Red & Blue Ventures

Red & Blue Ventures, established in 2016 and headquartered in Philadelphia, is a privately-owned venture capital firm. It focuses on investing in early-stage technology companies that have key personnel ties to the University of Pennsylvania, including students, alumni, and faculty. The firm's investment strategy centers around media and entertainment companies that build strong, identity-based brands through compelling original content.

Michael Aronson

Managing Director

32 past transactions

Chef Robotics

Series A in 2025
Chef Robotics is a robotics and artificial intelligence company serving the food industry, founded in 2019 and headquartered in San Francisco. It develops AI-enabled robotic automation for food manufacturing, integrating modular hardware and adaptive software with computer vision to handle variability in food products, automate assembly processes, and optimize labor productivity. Its solutions aim to reduce waste, improve consistency, and address workforce shortages through intelligent automation.

Arya Health

Seed Round in 2024
Arya Health is a healthcare workforce automation technology that aims to improve how healthcare firms manage their workers. It uses AI and automation to create bespoke solutions that streamline scheduling, payroll, onboarding, and compliance operations.

MD Ally

Series A in 2024
MD Ally, Inc. is a Philadelphia-based company that specializes in developing a telehealth emergency care platform aimed at addressing non-emergency medical needs within emergency medical services. Founded in 2020, the company enhances communication between public safety practitioners and healthcare providers, allowing for efficient triage of callers with non-life-threatening concerns. By integrating telemedicine into the emergency dispatch process, MD Ally facilitates access to virtual medical and behavioral healthcare professionals, in-network follow-up care, and alternative transportation options. This innovative approach enables patients to receive on-demand telehealth services, reducing reliance on costly emergency services and improving overall healthcare accessibility.

Arya

Venture Round in 2024
Arya provides workforce ops teams with all the building blocks they need to automate how they onboard, staff, pay, motivate and move the people who move the world.

Wonder

Venture Round in 2024
Wonder is a technology company that specializes in gaming and food delivery services. It offers an all-in-one gaming platform for Android mobile devices, enabling users to play, stream, and share games across various devices. Additionally, Wonder operates a food delivery service using trucks that function as mobile restaurants. Customers order food through a mobile app, and the Wonder trucks drive to a location near the user's home to prepare and deliver fresh meals on-site.

Shinkei Systems

Venture Round in 2024
Shinkei Systems is a robotic company focused on enhancing the fishing industry by developing technology that minimizes fish waste and extends shelf-life. Their innovative system provides capabilities such as key point inference, depth perception, surgical accuracy, and tracking of species and production. By implementing this technology, Shinkei aims to help fishing businesses reduce labor costs and streamline processing operations, ultimately improving efficiency and safeguarding the revenues of farmers and fishers.

Chef Robotics

Funding Round in 2023
Chef Robotics is a robotics and artificial intelligence company serving the food industry, founded in 2019 and headquartered in San Francisco. It develops AI-enabled robotic automation for food manufacturing, integrating modular hardware and adaptive software with computer vision to handle variability in food products, automate assembly processes, and optimize labor productivity. Its solutions aim to reduce waste, improve consistency, and address workforce shortages through intelligent automation.

Overplay

Seed Round in 2023
Overplay is a venture-backed startup that provides a platform enabling users to create, share, and play casual mobile games quickly and without any coding experience. The company's innovative game engine utilizes artificial intelligence to transform passive video content into interactive experiences, allowing users to engage with videos in a more dynamic way. Overplay's technology supports the development of various game types, including racing, jumping, and drone piloting, offering brands the ability to create playable game advertisements based on their video content. This approach significantly reduces the cost and time needed to produce interactive media, making content more entertaining and engaging for users.

Prognos Health

Venture Round in 2023
Prognos Health is a health tech company focused on healthcare analytics, offering a platform called prognosFACTOR. This innovative platform can quickly query billions of lab and health records from over 325 million de-identified patients, providing answers to clinically relevant healthcare questions in a fraction of the time traditionally required. Prognos Health allows clients to access HIPAA-compliant, patient-centric healthcare data through the Prognos Marketplace, facilitating a range of applications such as cohort design, patient journey studies, and health outcomes analysis. The company's clientele includes 25 of the top 30 pharmaceutical manufacturers and three of the top five health payers, highlighting its significant role in empowering precise decision-making throughout the healthcare landscape.

