Startup City Magazine

RRE Ventures closes at a Whopping $230M in the Fifth Round

Founded in 1994, RRE Ventures is an initial venture capital firm, which is headquartered in New York. The firm invests in various sectors including software, internet, mobile and financial services.Recently; RRE Ventures declared that it has successfully closed the RRE Ventures V.L.P fund (RRE V), with capital commitments of $230 Million, as reported by PE Hub. The total capital of the company now is estimated to exceed $1 billion.

The company is led by Co- Managing Partners James D. Robinson IV and Stuart J. Ellman with five successful funds that it has acquired. “We are very pleased with the support we received from the investment community for RRE V, our differentiated investment strategy and excellent track record stand out in the venture capital industry.“said Jim Robinson, co-managing partner of RRE, as reported by PE Hub.

The investor base of RRE Ventures is spread across the globe, including U.S, Europe Asia and the Middle East as well. The funds are from various sources including corporate and family offices, endowments, foundations and individual investors

RRV V ’s investment program has paved way for over a dozen investments creating new business entrepreneurs , keeping up the mission of RRE .The co founder says that budding firms which are in their initial stage can rely on RRE Ventures as their partner, as the company thrives  to work for new ideologies, making their dream come alive.

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