Red & Blue Ventures
Venture capitalPhiladelphia · Seed–Series A · 6 people tracked
Also known as RED & BLUE MANAGEMENT COMPANY, LLC
Investment thesis
Red + Blue Ventures backs seed and early-stage startups tied to the Penn ecosystem, typically founded or led by Penn students, faculty, or alumni, or built on intellectual property originating at Penn. The fund primarily targets the information technology industry, defined broadly to include hardware, software, ecommerce, and technology-enabled services serving businesses or consumers. It will consider opportunities outside these areas when a company has a strong Penn connection and a syndicate of co-investors with deep domain expertise. Managed by Penn alumni, the firm is independent of and not affiliated with the University of Pennsylvania.
Source: firm website, verified Aug 25, 2026.
Team · 6 people
from the firm's website & public directories
What they invest in
from 24 of 30 portfolio companiesConsumer ×7Direct to Consumer ×6Healthtech ×6AI & Machine Learning ×5Digital Health ×5Hardware ×5E-commerce ×4Robotics ×4
HQs:United States×16
Who they back
founder profiles across 19 portfolio companiesFounding team size:solo founder×112 founders×63 founders×2
Where their founders studiedfrom 16 founders with education data
The Wharton School ×9Cornell University ×2Harvard Business School ×2University of Pennsylvania ×2
Where their founders worked beforefrom 16 founders with career history
Credit Suisse First Boston ×2Llama Capital Partners ×2McKinsey & Company ×2
Accelerator rootsportfolio companies that came through a program
Investments · 30 tracked
founders shown can be your intro pathBy year:2024 · 12021 · 12020 · 12015 · 14 dated
Exyn builds autonomous drones and modular autonomy, mapping, and localization software that capture real-time 3D colorized point clouds in complex or hazardous environments.
AI & Machine LearningHardwareRobotics
Co-investorsAnzu PartnersIn-Q-TelYamaha Motor VenturesAero X Ventures
Warby Parker is a direct-to-consumer eyewear retailer offering prescription eyeglasses, sunglasses, contacts, and eye exams at affordable prices, with a home try-on service and flexible return policy.
Direct to ConsumerRetail Tech
Dave Gilboa(Founder)in
Co-investorsFelicis VenturesForerunner VenturesGrace Beauty CapitalICONIQK2 GlobalLerer Hippeau+7 more
MD Ally partners with public safety agencies and payers to integrate virtual care and telehealth services into 911 and EMS systems, enabling dispatchers to route non-emergent patients to appropriate care resources in real-time.
Digital HealthHealthtechPhiladelphia, US
Shanel Fields(Executive Officer, Director)
BoardKojo Degraft-Hanson(Director)
Board seatBrett Topche· per SEC Form D
Co-investorsFrist Cressey VenturesHearstLabSeae VenturesTechstarsWalnut Venture AssociatesAndreessen Horowitz
AptDeco is an online marketplace where users buy and sell used furniture with integrated delivery services.
Circular EconomyConsumerE-commerceLogistics & Supply ChainMarketplacesNew York City, US
Reham Fagiri(Founder/CEO)inKalam Dennis(Founder)inkalam dennis(Founder)in
BoardBrett Topche(Director)in
Co-investors645 VenturesComcast VenturesFJ LabsGreat Oaks Venture CapitalHearstLabSandalphon Capital+2 more
Arya Health provides AI-powered digital agents that automate administrative and workforce management tasks for healthcare operators, including onboarding, scheduling, payroll, compliance, and performance management.
AI & Machine LearningHealthtechHR Tech
Co-investorsACME Capitalf7 VenturesFour Acres CapitalOceans VenturesTwelve Below
Burrow designs and sells modular furniture with an emphasis on quality, affordability, and fast delivery.
ConsumerE-commerceNew York City, US
Stephen Kuhl(Founder/CEO)inKabeer Chopra(Founder)inSteven Finnern(Executive Officer)
BoardTony Florence(Director)in
Co-investorsAmity VenturesFundersClubMultiplier CapitalNew Enterprise Associates (NEA)ReshapeRobin Hood Ventures+6 more
Chef Robotics builds AI-powered robots for automated meal assembly and food preparation, designed to handle the natural variability of food ingredients and high-mix production.
AI & Machine LearningFoodTechRobotics
Rajat Bhageria(Founder & CEO)in
Co-investorsAlumni VenturesBasecamp FundBold Capital PartnersConstruct CapitalCross Culture VenturesHCVC+12 more
Colugo is a direct-to-consumer baby gear brand offering products for parents such as compact strollers, baby carriers, clip-on high chairs, diaper bags, and related accessories.
