Red & Blue Ventures

Red & Blue Ventures is a Philadelphia-based seed- and early-stage venture capital fund with a distinctive focus on the University of Pennsylvania community. The firm primarily invests in companies founded by, led by, or otherwise affiliated with Penn alumni, faculty, and students, leveraging the university's vast entrepreneurial network. This strategic alignment allows Red & Blue Ventures to tap into a rich pipeline of innovative startups across various sectors, providing crucial early-stage capital and strategic support.

The fund's investment strategy is centered on providing initial capital to promising ventures at their formative stages. Red & Blue Ventures typically writes initial checks ranging from $250,000 to $1 million, demonstrating their commitment to supporting companies through their critical early growth phases. Beyond the initial investment, the firm also reserves capital for follow-on rounds, indicating a long-term partnership approach to help their portfolio companies scale and achieve significant milestones.

Since its inception, Red & Blue Ventures has grown its financial capacity and impact within the Penn ecosystem. The firm launched its first fund, Fund I, with $10 million, and subsequently raised Fund II, which closed at $25 million, reflecting increasing investor confidence and a broader mandate. To date, Red & Blue Ventures has invested in over 50 companies, playing a vital role in nurturing the next generation of Penn-affiliated entrepreneurs and contributing to the vibrant startup landscape in Philadelphia and beyond.