Sycamore Partners

About The Fund

Sycamore Partners, operating under the name Red & Blue Ventures, is a venture capital fund that predominantly invests within the University of Pennsylvania community. As a privately owned and operated seed and early-stage venture capital fund, they focus on investments in information technology, encompassing a broad range such as hardware, software, e-commerce, and technology-enabled services companies that sell to both businesses and consumers. Although information technology is their primary area of interest, the fund is also open to investing in other sectors if the company in question has a strong connection to Penn and is supported by co-investors with significant domain expertise. Red & Blue Ventures has an investment thesis centered around equity and specializes in supporting Seed, Startup, and Early Stage ventures with advice, expertise, and financial support. The fund, managed by Penn alumni, seeks to invest in companies connected to Penn, including those with key founders, faculty members, or alumni involved, and even those based on intellectual property originating from the university. Their assets under management total approximately $23 million. Despite their strong ties to the Penn ecosystem, Red & Blue Ventures is independent and not affiliated with the University of Pennsylvania. The fund's portfolio showcases a diverse array of companies across multiple sectors including web marketplaces, IT services, financial services, and advanced technologies such as robotics and automation.