ConsumerDirect to ConsumerE-commerce
Bazaarvoice provides a platform for user-generated content such as customer reviews and ratings, and operates a retailer network that lets brands syndicate reviews across shopping sites.
E-commerceMarketing TechRetail TechSaaSAustin, US
Nick Shiftan(Executive Officer, Director)Apu Gupta(Executive Officer, Director, Promoter)Patrick Chung(Director)
BoardHarry Weller(Director)Dayna Grayson(Director)
Co-investorsBattery VenturesCapital FactoryCorsa VenturesDundee Venture CapitalFloodgateMarlin Equity Partners+4 more
Curex is an online allergy clinic offering at-home sublingual immunotherapy (allergy drops) prescribed and supervised by clinicians, along with online doctor consultations and allergy testing.
Digital HealthDirect to ConsumerHealthtech
Co-investorsCity LightJazzya InvestmentsMyelin VC
goTenna builds mesh networking hardware and software for off-grid connectivity in mission-critical operations.
Defense TechHardwareIoTBrooklyn, US
Daniela Perdomo(Executive Officer, Director)
BoardLarry Marcus(Director)John Levy(Director)
Co-investorsCadron Capital PartnersComcast VenturesIronGate Capital AdvisorsLifeX VenturesMarque VenturesNew Leaf Invest+11 more
Philadelphia, US
Jane Fisher(Executive Officer, Director, Promoter)inJenna Kerner(Executive Officer, Director, Promoter)Jenna Barnes(Founder)in
Co-investorsBAM VenturesDorm RoomMaC Venture CapitalCRV (Charles River Ventures)Gingerbread CapitalVisible Ventures
Havenly provides virtual and in-person interior design services, connecting customers with professional designers who create personalized plans, select furnishings, and provide 3D renderings of spaces.
ConsumerMarketplacesPropTech
Lee Mayer(Founder & CEO)Emily Motayed
Co-investors500 GlobalEntrepreneur VenturesFlucas VenturesForefront VentureForward Venture CapitalFoundry+8 more
Co-investorsDunbar CapitalNOEMIS VenturesShine CapitalSwitch Ventures
NeuroFlow builds behavioral health integration platforms that identify population behavioral health risk, engage individuals with acuity-specific resources, and give care teams data to make decisions.
AI & Machine LearningDigital HealthHealthtechMental HealthPhiladelphia, US
Christopher Molaro(Co-founder & CEO)inAdam Pardes(Co-founder)inAlan Wayne Tamarelli(Director)
Co-investorsCorewell Health VenturesEcho Health VenturesHLM Venture PartnersMemorialCare Innovation FundBen Franklin Technology PartnersChestnut Street Ventures
GameMaker platform integrated with Adobe Express.
Co-investorsSound Media Ventures
Paloma Health offers thyroid care products including Daily Thyroid Care, an iodine-free thyroid-support multivitamin blending vitamins, minerals, and botanicals for people managing thyroid conditions such as hypothyroidism and Hashimoto's.
Digital HealthDirect to ConsumerFemTechHealthtechWellness & Fitness
Guillaume ("G") Skalli(Founder)in
Co-investorsAera VCCrosscut VenturesSWS Venture CapitalTheVentureCityHeal CapitalHuman Ventures+2 more
Primary makes and sells children's clothing in a variety of colors and designs.
ConsumerDirect to Consumer
Galyn Bernard(Founder)inChristina Carbonell(Founder)in
Co-investorsElizabeth Street VenturesFemale FoundersGrace Beauty CapitalHDS CapitalHomebrewMighty Capital+4 more
Prognos Health provides integrated and harmonized clinical and genomic laboratory data, combined with claims data, on hundreds of millions of de-identified patients in the US.
Data & InfrastructureDigital HealthHealthtech
Sundeep Bhan(Founder)in
Co-investorsHikma VenturesMaywic Select InvestmentsMontage CapitalPartners for GrowthPartners for Growth (PFG)Merck Global Health Innovation Fund
RMDY appears to be a direct-to-consumer brand selling consumable health or wellness products, based on the FDA dietary-supplement disclaimer shown on the page.
ConsumerDirect to ConsumerWellness & Fitness
Co-investorsDorm RoomThe MBA Fund
Shinkei deploys robotics and computer vision hardware on commercial fishing vessels to process seafood at sea, improving quality and traceability while reducing America's seafood import reliance.
