RRE Ventures has close its latest fund, RRE Ventures V, L.P., with $230 million. RRE Ventures is an early-stage venture capital firm based in New York City. The firm invests across consumer and media sectors, mobile technology, enterprise technology, as well as financial and green technology. The firm’s investments include storage company Drobo and the news site Business Insider.
RRE Ventures, LLC, (RRE) today announced that it successfully closed the RRE Ventures V, L.P. (RRE V) fund with capital commitments of $230 million.
RRE is a leading New York City-based venture capital firm focused on companies that leverage technologies to disrupt and transform many of the world’s major industries.
Led by Co-Managing Partners James D. Robinson IV and Stuart J. Ellman, RRE has organized and managed five funds since its founding in 1994, with total capital commitments exceeding $1 billion.
“We are very pleased with the support we received from the investment community for RRE V,” said Jim Robinson, co-managing partner of RRE. “Our differentiated investment strategy and excellent track record stand out in the venture capital industry.”
The investor base of RRE V is geographically diversified with representation in the United States, Europe, Asia and the Middle East. The Fund includes a broad mix of corporate funds, financial service and insurance companies, family offices, endowments, foundations and substantial individual investors.
“For entrepreneurs seeking early-stage capital, RRE Ventures stands out as a partner,” said Co-Managing Partner Stuart Ellman.” Our reputation of working hard for our entrepreneurs and proactively opening doors in the industries undergoing transformative change continues to give us a competitive advantage.”
RRE V’s investment program is well underway, with over a dozen core investments and a number of seed-program commitments completed to date. Having built an enduring franchise capitalizing on the many ways technology is changing everyday life, RRE V reinforces RRE’s commitment to its family of entrepreneurs, the companies they are creating, and the visionary investors who support our mission.
Proskauer has provided legal counsel for RRE V.
About RRE Ventures, LLC
RRE Ventures is an early-stage venture capital firm headquartered in New York City. Since our founding in 1994 we have sought out and partnered with extraordinary entrepreneurs who seek to disrupt and transform industries. RRE manages over a billion dollars of capital across five funds investing across the United States and in select overseas geographies. Our operation is structured, from both a team and capital standpoint, to enable us to invest in early stage companies while remaining active and participatory throughout the financing life of a venture.