RRE Ventures Closes RRE V

1 November, 2012 NEW YORK

RRE Ventures, LLC (“RRE”) is pleased to announce that it has successfully held the final closing of RRE Ventures V, LP (“RRE V”) with capital commitments of $230 million.

RRE is a leading venture capital firm headquartered in the New York metro market. The firm invests in 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 in excess of $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 diversified geographically 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.

Co-Managing Partner Stuart Ellman said: “For entrepreneurs seeking early-stage capital, RRE Ventures stands out as a partner. 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.

SOURCE:  RRE Ventures, LLC

RELATED LINKS:  www.rre.com