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Red Sea Ventures

Founders Scott Birnbaum

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 101
Average round size
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The average size of a deal this fund participated in
$12M
Portfolio companies 69
Rounds per year 7.77
Lead investments 3
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.31
Exits 9
Key employees 1
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • E-Commerce
  • Software
  • Internet
  • Health Care
  • Financial Services
Summary

In 2011 was created Red Sea Ventures, which is appeared as VC. The leading representative office of defined VC is situated in the New York. The fund was located in North America if to be more exact in United States.

The fund was created by Scott Birnbaum. The overall number of key employees were 1.

For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. We can highlight the next thriving fund investment areas, such as Financial Services, Health Care. The fund has exact preference in a number of founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little. Among the various public portfolio startups of the fund, we may underline Allbirds, Sweetgreen, Convoy Besides, a startup needs to be aged 2-3 years to get the investment from the fund.

This Red Sea Ventures works on 16 percentage points less the average amount of lead investments comparing to the other organizations. The important activity for fund was in 2014. Despite it in 2019 the fund had an activity. The fund is constantly included in 2-6 investment rounds annually. Considering the real fund results, this VC is 18 percentage points less often commits exit comparing to other organizations. The common things for fund are deals in the range of 5 - 10 millions dollars. The average startup value when the investment from Red Sea Ventures is 500 millions - 1 billion dollars. The top amount of exits for fund were in 2018.

The typical case for the fund is to invest in rounds with 6-7 participants. Despite the Red Sea Ventures, startups are often financed by Lerer Hippeau, BoxGroup, ff Venture Capital. The meaningful sponsors for the fund in investment in the same round are Maveron, BoxGroup, SV Angel. In the next rounds fund is usually obtained by Maveron, Forerunner Ventures, ff Venture Capital.

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Typical Co-investors
Red Sea Ventures is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Red Sea Ventures:

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Funds from United States
Funds with similar focus located in United States:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

ByHeart

Health Care
Nutrition
Wellness
$95M13 May 2024 New York, New York, United States

10Beauty

Beauty
Cosmetics
Manufacturing
Retail Technology
Robotics
$17M06 Feb 2024 Burlington, Massachusetts, United States

Range

Artificial Intelligence
Finance
Financial Services
FinTech
Management Consulting
Personal Finance
Wealth Management
$12M03 May 2023 Mclean, Virginia, United States

Optiversal

Apps
Artificial Intelligence
Software
$4M24 Apr 2023 St. Petersburg, Florida, United States

Sequencing.com

Genetics
Information Technology
Life Science
$5M09 Nov 2022 Los Angeles, California, United States

Climate Club

$9M28 Sep 2022 New York, New York, United States

Silvertree

Consumer
$5M01 Sep 2022 New York, New York, United States

Headliner

Music
$16M14 Jul 2022 Santa Monica, California, United States

Tango

Enterprise Software
Software
$14M15 Jun 2022 Los Angeles, California, United States
News
Tango dances in with $5.7M, making employee onboarding easier

– Tango, a Chrome extension that auto-captures workflow best practices so that teams can learn from their top performers, raised $5.7m in seed funding.
– The round was led by Wing Venture Capital and joined by General Catalyst, Global Silicon Valley, Outsiders Fund and Red Sea Ventures.
– A group of angel investors also joined, including former Yelp executive Michael Stoppelman, former Uber head of data Jai Ranganathan, KeepTruckin CEO Shoaib Makani and Awesome People Ventures’ Julia Lipton.
– Tango is designed to help employees, particularly in customer success and sales enablement, get back as much as 20% of their workweek spent searching for that one piece of information or tracking down the right colleague to assist with a task.
– The company now has 13 employees.

ByHeart Raises $90M in Series B Financing

– ByHeart is a NYC-based baby nutrition company.
– Company raised $90M in series B funding.
– The round was led by D1 Capital Partners with participation from OCV Partners, Polaris Partners, Bellco Capital, Two River and Red Sea Ventures – all of whom also invested in ByHeart’s Series A – as well as new investment from AF Ventures, and Gaingels.
– The new capital will be used to launch the company’s first formula, as well as to advance its innovation pipeline of mom and baby products.

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Total investments 101
Average round size 12M
Rounds per year 7.77
Peak activity year 2021
Lead investments 3
Follow on index 0.31
Exits 9
Group Appearance index 0.93

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

ByHeart

Health Care
Nutrition
Wellness
$95M13 May 2024 New York, New York, United States

10Beauty

Beauty
Cosmetics
Manufacturing
Retail Technology
Robotics
$17M06 Feb 2024 Burlington, Massachusetts, United States

Range

Artificial Intelligence
Finance
Financial Services
FinTech
Management Consulting
Personal Finance
Wealth Management
$12M03 May 2023 Mclean, Virginia, United States

Optiversal

Apps
Artificial Intelligence
Software
$4M24 Apr 2023 St. Petersburg, Florida, United States

Sequencing.com

Genetics
Information Technology
Life Science
$5M09 Nov 2022 Los Angeles, California, United States

Climate Club

$9M28 Sep 2022 New York, New York, United States

Silvertree

Consumer
$5M01 Sep 2022 New York, New York, United States

Headliner

Music
$16M14 Jul 2022 Santa Monica, California, United States

Tango

Enterprise Software
Software
$14M15 Jun 2022 Los Angeles, California, United States
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