MD Ally

Seed Round in 2023
MD Ally, Inc. is a Philadelphia-based company that specializes in developing a telehealth emergency care platform aimed at addressing non-emergency medical needs within emergency medical services. Founded in 2020, the company enhances communication between public safety practitioners and healthcare providers, allowing for efficient triage of callers with non-life-threatening concerns. By integrating telemedicine into the emergency dispatch process, MD Ally facilitates access to virtual medical and behavioral healthcare professionals, in-network follow-up care, and alternative transportation options. This innovative approach enables patients to receive on-demand telehealth services, reducing reliance on costly emergency services and improving overall healthcare accessibility.

Chef Robotics

Seed Round in 2023
Chef Robotics is a robotics and artificial intelligence company serving the food industry, founded in 2019 and headquartered in San Francisco. It develops AI-enabled robotic automation for food manufacturing, integrating modular hardware and adaptive software with computer vision to handle variability in food products, automate assembly processes, and optimize labor productivity. Its solutions aim to reduce waste, improve consistency, and address workforce shortages through intelligent automation.

Arya

Seed Round in 2022
Arya provides workforce ops teams with all the building blocks they need to automate how they onboard, staff, pay, motivate and move the people who move the world.

MD Ally

Seed Round in 2022
MD Ally, Inc. is a Philadelphia-based company that specializes in developing a telehealth emergency care platform aimed at addressing non-emergency medical needs within emergency medical services. Founded in 2020, the company enhances communication between public safety practitioners and healthcare providers, allowing for efficient triage of callers with non-life-threatening concerns. By integrating telemedicine into the emergency dispatch process, MD Ally facilitates access to virtual medical and behavioral healthcare professionals, in-network follow-up care, and alternative transportation options. This innovative approach enables patients to receive on-demand telehealth services, reducing reliance on costly emergency services and improving overall healthcare accessibility.

Zuro

Seed Round in 2022
Zuro is currently used by enterprises, banks and government agencies worldwide.They have delivered outstanding results for their clients, contact us for case studies and references.

Zuro

Seed Round in 2021
Zuro is currently used by enterprises, banks and government agencies worldwide.They have delivered outstanding results for their clients, contact us for case studies and references.

Rize

Series A in 2021
Rize develops customer-centric financial applications aimed at fintechs, established financial institutions, and non-financial brands. Its innovative technology features patent-pending Synthetic Account capabilities, which integrate checking, saving, and brokerage services into a single, flexible platform. This allows clients to create tailored products and user experiences that address the specific needs of their customers. By offering a unified application programming interface (API), Rize enables businesses to efficiently build across various account types, simplifying the development process and enhancing financial service delivery.

Overplay

Pre Seed Round in 2021
Overplay is a venture-backed startup that provides a platform enabling users to create, share, and play casual mobile games quickly and without any coding experience. The company's innovative game engine utilizes artificial intelligence to transform passive video content into interactive experiences, allowing users to engage with videos in a more dynamic way. Overplay's technology supports the development of various game types, including racing, jumping, and drone piloting, offering brands the ability to create playable game advertisements based on their video content. This approach significantly reduces the cost and time needed to produce interactive media, making content more entertaining and engaging for users.

Chef Robotics

Seed Round in 2021
Chef Robotics is a robotics and artificial intelligence company serving the food industry, founded in 2019 and headquartered in San Francisco. It develops AI-enabled robotic automation for food manufacturing, integrating modular hardware and adaptive software with computer vision to handle variability in food products, automate assembly processes, and optimize labor productivity. Its solutions aim to reduce waste, improve consistency, and address workforce shortages through intelligent automation.

MD Ally

Seed Round in 2021
MD Ally, Inc. is a Philadelphia-based company that specializes in developing a telehealth emergency care platform aimed at addressing non-emergency medical needs within emergency medical services. Founded in 2020, the company enhances communication between public safety practitioners and healthcare providers, allowing for efficient triage of callers with non-life-threatening concerns. By integrating telemedicine into the emergency dispatch process, MD Ally facilitates access to virtual medical and behavioral healthcare professionals, in-network follow-up care, and alternative transportation options. This innovative approach enables patients to receive on-demand telehealth services, reducing reliance on costly emergency services and improving overall healthcare accessibility.

