RRE Ventures
 | |
| Company type | Private |
|---|---|
| Industry | Venture Capital |
| Founded | 1994[1] |
| Founder | James D. Robinson III James D. Robinson IV Stuart Ellman |
| Headquarters | New York City, New York, U.S.[1] |
| Products | Investments |
| AUM | US$2 billion (2020)[1] |
| Website | www.rre.com |
| Footnotes / references [2] | |
RRE Ventures is an American Venture capital firm based in New York City. The firm primarily invests in seed, series A and series B rounds and focuses on companies operating in the software, internet, communications, aerospace, robotics, 3D printing and financial services sectors.[1]
Background
[edit]Stuart Ellman and James D. Robinson IV were classmates at Harvard Business School where they came up with the idea of starting a venture capital firm.[3][4]
In 1994 they founded RRE Ventures with Robinson's father, James D. Robinson III who was the Chairman and CEO of American Express from 1977 until his retirement in 1993.[3][4][5][6] The name of the firm is derived from the first letter of each co-founder's surname.
The firm focuses on investing in early stage companies.[3][6]
RRE has been a significant investor in Chinese companies. At one time RRE had made millions from a sale to Ping An Insurance but did not know how to get the proceeds out of China. Laughable suggestions included buying a large Diamond or bringing a duffel bag full of cash to Hong Kong to exchange for HKD. In the end, RRE set up two subsidiaries in Hong Kong and Cayman Islands as a solution. [7]
As of 2020, RRE ventures has raised $2 billion in capital. It has made over 400 investments across 26 states in the US and Canada with over 60 exits.[8] Notable investments include Business Insider, BuzzFeed, Datadog, Giphy and Venmo.[8]
References
[edit]- ^ a b c d "RRE Ventures". StartupHub.ai.
- ^ "Form ADV" (PDF). SEC. Retrieved November 24, 2022.
- ^ a b c "Ellman: Building a VC Empire in the Empire State -". Venture Capital Journal. October 1, 2000. Retrieved March 23, 2023.
- ^ a b Davies, Tyler (November 9, 2015). "The 2015 Fintech Finance 35: James Robinson III and James Robinson IV, RRE Ventures". Institutional Investor. Retrieved May 24, 2021.
- ^ Lee, Meredith (February 11, 2014). "A New York VC Spotlight: James Robinson III". AlleyWatch.
- ^ a b "LEADERS Interview with James D. Robinson III, General Partner and Co-Founder, RRE Ventures". LEADERS Magazine. Retrieved March 23, 2023.
- ^ Fannin, Rebecca (September 26, 2019). Tech Titans of China: How China's Tech Sector is Challenging the World by Innovating Faster, Working Harder & Going Global. John Murray Press. ISBN 978-1-5293-7450-6.
- ^ a b High, Matt (June 11, 2020). "Top 10 venture capital firms: RRE Ventures". Fintech Magazine. Retrieved May 24, 2021.
External links
[edit]- www.rre.com (Company Website)
