Calif. – Redpoint Ventures, a venture
capital firm focused on the technology sector, said on Tuesday that it has
closed a new $400 million fund, known as Redpoint IV.
The early-stage fund will
be used to invest in the social and mobile Internet, cloud computing and clean
Redpoint was an early investor in companies such as MySpace,
Netflix, TiVo and Juniper.
Founded in 1999, the firm currently has over $2
billion under management.