Redpoint Ventures, which invests in startups across the seed, early and growth phases, is seeking to raise $300 million for its second flagship China fund, according to a recent filing with the U.S. Securities and Exchange Commission.
The firm is also looking to raise a $100-million opportunity fund that will also focus on the Chinese technology startups.
Menlo Park, California-based Redpoint closed it debut China fund at $180 million in October 2016. Redpoint China, which was launched by David Yuan, Tony Wu and Reggie Zhang, had proposed to invest in about 25 companies with initial investments expected to average $1-4 million from the first fund.
Redpoint, which has about $4.8 billion of assets under management, is an investor in China’s Yixia Technology, a video blogging platform valued at more than $3 billion. It recently led a seed round in Ao Graph, a product that provides business security for Internet customers. In November last year, it led a Series B investment in FIT2CLOUD, a Chinese cloud management platform.
According to data available with Crunchbase, Redpoint Ventures China has invested in 12 companies in the country till date. Some of its other portfolio companies in China include Haoqipei, a B2B platform for auto repair shops, Yunshan Networks, data intelligence company Kyligence, and AI startup Pony.ai, among others.
Since 1999, Redpoint has invested in 501 companies globally, including 2U, HomeAway, Heroku, Netflix, PureStorage, Snowflake, Stripe, Twilio, and Zendesk, according to its website.