RRE Ventures

Last updated

RRE Ventures
Company type Private
Industry Venture Capital
Founded1994;32 years ago (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]

Contents

Background

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]

References

  1. 1 2 3 4 "RRE Ventures". StartupHub.ai.
  2. ↑ "Form ADV" (PDF). SEC. Retrieved November 24, 2022.
  3. 1 2 3 "Ellman: Building a VC Empire in the Empire State -". Venture Capital Journal. October 1, 2000. Retrieved March 23, 2023.
  4. 1 2 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.
  5. ↑ Lee, Meredith (February 11, 2014). "A New York VC Spotlight: James Robinson III". AlleyWatch.
  6. 1 2 "LEADERS Interview with James D. Robinson III, General Partner and Co-Founder, RRE Ventures". LEADERS Magazine. Retrieved March 23, 2023.
  7. ↑ 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.
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