The VC firm has raised $13.9m for a $20m venture fund that will target IT University of Pennsylvania-linked businesses.
US-based venture capital firm Red & Blue Ventures has secured $13.9m for a $20m fund aimed at IT-focused businesses from the University of Pennsylvania ecosystem, according to a regulatory filing yesterday.
Red & Blue is independently owned but will mainly back IT businesses in greater Philadelphia, New York City and Washington DC with a connection to University of Pennsylvania.
The vehicle will make seed and early stage investments, concentrating on startups in areas such as hardware, software and e-commerce. Seed…
