Red & Blue Ventures

We're excited to share that NeuroFlow is a winner of the 2024 The Digital Health Hub Foundation - Digital Health Awards! Out of thousands of companies, we were named Best in Class in Mental & Behavioral Health. A huge thank you to all the judges for their time and effort and to the Digital Health Awards for providing a platform to highlight the innovations shaping the future of healthcare. And congratulations to all the amazing winners announced last night!

Chef has officially completed 30,000,000 servings in production! From what we know, we have produced more meals than all other food robotics startups combined. This rate is only accelerating: it took Chef 19 months to hit the first 10M, an additional 5.3 months to hit 20M, and only an additional 3.6 months to hit 30M. All of this means that our models continue to improve for our customers which means even more ingredients that Chef can work with and even better performance for our customers. To do this, we've scaled utilization of our existing fleet, deployed more robots to our existing customers, and scaled to more net new customers. We now have robots deployed in 7 cities across North America, where they are helping food companies supplement their work forces with a form of consistent and reliable labor that is equipped with the flexibility to assemble hundreds of thousands of different meal combinations. At Chef we believe that AI’s biggest impact will be on the physical world, representing 90% of Global GDP, in the form of Embodied AI. The food industry is one of the largest industries by labor force on the planet and Chef is one of the only AI-enabled robotics companies that is scaling robots at real-world customer sites in production environments. If you’re interested in joining us on our mission to accelerate the advent of Embodied AI in the physical world, please reach out!

Arya Health has closed a $4M seed round led by Twelve Below, while >6x-ing?revenue in the last 12 months. Read more about where we are headed in the first comment. If you're a healthcare services?operator who is done with?throwing people and janky software at your caregiver management problems, we should speak. Thank you to our team, our customers and our investors (Twelve Below, Oceans,?Nebular, Four Acres Capital, Red & Blue Ventures, Ridge Ventures and more) for being early believers in our mission to re-align the relationship between employers and employees in the new economy. Back to building.

The Rounds announces a $24M Series B to accelerate improvements to our service, strategically focus growth on existing market profitability, and make big steps towards building the go-to platform for effortlessly managing your everyday essentials in a more sustainable way than the alternative. This new round of funding was led by Moderne Ventures, with additional new investors, including FJ Labs, and existing investors doubling down, like Construct Capital, Redpoint, First Round Capital and Red & Blue Ventures, and brings our total funding to date to $66M. We are hiring for select roles, including applied machine learning and data science. If you’re interested please apply at https://lnkd.in/eDCrnrhh Thanks to Lauren Forristal and TechCrunch for speaking with our Co-Founder & CEO, Alexander Torrey.

Friends! MD Ally has achieved a major milestone. We've closed a $14 million Series A round led by the incredible folks at Frist Cressey Ventures, with significant participation from General Catalyst! Thank you to everyone at Frist Cressey Ventures. Your energy and enthusiasm for providing the world with a solution that brings together public safety, payors, patients, and providers is truly remarkable. Thank you to our existing partners at General Catalyst, Techstars, Seae Ventures, Red & Blue Ventures, HearstLab, and Alumni Ventures. We couldn't have done any of this without the support of Kojo DeGraft-Hanson, Brett Topche, Candace Richardson, Tuoyo Louis, Lisa Burton O'Toole, PhD, Isaac Kato, Jonathan Meltzer and so many more. You've understood and supported our vision from day one, and we couldn't be happier to scale the impact of what we've built together. Also, thank you Aaron Weitzman at Axios for sharing our exciting news! Most importantly, thank you to our incredible employees who pour themselves into MD Ally | 911 Network Navigation day in and day out. Our mission continues full steam ahead as we continue to "officiate" high-impact partnerships between public safety systems and payors in a way that benefits the communities we serve. Lets continue to expand 911 care pathways, get callers to the right level of care, and ensure patients have an amazing experience along the way!

Great to see the continued progress from Rajat Bhageria and his awesome team!

We’re excited to announce that NeuroFlow has acquired Owl, the leading measurement-based care company for behavioral health providers and health plans. This deal creates the largest end-to-end platform for identifying and managing behavioral health needs across the entire healthcare continuum. By merging with Owl, NeuroFlow now offers the most expansive suite of solutions for delivering measurement-based and feedback-informed care. The platform supports health systems, health plans, the federal government, and now behavioral health providers. “Owl provides a comprehensive solution for monitoring patients who need a higher level of care, giving providers the tools to track and measure outcomes over time and ensure quality and consistency throughout the care journey,” says Christopher Molaro “This is just the beginning; we intend to build on this foundation to improve access and engagement.” Read the complete press release here: https://lnkd.in/ecN2kcxs #acquisition #behavioralhealth #mentalhealth #measurementbasedcare

This is BIG. Bored Cow is: ?? Expanding into 2000+ new stores ???? Now available in all 50 states ?? Launching 11 oz Original 4?? Introducing 4-packs We're so proud of this product -- for people, for animals, and the planet. And we can't wait to share it with more people around the country. Go get some now at Albertsons, Safeway, Sprouts, Fresh Thyme, Central Market, Shaws, and many many more stores. We're just getting started!

