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Red Bike Capital is an early-stage venture capital fund based in New York, founded in 2021. The firm is co-founded by Rachel ten Brink, a Y Combinator alum and co-founder of Scentbird, and Herman Goihman, an experienced fintech investor. The fund emphasizes investing in US-based founders, particularly those who are underrepresented in the tech ecosystem. Red Bike Capital aims to support experienced, technical founders who demonstrate a strong founder-market fit while addressing significant challenges with a focus on capital efficiency.
The firm has established itself as a Latina and woman-led fund, which aligns with its mission to provide resources and capital to underrepresented founders. Notably, Red Bike Capital has secured a significant limited partner in Bank of America, which made an equity investment in January 2023. This partnership underscores the fund's credibility and commitment to fostering diversity in the venture capital space.
Currently, Red Bike Capital focuses on sectors such as fintech, SaaS, and healthcare, with a particular interest in companies that are digitizing traditional industries and expanding financial access through innovative solutions. The firm has made four investments to date, reflecting its early-stage focus and commitment to supporting founders who are addressing critical market needs.
Red Bike Capital invests in various sectors, including fintech, eCommerce SaaS, healthcare, and commerce. The fund targets early-stage companies at the pre-seed, seed, seed-plus, and Series A stages. A strong emphasis is placed on the importance of a robust go-to-market strategy, which is critical for the success of the companies they back. The firm seeks to partner with founders who are leveraging technology to improve financial inclusion, power commerce, drive sustainability, and provide better health outcomes.
Investment themes include digitizing traditional industries, such as data and AI, supply chain logistics, and alternative underwriting. Red Bike Capital is particularly interested in companies that are expanding financial access through innovative solutions like payments, credit solutions, and embedded finance. The firm values capital efficiency and aims to support founders who are addressing significant challenges in their respective markets.
Red Bike Capital has made four investments to date, focusing on early-stage companies in its target sectors. While specific portfolio companies have not been publicly identified, the firm is known for its commitment to supporting underrepresented founders in fintech, SaaS, and healthcare. The fund's investment strategy emphasizes backing companies that demonstrate strong founder-market fit and innovative approaches to traditional industries.
As Red Bike Capital continues to grow, its portfolio is expected to reflect its focus on companies that are not only addressing significant market challenges but also contributing to improved financial inclusion and sustainability. The firm’s early-stage investments position it well within the dynamic startup ecosystem in North America.
Rachel ten Brink - General Partner & CEO. Rachel is a co-founder of Scentbird, where she raised $29 million and scaled the company to over $100 million in revenue. She is a Y Combinator alum with deep expertise in growth and brand building.
Herman Goihman - General Partner. Herman has a background in investment banking and fintech, having managed credit funds and deployed over $2 billion in assets. His experience in institutional finance brings a unique perspective to early-stage venture capital.
To pitch Red Bike Capital, founders should visit their website at redbikecapital.com. The firm prefers direct outreach and encourages pitches that include a clear business model, market analysis, and a strong go-to-market strategy. Founders should be prepared for a response time that may vary based on deal flow, but the firm values timely communication and transparency.
In January 2023, Red Bike Capital announced a significant equity investment from Bank of America, marking a notable milestone for the firm. This partnership enhances the fund's credibility and underscores its commitment to supporting underrepresented founders in the tech ecosystem.
As of now, Red Bike Capital has made four investments, reflecting its early-stage focus and commitment to backing innovative companies in fintech, SaaS, and healthcare.
What are Red Bike Capital's investment criteria?
Red Bike Capital focuses on early-stage investments in sectors such as fintech, SaaS, and healthcare. The firm seeks to partner with experienced, technical founders who demonstrate a strong founder-market fit and are addressing significant challenges while maintaining capital efficiency.
How can founders apply or pitch to Red Bike Capital?
Founders interested in pitching to Red Bike Capital can visit their website at redbikecapital.com for more information on the application process. The firm encourages direct outreach and referrals from trusted sources.
What makes Red Bike Capital different from other venture capital firms?
Red Bike Capital is a Latina and woman-led fund that specifically focuses on investing in underrepresented founders in the tech ecosystem. This unique positioning allows the firm to tap into diverse perspectives and innovative solutions that may be overlooked by traditional venture capital firms.
What is the geographic scope of Red Bike Capital's investments?
The firm primarily invests in US-based founders, emphasizing the importance of supporting local entrepreneurs who are addressing significant market needs.
What is the typical check size for investments made by Red Bike Capital?
While specific check sizes are not disclosed, Red Bike Capital targets early-stage investments, which typically range from pre-seed to Series A funding rounds.
What kind of post-investment support does Red Bike Capital provide?
Red Bike Capital offers capital and resources to its portfolio companies, leveraging the extensive experience of its partners in growth, brand building, and institutional finance to help founders achieve their goals.
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