| RRE Ventures | |
| Type: | Private |
| Industry: | Venture Capital |
| Foundation: | [1] |
| Location: | New York City, New York, U.S. |
| Founder: | James D. Robinson III James D. Robinson IV Stuart Ellman |
| Products: | Investments |
| Aum: | US$2 billion (2020) |
| Homepage: | www.rre.com |
| Footnotes: | [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]
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.[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.
As of 2020, RRE ventures has raised $2 billion in capital. It has made over 400 investments across 26 states in the US and Canada with over 60 exits.[7] Notable investments include Business Insider, BuzzFeed, Datadog, Giphy and Venmo.
| Fund[8] | Vintage Year | Committed Capital ($m) | |
|---|---|---|---|
| RRE Ventures I | 1997 | USD 95 | |
| RRE Ventures II | 1998 | USD 225 | |
| RRE Ventures III | 2001 | USD 225 | |
| RRE Ventures IV | 2006 | USD 300 | |
| RRE Ventures V | 2011 | USD 230 | |
| RRE Ventures VI | 2014 | USD 280 | |
| RRE Leaders I | 2015 | USD 102 | |
| RRE Ventures VII | 2017 | USD 265 | |
| RRE Leaders II | 2018 | USD 57 |