SPE Funds


Updates on SPEs and SPVs

Red Hook Capital family of funds investing in Kin Insurance.

March 1, 2022

CHICAGO, IL – March 1, 2022 – Kin Insurance, the direct-to-consumer home insurance company built for every new normal, today announced the $82 million first close of its Series D round, with additional commitments for a second close totaling $18 million.

The funding was led by QED Investors with participation from returning investors Commerce Ventures, Flourish Ventures, Hudson Structured Capital Management Ltd. (doing its reinsurance business as HSCM Bermuda), Alpha Edison, Allegis NL Capital, Avanta Ventures (venture arm of CSAA Insurance Group, a AAA Insurer), and August Capital, and new investors Geodesic Capital and PROOF.VC.

Kin had raised $133 million in equity funding prior to this round, which comes on the heels of Kin’s explosive growth in 2021. With the newest funding, Kin will continue to recruit top talent across all departments, expand its suite of insurance products, and bring its proprietary technology and direct-to-consumer model to additional states.

Red Hook Capital family of funds investing in Astra through SPE

March 1, 2022

Astra Space Inc is a technology company that provides space services, including satellite launch services and other space services, based on a proprietary, vertically integrated technology platform.

STATUS: Exited

Red Hook Capital family of funds investing in Accern through SPE

March 1, 2022

Developer of a no-code AI platform intended to automate research and data analysis processes within organizations and aid in intelligent decision-making.

The company’s platform monitors consensus from over a billion websites and local blogs, extracts numerous insights per story using machine learning and artificial intelligence technologies, enabling clients to track news and facilitate growth in terms of revenue.

Red Hook Capital family of funds investing in BrightInsight through SPE

March 1, 2022

Developer of a digital health platform designed to optimize regulated drugs, devices, and software through integrated data and actionable insight.

The company’s platform uses software and services to capture, transmit and analyze data from CE-marked and FDA-regulated medical devices, combination products, apps and Software as a Medical Device(SaMD), in compliance with security, privacy, and regulatory requirements, thereby accelerating the time to market for biopharma and Medtech companies, reducing the cost of implementation and maintenance versus a custom solution and scaling across products and global markets.

Red Hook Capital family of funds investing in Carbon Health through SPE

March 1, 2022

Operator of mobile-based healthcare network and clinics intended to offer simple, convenient, and accessible healthcare.

The company provides its patients with omnichannel care from the same trusted providers at a wide variety of access points, including clinics, pop-up sites, video, application, and on-site at their employers, enabling patien.

Red Hook Capital family of funds investing in EquipmentShare through SPE

March 1, 2022

EquipmentShare helps contractors across the country build better and work smarter with the help of EquipmentShare Track smart jobsite technology.

In an industry ripe for disruption and innovation, EquipmentShare offers smart jobsite solutions that help contractors improve productivity and efficiency.

Red Hook Capital family of funds investing in Guild Education through SPE

March 1, 2022

Guild Education’s lifelong learning platform offers classes, programs, and degrees for working adults.

Red Hook Capital family of funds investing in ICON through SPE

March 1, 2022

ICON develops advanced construction technologies that advance humanity.

Using proprietary 3D printing robotics, software and advanced materials, ICON is shifting the paradigm of homebuilding on Earth and beyond.

Red Hook Capital family of funds investing in MasterClass through SPE

March 1, 2022

Operator of an online education platform designed to offer video-based online vocational courses taught by celebrities, athletes and business executives.

The company’s digital platform offers video lessons, interactive exercises, series of course materials, peer interaction and more, enabling learners to gain expertise and improve their academic and professional trajectories.

Red Hook Capital family of funds investing in Mythical Games through SPE

March 1, 2022

Operator of a gaming technology studio intended to bring players, creators, brands, and game developers together through personalized experiences and content.

The company’s studio provides decentralized gaming application that uses blockchain technology to build games where players can own the assets they develop or acquire in the game on the EOSIO platform, enabling users to create products that drive consumer adoption of distributed ledger technology through games.

Red Hook Capital family of funds investing in Overtime through SPE

March 1, 2022

Overtime is a publisher of sports content intended to empower athletes.

The company creates sports content that can be published on various platforms and also offers users to download sports videos and edit and amplify them with music and text, thereby enabling users to make their own highlights and share them with friends.

Red Hook Capital family of funds investing in PROOF through SPE

March 1, 2022

PROOF is a venture capital firm.  PROOF stands for the Pro Rata Opportunity Fund. They invest strategic capital alongside select early-stage VC firms, to maximize upside in their best-performing companies.

Venture capital firms investing in early-stage companies typically negotiate ‘pro-rata investment rights,’ allowing them to maintain ownership in subsequent rounds of funding as they grow. Since early stage VCs invest across a broad swath of portfolio companies, over time, they inevitably run out of capital to maintain their pro-rata ownership in their best performing companies. When pro-rata is surrendered, board seats and the right to invest in future rounds are at stake.

Through their investments, we allow our network partner VCs to maintain their influence on the board, preserve their position in the cap table and optimize returns in companies experiencing meteoric growth.

Red Hook Capital family of funds investing in Two Six Technologies through SPE

March 1, 2022

Developer of cybersecurity software and advanced technology development services intended to support the critical missions.

The company’s software tools provide data collection, storage, analysis and visualization for region-scale networks of personal, mobile and static radiation sensors and also provides users throughout the entire command chain the ability to plan, prepare, execute and assess cybersecurity operations, enabling international partners and government to mitigate global threats and solve commercial challenges.

Red Hook Capital family of funds investing in Rising Tide VC through SPE

March 1, 2022

Rising Tide Fund is a venture capital firm based in San Francisco, California.

The firm seeks to invest in companies operating in artificial intelligence, blockchain, deep tech, healthcare sectors, information technology, security services, capital markets, and financial technology.

Red Hook Capital family of funds investing in Varo Bank through SPE

March 1, 2022

Varo working toward our mission with a team that uniquely and strategically combines banking veterans with technology experts.

The banking experts provide decades of industry experience, and the tech experts can build a mobile app that offers everyone access to premium banking, including quicker access to your money, high-yield savings, and automatic saving tools.