Hopscotch has grown like crazy in the last few months. In May, we will have added as much revenue as we did June through December last year. It’s not just revenue that’s growing either. We’ve grown new accounts 37% MoM and transaction volume by 73% MoM over the last 6 months. In fact, we’ve processed more volume in the last two months than we did in all of 2023. I thought it’d be interesting to share what led to this?inflection point?in the business. 1/ We shipped something businesses need Early on in Hopscotch’s life, we recognized we had a unique opportunity to modernize an industry that has remained relatively untouched by tech: factoring. I’ll spare you the history lesson, but those who are familiar with factoring know the?experience isn't great (more here: https://shorturl.at/YQEom). To test our thesis?about an alternative to traditional factoring,?we launched an alpha version of Flow and made it available to a small subset of our invoicing / bill pay customers (<25). Within weeks, we saw there was a clear market need, but there was still a lot of work to do on our invoicing / bill pay product so we pushed Flow to the side. That was a mistake. During our 2023 annual review, we realized the unit economics for Flow were extremely compelling: enterprise SaaS-like LTVs, high retention, etc. Once we saw the numbers, we moved quickly to build a beta version of Flow that more of our customers would be able to access. In May, we launched Flow 2.0. Even though Flow is still only available to <100 businesses out of the 7k+ on Hopscotch, we’ve been able to grow revenue like crazy. The expansion opportunity is?compelling?and we’re working hard to get it in the hands of more of our users. 2/ We identified a major GTM unlock It’s no secret that SMBs are often difficult to acquire, monetize, and retain over long periods of time. To make the Hopscotch model work, we focused on building a product that is inherently viral. If we acquire one business, we need to be able to organically acquire their clients and vendors. In other words, we set out to build a negative-CAC product with the potential to achieve exponential growth. While the above remains true to this day (we convert 10% of all businesses that receive an invoice or bill from one of our users to the platform), we identified a major GTM unlock in late March that has enabled us to grow like wildfire. I’m not going to share the specifics on LinkedIn (yet), but we’ve been able to build a niche channel partner network that consistently drives new accounts and revenue to our platform. At first, this network started as an experiment with a single partner, but once we saw traction we quickly formalized a process to identify, onboard, and manage new parters. Today, we know how much each new partner will drive in volume and revenue on a monthly basis. There are tens of thousands of these partners out there and we’re onboarding about 3-5 per month.

I’m excited to finally announce that Shinkei has raised $6m in seed funding led by Cantos, with participation from 8VC, Impatient Ventures, Ravelin, Susa Ventures/Humba Ventures, Carya Venture Partners, Red & Blue Ventures, Dorm Room Fund, Ratio, Undeterred Capital, Spacecadet, LMNT Ventures and others joining existing investors. Press Release: https://lnkd.in/dziQYHe8 Shinkei is automating the fishing industry. 3 billion people rely on fish as a primary source of protein (UN), but as little as 1 in 3 fish actually make it to a plate in America (Guardian). Waste from spoilage and bycatch contributes to the pressure on high volume fishing with tight margins across the chain. While the US is a leader in policy and sustainability, the reality is the frameworks of seafood, relative to other supply chains, still have catching up to do. The integration of robotics into seafood is lagging relative to agriculture and terrestrial animals —? seafood needs a shake up. Shinkei is building the nervous system for the next generation of meat processing. Our robots have unlocked exponential improvements in unit economics for our partners across the supply chain. Our software-defined platform combines the elegance of mechanism design and controls with vanguard perception models and internal research to unlock a scale to processes previously thought impossible. Partners with 10-figure revenue faced problems that "could never be solved"? and see solutions come to life through early implementation. We believe in sustainability, deliciousness and beauty — for all. Our phenomenal team of ex-SpaceX and early Anduril engineers are leading our charge. If you're interested in fortifying one of America's core industries — reach out. Come join us: https://lnkd.in/dSuVJffQ It takes a village and I'm extremely thankful for our passionate team, extraordinary investors and the generous mentors who continue to help us along the way. From fish sommeliers to farm operators to fishermen to the chefs themselves, the support from the industry continues to be remarkable. More to come, but for now: back to building.