[Techtaffy Newsdesk]

Redpoint Ventures has closed Redpoint V, a $400 million early stage venture capital fund.

Redpoint V will be used to support early stage entrepreneurs and startups. The fund will focus investments in several evolving areas: new platforms being developed in mobile, cloud and social; next generation entertainment technologies and delivery systems; big data infrastructure and applications, and enterprise class cloud, and mobile infrastructure companies and applications.

Redpoint V follows Redpoint IV, also a $400 million fund, which was raised three years ago. Redpoint now manages over $3.3 billion across its multiple funds, and has now invested in over 350 technology companies.