RedBlue holds first close on second fund targeting at least $50 million

RedBlue Capital has held a first close on its second fund, which founder Olaf Sakkers says will total at least $50 million, TechCrunch reported. The firm backs robotics, logistics, manufacturing and energy companies. Its second fund draws backing from family offices and institutions. RedBlue writes checks of $50,000 to $100,000, mostly joining rounds led by other investors. Sakkers says 15 of its 28 investments have been marked up. With just one exit, an acqui-hire, most gains from the first fund remain on paper and unrealized.