Red Sea Ventures

Founded 2011
Founders Scott Birnbaum

Overview

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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.
Total investments 65
Average round size
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The average size of a deal this fund participated in
$9M
Portfolio companies 53
Rounds per year 6.50
Lead investments 2
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.26
Exits 9
Key employees 1
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • E-Commerce
  • Internet
  • Health Care
  • Software
  • Social Media
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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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Solo Technologies

$5M30 Aug 2021 Seattle, Washington, United States

Shares

Financial Services
$10M25 Aug 2021 Paris, Ile-de-France, France

ByHeart

Health Care
Nutrition
Wellness
$90M26 Jul 2021 New York, New York, United States

Novo

Banking
Financial Services
FinTech
$40M16 Jun 2021 New York, New York, United States

Genies

Internet
Media and Entertainment
Mobile
Mobile Apps
$65M03 May 2021 Los Angeles, California, United States

Geneva

Internet
$12M24 Dec 2020 New York, United States

Coa

Fitness
Health Care
Wellness
$3M14 Oct 2020 San Francisco, California, United States

Air

Apps
Cloud Storage
Collaboration
Content
Digital Media
Human Resources
Marketing
Productivity Tools
Software
$12M16 Sep 2020 New York, United States

Monument

Health Care
Wellness
$7M11 May 2020 New York, New York, 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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