Private equity and venturea capital firm Redpoint Ventures has closed a new $400 million fund, Redpoint Omega II, The Wall Street Journal reports. The California-based company has raised the fund to invest in early growth companies.
With the launch of the new fund, Redpoint will continue to invest in companies in the internet, mobile, enterprise cloud and media-related sectors. It previously raised a growth-oriented fund in 2007 and a $400 million early-stage venture fund last year.
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