| Industry | Venture Capital |
|---|---|
| Founded | 1994 (age 32)[1] |
| Location | New York City, New York, U.S.[1] |
| Founder | James D. Robinson III James D. Robinson IV Stuart Ellman |
| Products | Investments |
| Aum | US$2 billion (2020)[1] |
| Website | www.rre.com |
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
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.[2][3]
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.[2][3][4][5] 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.[2][5]
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. [6]
References
- ^ "RRE Ventures". StartupHub.ai
- ^ "Ellman: Building a VC Empire in the Empire State -". Venture Capital Journal. October 1, 2000. Retrieved March 23, 2023.
- ^ 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
- ^ "LEADERS Interview with James D. Robinson III, General Partner and Co-Founder, RRE Ventures". LEADERS Magazine. Retrieved March 23, 2023.
- ^ Fannin, Rebecca (2019-09-26). 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.
External links
- www.rre.com (Company Website)