About Red Swan
Red Swan is a venture capital firm founded in 2011. It is primarily based out of New York City, United States. As of Nov 2025, Red Swan is an active investor, having invested in 81 companies, with 2 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Retail and Consumer. Most recently it participated in the $***** Seed round of Kingpin Overall, Red Swan portfolio has seen 5 unicorns, 3 IPOs and 30 acquisitions including key companies like Coinbase, Scopely and Warby Parker. A lot of funds co-invest with Red Swan, with names like SV Angel sharing a substantial percentage of its portfolio. Red Swan has team of 4 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio IPOs
Portfolio Unicorns
Portfolio Soonicorns
Red Swan's List of Top Investments
Red Swan has a portfolio of 81 companies, including 5 unicorns. Their most notable investments are in Cabify and Oscar.Their portfolio spans across United States, Sweden, Brazil and 5 more locations. They have invested in Enterprise Applications, Retail, Consumer and 27 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Red Swan:
1. Coinbase
Online platform for crypto portfolio. It offers solutions for consumers such as regular trading platforms, wallets for storing cryptocurrencies, crypto exchanges, USD-backed stable coins, and more. It also provides solutions for businesses such as custodian services, crypto-based payment acceptance solutions, and more.
Key facts about Coinbase
- Founded Year: 2012
- Location: San Francisco (United States)
- Annual Revenue: $271M as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $547M
- Employee Count: 7,482 as on Mar 31, 2026
- Investors: TrueBridge, Wellington and 142 Others
- Latest Funding Round: Post IPO, Aug 13, 2021, $*****
- Highlight: Public
2. Scopely
Developer of interactive entertainment and video games across multiple platforms. The company creates, publishes, and operates immersive games. It utilizes a technology platform to support a diversified portfolio in the games industry. The company focuses on building long-lasting game experiences.
Key facts about Scopely
- Founded Year: 2011
- Location: Culver City (United States)
- Annual Revenue: £3.31M as on Dec 31, 2021
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $1.02B
- Employee Count: 3,783 as on Mar 31, 2026
- Investors: Cross Creek, InvestX and 70 Others
- Latest Funding Round: Series E, Oct 28, 2020, $*****
- Highlight: Acquired
3. Warby Parker
Internet first brand offering eyewear for men and women. The product catalog includes eyeglasses, sunglasses, contact lenses, and other eyewear accessories. The company also provides home-try-on program for customers to choose frames from the website.
Key facts about Warby Parker
- Founded Year: 2010
- Location: New York City (United States)
- Annual Revenue: $771M as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $573M
- Employee Count: 2,671 as on Mar 31, 2026
- Investors: equitywestsecurities.com, American Express Ventures and 36 Others
- Latest Funding Round: Series F, Aug 27, 2020, $*****
- Highlight: Public
4. Oscar
Provider of health insurance plans offering virtual and in-person medical care. The organization facilitates access to prescription medications and virtual urgent care services. It offers resources such as a care team and a network of doctors. The entity provides options for individuals, families, and businesses seeking health coverage.
Key facts about Oscar
- Founded Year: 2012
- Location: New York City (United States)
- Annual Revenue: $9.18B as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $1.63B
- Employee Count: 2,616 as on Mar 31, 2026
- Investors: Glynn Capital, Fidelity Investments and 47 Others
- Latest Funding Round: Series D, Dec 17, 2020, $*****
- Highlight: Public
5. Turo
App-based P2P car rental platform. Their platform connects vehicle owners who are willing to rent their cars with other users. Users can host or rent their vehicle on the platform and users in need of vehicles can search and book the vehicles of their preferences. It offers features like insured rides, contactless-delivery options, and more. Their mobile app is available for Android and iOS devices.
Key facts about Turo
- Founded Year: 2010
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $523M
- Employee Count: 1,729 as on Mar 31, 2026
- Investors: August Capital, Cross Creek and 52 Others
- Latest Funding Round: Series F, Apr 03, 2022, $*****
- Highlight: Editors' Pick
Red Swan's Year-on-Year Investment Trends
Red Swan has invested in 81 companies over the last 15 years, with an average of 2 new investments annually in the last 10 years. In 2025, it made 3 investments. Its most recent first time investment was in Kingpin and most recent follow-on round was in Jetty.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 3 | 0 | 3 |
2024 | 3 | 0 | 3 |
2023 | 1 | 0 | 1 |
2022 | 3 | 0 | 3 |
2021 | 2 | 0 | 2 |
2020 | 0 | 0 | 0 |
2019 | 1 | 0 | 1 |
2018 | 4 | 0 | 4 |
2017 | 2 | 1 | 3 |
Red Swan's Investments by Stage
Red Swan has made 36 investments in Seed stage with an average round size of $3.14M, 16 investments in Series A stage with an average round size of $8.49M, 5 investments in Series B stage with an average round size of $35.8M and 1 investment in Series C stage with an average round size of $75M.Stage of entry | No. of Investments |
|---|---|
Seed | 36 |
Series A | 16 |
Series B | 5 |
Series C | 1 |
Note: We have considered here, only first round of investments
Red Swan's Investments by Sector
Red Swan has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Retail, FinTech and Real Estate and Construction Tech. Notably, it has invested in 74 Tech companies, 43 Enterprise (B2B) companies, 39 Consumer (B2C) companies and at least 33 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 23 |
Enterprise Applications | 20 |
Retail | 16 |
FinTech | 13 |
