Today we are pleased to share the news that Redpoint has closed Redpoint VI, a $400 million early stage fund. Like its predecessor funds, Redpoint VI will be invested in Seed, Series A and Series B rounds of the next generation of industry-defining consumer and enterprise startups.
Redpoint was founded 15 years ago based on the core values of teamwork, respect and fairness and those principles still guide everything we do today. Since 2014 our companies have had 4 IPOs and 6 M&A events with a market cap in excess of $8 billion. In total Redpoint manages $3.8 billion with 434 companies funded and 136 IPOs and M&As.
But numbers only tell part of the story. Redpoint has been lucky to partner with many exceptional founders and develop deep, long-term relationships with people who change the world. There’s no better example than Andy Rubin, the creator of Android, and an entrepreneur Redpoint backed twice before becoming an entrepreneur-in-residence and then joining the firm this year as a venture partner.
Entrepreneurs are re-imagining the world at an ever faster pace. With Redpoint VI, we are excited to continue supporting founders pushing the forefront of technology, creating new markets, and transforming industries as we have with Stripe, Sonos, Twilio, PureStorage, HomeAway, NextDoor, RelateIQ, Zendesk, 2U, Qihoo 360, Kabam, Beepi and Luxe, among many others. We look forward to what comes next in support of the next generation of exceptional entrepreneurs.