Red Sea Ventures

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.