Colugo

Series A in 2021
Colugo is a company that specializes in creating innovative products tailored for modern parents. Focusing on high-quality, affordable solutions, Colugo addresses key challenges faced by families, particularly in the realm of mobility. The company's flagship offering is a compact and lightweight stroller designed for ease of use; it effortlessly folds for convenient storage and navigates various terrains, from steep hills to crowded sidewalks. By prioritizing the needs of new parents, Colugo aims to enhance the overall experience of parenthood, enabling families to embark on their journeys with confidence and ease.

Burrow

Series C in 2021
Burrow, Inc. is a New York-based company that designs, manufactures, and supplies luxury furniture for residential use. Founded in 2016, Burrow specializes in creating easy-to-move and customizable seating options such as sofas, sectionals, loveseats, and armchairs, as well as tables, rugs, and various accessories. The furniture is crafted from sustainably-sourced hardwood and features non-toxic, scratch- and stain-resistant fabrics. Burrow aims to provide customers with comfortable and stylish furnishing alternatives while avoiding traditional retail markups. The company operates showrooms in several states, including Washington, Massachusetts, Texas, and California, and also sells its products online. Additionally, Burrow has a manufacturing facility located in Mexico City, Mexico.

Strella Biotechnology

Seed Round in 2020
Strella Biotechnology, founded in 2018 and headquartered in Philadelphia, Pennsylvania, focuses on enhancing the freshness of produce throughout the supply chain. The company specializes in designing and manufacturing sensors that detect ethylene gas, a key indicator of ripeness in fruits. By measuring ethylene production, Strella's technology helps optimize freshness and minimize spoilage. The company leverages its proprietary sensing technology to provide valuable data for improving supply chain management in the food industry.

MD Ally

Pre Seed Round in 2020
MD Ally, Inc. is a Philadelphia-based company that specializes in developing a telehealth emergency care platform aimed at addressing non-emergency medical needs within emergency medical services. Founded in 2020, the company enhances communication between public safety practitioners and healthcare providers, allowing for efficient triage of callers with non-life-threatening concerns. By integrating telemedicine into the emergency dispatch process, MD Ally facilitates access to virtual medical and behavioral healthcare professionals, in-network follow-up care, and alternative transportation options. This innovative approach enables patients to receive on-demand telehealth services, reducing reliance on costly emergency services and improving overall healthcare accessibility.

Chef Robotics

Seed Round in 2020
Chef Robotics is a robotics and artificial intelligence company serving the food industry, founded in 2019 and headquartered in San Francisco. It develops AI-enabled robotic automation for food manufacturing, integrating modular hardware and adaptive software with computer vision to handle variability in food products, automate assembly processes, and optimize labor productivity. Its solutions aim to reduce waste, improve consistency, and address workforce shortages through intelligent automation.

NeuroFlow

Series A in 2019
NeuroFlow, Inc. is a digital health company that develops a cloud-based platform designed to enhance access to behavioral health and engage patients throughout the continuum of mental healthcare. Founded in 2016 and headquartered in Philadelphia, Pennsylvania, NeuroFlow provides healthcare providers with tools for remote patient monitoring and integration of behavioral health across various care settings, including psychology, primary care, and pain management. The platform employs evidence-based practices to track, assess, and engage patients, promoting overall wellness and improving compliance with treatment. By utilizing patient-generated questionnaires and journaling, NeuroFlow enables individuals to monitor their mental health outcomes and achieve tangible progress. The company has established strategic partnerships with organizations like Smart Health Innovation Lab and Mental Health America to further its mission of improving mental health support and outcomes.

Exyn

Series A in 2019
Exyn Technologies, Inc. is a Philadelphia-based company that specializes in the development of autonomous aerial robots designed for complex commercial environments. Founded in 2014 as a spin-off from the GRASP Laboratory at the University of Pennsylvania, Exyn leverages over a decade of research to create drone platforms capable of pilot-less operation without reliance on GPS. Its flagship software, exynAI, manages the control and communication of these multi-sensory rotorcraft, enabling them to perform tasks such as underground inspections, inventory management, and construction documentation. The company's innovative approach combines multiple redundant sensors with advanced mapping and obstacle avoidance technologies, resulting in highly robust and differentiated aerial robots that facilitate data acquisition in challenging settings.

