Bow Ventures, Swift Ventures, Undisclosed Angel Investors, and Unusual Ventures

Sources

4

3

5

10

10

Redpoint Ventures Portfolio Exits

175 Portfolio Exits

Redpoint Ventures has 175 portfolio exits. Their latest portfolio exit was Getaround on May 11, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/11/2022

Acq - Pending

$99M

3

5/2/2022

Acquired

3

3/10/2022

Acq - Fin

1

12/21/2021

Acquired

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$99M

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10

12/9/2021

IPO

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$99M

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10

Date

5/11/2022

5/2/2022

3/10/2022

12/21/2021

12/9/2021

Exit

Acq - Pending

Acquired

Acq - Fin

Acquired

IPO

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

3

3

1

10

10

Redpoint Ventures Acquisitions

1 Acquisition

Redpoint Ventures acquired 1 company. Their latest acquisition was NextG Networks on September 07, 2009.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/7/2009

Series C

$99M

$49.8M

Acq - Fin

1

Date

9/7/2009

Investment Stage

Series C

Companies

Valuation

$99M

Total Funding

$49.8M

Note

Acq - Fin

Sources

1

Redpoint Ventures Fund History

17 Fund Histories

Redpoint Ventures has 17 funds, including Redpoint Early Stage Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/5/2020

Redpoint Early Stage Fund

$500M

1

1/30/2019

ACE Redpoint Opportunity China LP

Late-Stage Venture Capital

Closed

$100M

1

1/30/2019

ACE Redpoint Ventures China II LP

Early-Stage Venture Capital

Closed

$300M

1

6/19/2018

Redpoint Ventures VII

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$99M

10

10/12/2016

ACE Redpoint Ventures China I LP

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$99M

10

Closing Date

5/5/2020

1/30/2019

1/30/2019

6/19/2018

10/12/2016

Fund

Redpoint Early Stage Fund

ACE Redpoint Opportunity China LP

ACE Redpoint Ventures China II LP

Redpoint Ventures VII

ACE Redpoint Ventures China I LP

Fund Type

Late-Stage Venture Capital

Early-Stage Venture Capital

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Status

Closed

Closed

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Amount

$500M

$100M

$300M

$99M

$99M

Sources

1

1

1

10

10

Redpoint Ventures Partners & Customers

1 Partners and customers

Redpoint Ventures has 1 strategic partners and customers. Redpoint Ventures recently partnered with Merkle on .

Date

Type

Business Partner

Country

News Snippet

Sources

Partner

United States

Merkle Enhances Solutions for Marketers with RedPoint Convergent Marketing Platform.

`` Merkle and RedPoint have partnered to create very compelling marketing solutions in multiple industries .

1

Date

Type

Partner

Business Partner

Country

United States

News Snippet

Merkle Enhances Solutions for Marketers with RedPoint Convergent Marketing Platform.

`` Merkle and RedPoint have partnered to create very compelling marketing solutions in multiple industries .

Sources

1

Redpoint Ventures Service Providers

3 Service Providers

Redpoint Ventures has 3 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

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Service Provider

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Associated Rounds

Provider Type

Counsel

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Service Type

General Counsel

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Partnership data by VentureSource

Redpoint Ventures Team

20 Team Members

Redpoint Ventures has 20 team members, including current Founder, Travis Bryant.

Name

Work History

Title

Status

Travis Bryant

Founder

Current

Chase Holmes

Founder

Current

Bradford G. Jones

Brentwood

Founder

Current

Ashley Law

Optimizely, VigLink, LinkedIn, and CBS Interactive

Founder

Current

Megan Stinson

Plaid, AltX, UBS, BNP Paribas, and J.P. Morgan Chase & Co.

Founder

Current

Name

Travis Bryant

Chase Holmes

Bradford G. Jones

Ashley Law

Megan Stinson

Work History

Brentwood

Optimizely, VigLink, LinkedIn, and CBS Interactive

Plaid, AltX, UBS, BNP Paribas, and J.P. Morgan Chase & Co.

Title

Founder

Founder

Founder

Founder

Founder

Status

Current

Current

Current

Current

Current

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