Advanced ManufacturingAgTechAI & Machine LearningFoodTechHardwareRoboticsLos Angeles, US
Saif Khawaja(Founder)in
Co-investorsCantos VenturesDorm RoomGlobal BrainHumba VenturesImpatient VenturesMantis Capital+10 more
BDG operates a portfolio of media and publishing websites and applications that carry advertising, and it maintains guidelines governing the content and products advertisers may promote on its properties.
AdTechConsumerCreator EconomyMedia & Entertainment
Bryan Goldberg(Founder)in
Co-investors500 GlobalNew Enterprise Associates (NEA)Structural CapitalRRE Ventures
Strella makes sensors that monitor ethylene, the gas that drives ripening in fruits and vegetables, to track produce freshness across the supply chain.
AgTechBiotechFoodTechHardwareSeattle, US
Katherine Sizov(Executive Officer, Director)inJacob Jordan(Executive Officer, Director, Promoter)
BoardEric Linn(Director)Nolan Paul(Director)inBrett Topche(Director)in
Co-investorsCatapult VenturesDorm RoomMillennium New HorizonsMillennium Technology Value PartnersNextFab VenturesSiddhi Capital+3 more
The Rounds ran an AI-driven, reusable-packaging household restocking and delivery service; it was acquired by Misfits Market.
Co-investorsConstruct CapitalDorm RoomRedpoint VenturesAndreessen HorowitzFJ LabsModerne Ventures+1 more
Vertiq designs high-performance propulsion systems for commercial and defense unmanned aircraft systems (UAS), combining a lightweight integrated motor and ESC with an embedded position sensor and motor control software.
Defense TechHardwareRobotics
Co-investorsMonozukuri VenturesRobin Hood VenturesGabriel Investments
Cloud kitchen platform and in-person cafeterias delivering curated meals.
New York, US
Marc Lore(Executive Officer, Director, Promoter)inAntony Hoggett(Executive Officer)Jay Naik(Executive Officer)Andrew Gasper(Executive Officer)Gabrielle Rabinovitch(Executive Officer)
BoardDave Munichiello(Director)in
Co-investorsA-Rod CorpAAF Management Ltd.AccelBain Capital VenturesHarmony PartnersNew Enterprise Associates (NEA)+4 more
Enspire for Enterprise is a digital marketing agency that provides digital strategy, advertising, and analytics services for franchise, multi-location, and small- to medium-size businesses.
AdTechMarketing Tech
Co-investorsBessemer Venture PartnersIcon VenturesMillennium Technology Value PartnersStratim Capital
Exits · 2
IPOs and acquisitions across the tracked portfolioExyn TechnologiesNASDAQ: EXYNWarby ParkerNYSE: WRBY
Portfolio news
latest coverage across their companies
Paloma Health · job-boards.greenhouse.io · Aug 11, 2026
Warby Parker · finance.yahoo.com · Jul 18, 2026
HAVENLY · permitgrab.com · Jul 17, 2026
Wonder Group · nosh.com · Jul 16, 2026
Shinkei Systems · venture5.com · Jun 27, 2026
Vertiq · hospitality-on.com · Apr 3, 2026
Frequently asked questions
- How many investments has Red & Blue Ventures made?
- Red & Blue Ventures has 31 tracked investments, 3 of which have exited via acquisition or IPO.
- What stage does Red & Blue Ventures invest at?
- Red & Blue Ventures invests at the Seed, Series A stages.
- What is Red & Blue Ventures's typical check size?
- Red & Blue Ventures typically writes checks of $250K.
- What sectors does Red & Blue Ventures focus on?
- Red & Blue Ventures focuses on Consumer, Data & Infrastructure, E-commerce, Enterprise Software, Hardware, Media & Entertainment, SaaS.
- Where is Red & Blue Ventures located?
- Red & Blue Ventures is headquartered in Philadelphia, US.
- Does Red & Blue Ventures lead rounds?
- Yes, Red & Blue Ventures leads investment rounds.
- Who does Red & Blue Ventures co-invest with?
- Red & Blue Ventures most often shares deals with Dorm Room, New Enterprise Associates (NEA), Y Combinator, among 144 tracked co-investors.
Co-investors · 1
New Enterprise Associates (NEA) is a venture capital firm that invests in and provides long-term support to founders building new companies.
Firms observed investing alongside Red & Blue Ventures, from public investor directories. Shared companies are the overlap with Red & Blue Ventures's recorded portfolio.
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