NeuroFlow

Venture Round in 2018
NeuroFlow, Inc. is a digital health company that develops a cloud-based platform designed to enhance access to behavioral health and engage patients throughout the continuum of mental healthcare. Founded in 2016 and headquartered in Philadelphia, Pennsylvania, NeuroFlow provides healthcare providers with tools for remote patient monitoring and integration of behavioral health across various care settings, including psychology, primary care, and pain management. The platform employs evidence-based practices to track, assess, and engage patients, promoting overall wellness and improving compliance with treatment. By utilizing patient-generated questionnaires and journaling, NeuroFlow enables individuals to monitor their mental health outcomes and achieve tangible progress. The company has established strategic partnerships with organizations like Smart Health Innovation Lab and Mental Health America to further its mission of improving mental health support and outcomes.

Rize

Seed Round in 2018
Rize develops customer-centric financial applications aimed at fintechs, established financial institutions, and non-financial brands. Its innovative technology features patent-pending Synthetic Account capabilities, which integrate checking, saving, and brokerage services into a single, flexible platform. This allows clients to create tailored products and user experiences that address the specific needs of their customers. By offering a unified application programming interface (API), Rize enables businesses to efficiently build across various account types, simplifying the development process and enhancing financial service delivery.

Burrow

Series A in 2018
Burrow, Inc. is a New York-based company that designs, manufactures, and supplies luxury furniture for residential use. Founded in 2016, Burrow specializes in creating easy-to-move and customizable seating options such as sofas, sectionals, loveseats, and armchairs, as well as tables, rugs, and various accessories. The furniture is crafted from sustainably-sourced hardwood and features non-toxic, scratch- and stain-resistant fabrics. Burrow aims to provide customers with comfortable and stylish furnishing alternatives while avoiding traditional retail markups. The company operates showrooms in several states, including Washington, Massachusetts, Texas, and California, and also sells its products online. Additionally, Burrow has a manufacturing facility located in Mexico City, Mexico.

Burrow

Seed Round in 2017
Burrow, Inc. is a New York-based company that designs, manufactures, and supplies luxury furniture for residential use. Founded in 2016, Burrow specializes in creating easy-to-move and customizable seating options such as sofas, sectionals, loveseats, and armchairs, as well as tables, rugs, and various accessories. The furniture is crafted from sustainably-sourced hardwood and features non-toxic, scratch- and stain-resistant fabrics. Burrow aims to provide customers with comfortable and stylish furnishing alternatives while avoiding traditional retail markups. The company operates showrooms in several states, including Washington, Massachusetts, Texas, and California, and also sells its products online. Additionally, Burrow has a manufacturing facility located in Mexico City, Mexico.

Burrow

Seed Round in 2017
Burrow, Inc. is a New York-based company that designs, manufactures, and supplies luxury furniture for residential use. Founded in 2016, Burrow specializes in creating easy-to-move and customizable seating options such as sofas, sectionals, loveseats, and armchairs, as well as tables, rugs, and various accessories. The furniture is crafted from sustainably-sourced hardwood and features non-toxic, scratch- and stain-resistant fabrics. Burrow aims to provide customers with comfortable and stylish furnishing alternatives while avoiding traditional retail markups. The company operates showrooms in several states, including Washington, Massachusetts, Texas, and California, and also sells its products online. Additionally, Burrow has a manufacturing facility located in Mexico City, Mexico.

Some Spider Studios

Venture Round in 2017
Some Spider Inc. is a media and entertainment company focused on creating iconic, identity-based brands across various platforms. It specializes in developing multimedia channels on social media, streaming services, and audio platforms. By producing original content that resonates with audiences, the company aims to enhance brand presence and foster deeper engagement. Through its innovative approach, Some Spider Inc. seeks to connect people with compelling narratives and experiences, establishing a strong foothold in the digital landscape.
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