Real Estate and Construction Tech | 9 |
Others | 69 |
Note: We have considered here, only first round of investments
Red Swan's Investments by Geography
Red Swan has made most investments in United States (51), followed by Brazil where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 51 |
Brazil | 1 |
Germany | 1 |
Israel | 1 |
Poland | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
Red Swan's recent investments
Red Swan has not made any investment in 2026 so far.Here are the most recent investments by Red Swan:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 20, 2025 | United Arab Emirates | Seed | 6507 | [+4] | |
May 29, 2025 | United States | Series A | 9837 | [+3] | |
Jan 28, 2025 | Sweden | Seed | 3053 | [+5] | |
Dec 17, 2024 | United States | Series A | 4199 | [+10] | |
Jun 28, 2024 | United States | Seed | 8804 | [+4] |
Unicorns in Red Swan's Portfolio
Red Swan has 5 unicorns in its portfolio - SeatGeek, Betterment, Snapdocs and others. The most recent unicorn in their portfolio is SeatGeek. It became a unicorn in 2022, 10 years after Red Swan first invested in it.Here is a list of unicorns in Red Swan's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
74 | Company providing a digital platform that enables users to search and book events | 2009 | New York City | Series E | nmnrpwh | ||
80 | App-based automated investment and retirement planning platform | 2010 | New York City | Series F | nem{zlv | ||
57 | SaaS-driven title settlement solution for real estate professionals | 2013 | San Francisco | Series D | qtysoxy | ||
82 | App-based P2P car rental platform | 2010 | San Francisco | Series F | fieliuq | ||
71 | Provider of ride-hailing, taxi, and delivery services via a mobile application | 2011 | Madrid | Series E | yrgxxop |
IPOs and Publicly Listed companies in Red Swan's Portfolio
3 of Red Swan's portfolio companies have become public. Warby Parker got listed on the New York Stock Exchange (NYSE), in Sep 2021 at marketcap of $5.21B and Coinbase got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $28.7B.Here are Red Swan's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 29, 2021 | Jan 29, 2013 | Series B | 3156 | |
Apr 14, 2021 | - | - | 4158 | |
Mar 03, 2021 | Jul 18, 2013 | Series A | 8018 |
Acquired companies in Red Swan's Portfolio
30 companies from Red Swan's portfolio have been acquired. The most recent acquisition was Guideline in Aug 2025 by Gusto for $*****.Here are Red Swan's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 27, 2025 | Aug 24, 2015 | Seed | 5716 | |
Jul 28, 2025 | Jun 05, 2013 | Series A | 4060 | |
Sep 30, 2024 | Oct 02, 2023 | Seed | 4123 | |
Apr 22, 2024 | Mar 07, 2013 | Series A | 7995 | |
Apr 13, 2023 | - | - | 1345 |
Team profile of Red Swan
Red Swan has a team of 4 members including 2 Partners and 2 Principals located in United States. Red Swan's team does not sit on the board of any company as of now.Here is a list of all team members in Red Swan:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Chicago | - | - | |
Partner | San Francisco | - | - | |
Principal | Litchfield | - | - | |
Principal | Chicago | - | - |
Co-investors of Red Swan
Over the past 15 years, 570 investors have co-invested in Red Swan's portfolio companies. This includes funds and angels.
- Invested before Red Swan: Y Combinator, Lerer Hippeau and 94 others have invested in rounds before Red Swan. There are 5 companies where Y Combinator has invested before Red Swan and 3 companies where Lerer Hippeau has invested before Red Swan.
- Top Co-investors of Red Swan: 244 investors entered a company along with Red Swan. These include investors like SV Angel (9 companies).
- Invested after Red Swan: A total of 230 investors have invested in Red Swan's portfolio after their investments. Top Investors include Wellington (5 companies), Baillie Gifford (3 companies) and Pritzker Group (2 companies).
Recent News related to Red Swan
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Expo Raises $45M Series B and Launches Expo AgentPR Newswire•Apr 16, 2026•Expo, Georgian, Leadout Capital, A.Capital Ventures and 2 others
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Reflex Closes $4.5M Seed Funding Round to Connect Retailers to the Flex EconomyBusiness Wire•Jun 08, 2022•Reflex, Indicator Ventures, Sugar Capital, Red Swan and 5 others
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Captain Raises $104M in Debt and Equity FinancingFinSMEs•Mar 24, 2022•Captain, Coventure, NFX, Notable Capital and 1 other
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Patient relationship management tool Welkin rakes in $17.5MMobiHealthNews•May 28, 2019•Welkin Health, Altos Ventures Management, Thrive Capital, Red Swan and 1 other
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Real Estate Data Platform Cherre Raises $9 Million in Seed Funding to Accelerate ExpansionPR Newswire•Oct 01, 2018•Cherre, Navitas Capital, iLOOKABOUT, Carthona Capital and 9 others
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AlphaFlow Raises $4.1 Million in Seed Round Funding Backed by Resolute Ventures and Point72 VenturesPR Newswire•Sep 20, 2017•AlphaFlow, Resolute Ventures, Point72 Ventures, Upside Partnership and 4 others
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Modern Meadow Closes $40M Series B Round to Commercialize Biofabricated Leather | Business WireBusiness Wire•Jun 28, 2016•Modern Meadow, Horizons Ventures, Iconiq Capital, Temasek and 6 others
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AND CO raises $2 million led by Thrive to manage freelancers’ most dreaded tasksTechCrunch+•Mar 29, 2016•And Co, BoxGroup, Prehype, Brooklyn Bridge Ventures and 8 others
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Bessemer Backs Bread for Alternative LendingDow Jones•Nov 09, 2015•Lon Operations, Red Swan, Cue Ball, Maveron and 4 others
